View Past PerformanceHiwin Mikrosystem バランスシートの健全性財務の健全性 基準チェック /66Hiwin Mikrosystemの総株主資本はNT$4.5B 、総負債はNT$1.3Bで、負債比率は28.6%となります。総資産と総負債はそれぞれNT$7.2BとNT$2.7Bです。 Hiwin Mikrosystemの EBIT はNT$419.4Mで、利息カバレッジ比率-47.8です。現金および短期投資はNT$1.0Bです。主要情報28.55%負債資本比率NT$1.28b負債インタレスト・カバレッジ・レシオ-47.8x現金NT$1.04bエクイティNT$4.50b負債合計NT$2.68b総資産NT$7.17b財務の健全性に関する最新情報分析記事 • Nov 12Is Hiwin Mikrosystem (TWSE:4576) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Aug 09We Think Hiwin Mikrosystem (TWSE:4576) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Mar 21These 4 Measures Indicate That Hiwin Mikrosystem (TPE:4576) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Nov 30Is Hiwin Mikrosystem (TPE:4576) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...すべての更新を表示Recent updatesDeclared Dividend • May 29Dividend increased to NT$0.80Dividend of NT$0.80 is 300% higher than last year. Ex-date: 8th July 2026 Payment date: 5th August 2026 Dividend yield will be 0.3%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 30%.Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.96 (vs NT$0.44 in 1Q 2025)First quarter 2026 results: EPS: NT$0.96 (up from NT$0.44 in 1Q 2025). Revenue: NT$855.0m (up 46% from 1Q 2025). Net income: NT$115.5m (up 118% from 1Q 2025). Profit margin: 14% (up from 9.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 50% per year.New Risk • Apr 08New 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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$138, the stock trades at a trailing P/E ratio of 68.3x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 82% over the past three years.Price Target Changed • Mar 12Price target decreased by 28% to NT$120Down from NT$166, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$124. Stock is down 14% over the past year. The company posted earnings per share of NT$2.01 last year.お知らせ • Mar 02Hiwin Mikrosystem Corporation, Annual General Meeting, May 26, 2026Hiwin Mikrosystem Corporation, Annual General Meeting, May 26, 2026. Location: 4 floor no,129, an huo rd., hsi tun district, taichung city TaiwanReported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$2.01 (vs NT$0.51 in FY 2024)Full year 2025 results: EPS: NT$2.01 (up from NT$0.51 in FY 2024). Revenue: NT$2.71b (up 20% from FY 2024). Net income: NT$241.3m (up 298% from FY 2024). Profit margin: 8.9% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$122, the stock trades at a trailing P/E ratio of 79.1x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 73% over the past three years.Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$0.60 (vs NT$0.20 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.60 (up from NT$0.20 in 3Q 2024). Revenue: NT$689.2m (up 15% from 3Q 2024). Net income: NT$72.1m (up 197% from 3Q 2024). Profit margin: 11% (up from 4.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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 fallen by 42% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.22 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.22 (down from NT$0.22 in 2Q 2024). Revenue: NT$682.1m (up 17% from 2Q 2024). Net income: NT$25.8m (down 3.3% from 2Q 2024). Profit margin: 3.8% (down from 4.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.New Risk • Jul 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 14% per year over the past 5 years.Upcoming Dividend • Jul 10Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.1%).Declared Dividend • May 29Dividend increased to NT$0.20Dividend of NT$0.20 is 100% higher than last year. Ex-date: 17th July 2025 Payment date: 15th August 2025 Dividend yield will be 0.2%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 21%.New Risk • May 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 14% per year over the past 5 years.Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.19 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.44 (up from NT$0.19 loss in 1Q 2024). Revenue: NT$587.8m (up 30% from 1Q 2024). Net income: NT$53.1m (up NT$76.4m from 1Q 2024). Profit margin: 9.0% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.お知らせ • May 01Hiwin Mikrosystem Corporation to Report Q1, 2025 Results on May 09, 2025Hiwin Mikrosystem Corporation announced that they will report Q1, 2025 results on May 09, 2025Price Target Changed • Apr 03Price target decreased by 11% to NT$134Down from NT$150, the current price target is provided by 1 analyst. New target price is 7.6% above last closing price of NT$125. Stock is up 40% over the past year. The company posted earnings per share of NT$0.51 last year.分析記事 • Mar 25Hiwin Mikrosystem (TWSE:4576) Might Have The Makings Of A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Mar 02Full year 2024 earnings released: EPS: NT$0.51 (vs NT$0.043 in FY 2023)Full year 2024 results: EPS: NT$0.51 (up from NT$0.043 in FY 2023). Revenue: NT$2.25b (up 3.8% from FY 2023). Net income: NT$60.7m (up NT$55.6m from FY 2023). Profit margin: 2.7% (up from 0.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% 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, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.お知らせ • Feb 27Hiwin Mikrosystem Corporation, Annual General Meeting, May 27, 2025Hiwin Mikrosystem Corporation, Annual General Meeting, May 27, 2025. Location: 4 floor no,129, an huo rd., hsi tun district, taichung city Taiwanお知らせ • Feb 19Hiwin Mikrosystem Corporation to Report Fiscal Year 2024 Results on Feb 26, 2025Hiwin Mikrosystem Corporation announced that they will report fiscal year 2024 results on Feb 26, 2025Price Target Changed • Jan 11Price target increased by 7.1% to NT$150Up from NT$140, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of NT$139. Stock is up 116% over the past year. The company posted earnings per share of NT$0.043 last year.分析記事 • Dec 25Revenues Not Telling The Story For Hiwin Mikrosystem Corporation (TWSE:4576) After Shares Rise 32%Hiwin Mikrosystem Corporation ( TWSE:4576 ) shares have continued their recent momentum with a 32% gain in the last...分析記事 • Dec 11Hiwin Mikrosystem (TWSE:4576) Could Be Struggling To Allocate CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$0.20 (vs NT$0.14 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.20 (up from NT$0.14 in 3Q 2023). Revenue: NT$598.2m (up 18% from 3Q 2023). Net income: NT$24.3m (up 44% from 3Q 2023). Profit margin: 4.1% (up from 3.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.New Risk • Nov 17New major risk - Revenue and earnings growthEarnings have declined by 3.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 3.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin).分析記事 • Nov 12Is Hiwin Mikrosystem (TWSE:4576) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Oct 17Optimistic Investors Push Hiwin Mikrosystem Corporation (TWSE:4576) Shares Up 32% But Growth Is LackingHiwin Mikrosystem Corporation ( TWSE:4576 ) shares have continued their recent momentum with a 32% gain in the last...New Risk • Oct 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 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin).分析記事 • Aug 19Optimistic Investors Push Hiwin Mikrosystem Corporation (TWSE:4576) Shares Up 25% But Growth Is LackingDespite an already strong run, Hiwin Mikrosystem Corporation ( TWSE:4576 ) shares have been powering on, with a gain of...Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.15 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.22 (up from NT$0.15 loss in 2Q 2023). Revenue: NT$582.5m (up 3.7% from 2Q 2023). Net income: NT$26.7m (up NT$45.0m from 2Q 2023). Profit margin: 4.6% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Aug 15+ 1 more updateHiwin Mikrosystem Corporation Appoints Eric Y. T. Chuo as Co-CEOHiwin Mikrosystem Corporation appointed Eric Y. T. Chuo/Director of HIWIN MIKROSYSTEM CORP. as Co-CEO, effective August 13, 2024.分析記事 • Aug 09We Think Hiwin Mikrosystem (TWSE:4576) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Aug 06Hiwin Mikrosystem Corporation to Report Q2, 2024 Results on Aug 13, 2024Hiwin Mikrosystem Corporation announced that they will report Q2, 2024 results on Aug 13, 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. This is currently the only risk that has been identified for the company.Upcoming Dividend • Jul 10Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 08 August 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.5%).New Risk • Jun 17New 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 8.4% 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.Declared Dividend • Jun 01Dividend of NT$0.10 announcedShareholders will receive a dividend of NT$0.10. Ex-date: 17th July 2024 Payment date: 8th August 2024 Dividend yield will be 0.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.9% per year over the past 5 years. However, payments have been volatile during that time.お知らせ • Jun 01+ 3 more updatesHiwin Mikrosystem Corporation Resolves to Appoint Members of the Third Term of Audit CommitteeHiwin Mikrosystem Corporation's Board of Directors resolved to appoint members of the third term of Audit Committee. Resume of the previous position holder: Chia-Heng Ku Independent director of HIWIN MIKROSYSTEM CORP; Hsueh-Pin Chang Independent director of HIWIN MIKROSYSTEM CORP; Chung-Jen Chen Independent director of HIWIN MIKROSYSTEM CORP. Resume of the new position holder: Hsueh-Pin Chang Independent director of HIWIN MIKROSYSTEM CORP; Chung-Jen Chen Independent director of HIWIN MIKROSYSTEM CORP; Chien-Yu Lo Independent director of HIWIN MIKROSYSTEM CORP. Effective date of the new member is May 30, 2024.お知らせ • May 31+ 1 more updateHiwin Mikrosystem Corporation Approves Cash Dividend, Payable on August 8, 2024Hiwin Mikrosystem Corporation announced at shareholders meeting held on May 30, 2024, the shareholders approved cash dividend of TWD 11,980,185. Ex-rights (ex-dividend) trading date is July 17, 2024. Ex-rights (ex-dividend) record date is July 23, 2024. Payment date of cash dividend distribution is August 08, 2023.Reported Earnings • May 12First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.048 profit in 1Q 2023)First quarter 2024 results: NT$0.19 loss per share (down from NT$0.048 profit in 1Q 2023). Revenue: NT$453.9m (down 18% from 1Q 2023). Net loss: NT$23.3m (down NT$29.1m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.お知らせ • May 02Hiwin Mikrosystem Corporation to Report Q1, 2024 Results on May 10, 2024Hiwin Mikrosystem Corporation announced that they will report Q1, 2024 results on May 10, 2024分析記事 • Apr 15There Are Reasons To Feel Uneasy About Hiwin Mikrosystem's (TWSE:4576) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...New Risk • Mar 29New 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 6.1% 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 (6.1% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin).分析記事 • Mar 27There's Reason For Concern Over Hiwin Mikrosystem Corporation's (TWSE:4576) Massive 28% Price JumpHiwin Mikrosystem Corporation ( TWSE:4576 ) shareholders have had their patience rewarded with a 28% share price jump...Reported Earnings • Feb 29Full year 2023 earnings released: EPS: NT$0.04 (vs NT$2.73 in FY 2022)Full year 2023 results: EPS: NT$0.04 (down from NT$2.73 in FY 2022). Revenue: NT$2.17b (down 33% from FY 2022). Net income: NT$5.10m (down 98% from FY 2022). Profit margin: 0.2% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year.お知らせ • Feb 28Hiwin Mikrosystem Corporation, Annual General Meeting, May 30, 2024Hiwin Mikrosystem Corporation, Annual General Meeting, May 30, 2024. Location: 4F., No.129, Anhe Rd.,Xitun Dist. Taichung City Taiwan Agenda: To consider the 2023 Business Report; to consider the 2023 Audit Committee’s Review Report; to consider the remuneration distribution of directors and employees for Year 2023; to consider the cause for convening the meeting Acknowledged matters: 2023 Business Report and Financial Statements; Proposal for Distribution of 2023 Profits; to discuss amendments to the Rules of Procedure for Shareholders Meetings; to consider the election of Directors; and to consider the other resolutions.New Risk • Jul 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.3% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.Upcoming Dividend • Jul 12Upcoming dividend of NT$1.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).お知らせ • Jul 01Hiwin Mikrosystem Corporation Approves Cash Dividend, Payable on August 10, 2023Hiwin Mikrosystem Corporation announced at shareholders meeting held on June 30, 2023, the shareholders approved cash dividend of TWD 119,801,848. Ex-rights (ex-dividend) trading date is July 19, 2023. Ex-rights (ex-dividend) record date is July 25, 2023. Payment date of cash dividend distribution is August 10, 2023.Reported Earnings • Feb 26Full year 2022 earnings released: EPS: NT$2.73 (vs NT$2.48 in FY 2021)Full year 2022 results: EPS: NT$2.73 (up from NT$2.48 in FY 2021). Revenue: NT$3.23b (up 1.4% from FY 2021). Net income: NT$326.9m (up 10% from FY 2021). Profit margin: 10% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chia-Heng Ku was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$0.55 (vs NT$0.81 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.55 (down from NT$0.81 in 3Q 2021). Revenue: NT$795.8m (down 5.3% from 3Q 2021). Net income: NT$66.3m (down 31% from 3Q 2021). Profit margin: 8.3% (down from 12% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$62.80, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 18% over the past three years.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.80 (vs NT$0.57 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.80 (up from NT$0.57 in 2Q 2021). Revenue: NT$861.1m (up 8.4% from 2Q 2021). Net income: NT$95.3m (up 39% from 2Q 2021). Profit margin: 11% (up from 8.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 13Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 20 July 2022. Payment date: 11 August 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (5.0%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.99 (vs NT$0.48 in 1Q 2021)First quarter 2022 results: EPS: NT$0.99 (up from NT$0.48 in 1Q 2021). Revenue: NT$856.4m (up 23% from 1Q 2021). Net income: NT$118.4m (up 106% from 1Q 2021). Profit margin: 14% (up from 8.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chia-Heng Ku was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$2.48 (up from NT$1.13 in FY 2020). Revenue: NT$3.18b (up 30% from FY 2020). Net income: NT$297.1m (up 120% from FY 2020). Profit margin: 9.3% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 5% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 26Hiwin Mikrosystem Corp., Annual General Meeting, May 31, 2022Hiwin Mikrosystem Corp., Annual General Meeting, May 31, 2022. Location: 4F, No.129, Anhe Rd,Xitun District Taichung Taiwan Agenda: To report the business of 2021; to consider Audit Committee's review report of 2021; to report 2021 employees' profit sharing and directors' compensation; to report 2021 cash dividends through earnings distribution; to accept 2021 Business Report and Financial Statements; to ratify 2021 earnings distribution; to discuss amendments to Articles of Incorporation; to discuss amendments to Procedures for Asset Acquisition & Disposal; and to release the directors from non-competition restrictions.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.81 (vs NT$0.32 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$840.1m (up 37% from 3Q 2020). Net income: NT$96.5m (up 155% from 3Q 2020). Profit margin: 12% (up from 6.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 13Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 20 August 2021. Payment date: 14 September 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (3.1%).Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.58 (vs NT$0.28 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$794.3m (up 25% from 2Q 2020). Net income: NT$68.6m (up 108% from 2Q 2020). Profit margin: 8.6% (up from 5.2% in 2Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$695.0m (up 25% from 1Q 2020). Net income: NT$57.4m (up 356% from 1Q 2020). Profit margin: 8.3% (up from 2.3% in 1Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • Mar 23Full year 2020 earnings released: EPS NT$1.14 (vs NT$0.31 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.45b (up 20% from FY 2019). Net income: NT$135.2m (up 288% from FY 2019). Profit margin: 5.5% (up from 1.7% in FY 2019). The increase in margin was driven by higher revenue.分析記事 • Mar 21These 4 Measures Indicate That Hiwin Mikrosystem (TPE:4576) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Feb 22Hiwin Mikrosystem Corp.'s (TPE:4576) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Most readers would already be aware that Hiwin Mikrosystem's (TPE:4576) stock increased significantly by 127% over the...Is New 90 Day High Low • Feb 17New 90-day high: NT$146The company is up 91% from its price of NT$76.20 on 19 November 2020. The Taiwanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period.分析記事 • Jan 25Does Hiwin Mikrosystem (TPE:4576) Have The Makings Of A Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...Is New 90 Day High Low • Jan 21New 90-day high: NT$98.80The company is up 26% from its price of NT$78.20 on 23 October 2020. The Taiwanese market is up 21% 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.分析記事 • Dec 28Does Hiwin Mikrosystem's (TPE:4576) Share Price Gain of 11% Match Its Business Performance?We believe investing is smart because history shows that stock markets go higher in the long term. But not every stock...Is New 90 Day High Low • Dec 16New 90-day high: NT$93.50The company is up 21% from its price of NT$77.50 on 17 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period.分析記事 • Nov 30Is Hiwin Mikrosystem (TPE:4576) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is New 90 Day High Low • Nov 30New 90-day high: NT$80.90The company is up 4.0% from its price of NT$77.50 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period.Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS NT$0.32The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$615.3m (up 31% from 3Q 2019). Net income: NT$37.8m (up NT$44.7m from 3Q 2019). Profit margin: 6.1% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue.Is New 90 Day High Low • Oct 14New 90-day low: NT$71.60The company is down 12% from its price of NT$81.41 on 16 July 2020. The Taiwanese market is up 5.0% 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.Is New 90 Day High Low • Sep 22New 90-day low: NT$75.60The company is down 5.0% from its price of NT$79.92 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period.財務状況分析短期負債: 4576の 短期資産 ( NT$3.0B ) が 短期負債 ( NT$1.5B ) を超えています。長期負債: 4576の短期資産 ( NT$3.0B ) が 長期負債 ( NT$1.2B ) 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: 4576の 純負債対資本比率 ( 5.4% ) は 満足できる 水準であると考えられます。負債の削減: 4576の負債対資本比率は、過去 5 年間で31.1%から28.6%に減少しました。債務返済能力: 4576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 ( 31.5% )。インタレストカバレッジ: 4576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2026/06/12 08:57終値2026/06/12 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Hiwin Mikrosystem Corporation 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Changrong ChenCapital Securities CorporationIris LinSinoPac Securities Investment Service
分析記事 • Nov 12Is Hiwin Mikrosystem (TWSE:4576) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Aug 09We Think Hiwin Mikrosystem (TWSE:4576) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Mar 21These 4 Measures Indicate That Hiwin Mikrosystem (TPE:4576) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Nov 30Is Hiwin Mikrosystem (TPE:4576) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Declared Dividend • May 29Dividend increased to NT$0.80Dividend of NT$0.80 is 300% higher than last year. Ex-date: 8th July 2026 Payment date: 5th August 2026 Dividend yield will be 0.3%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 30%.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.96 (vs NT$0.44 in 1Q 2025)First quarter 2026 results: EPS: NT$0.96 (up from NT$0.44 in 1Q 2025). Revenue: NT$855.0m (up 46% from 1Q 2025). Net income: NT$115.5m (up 118% from 1Q 2025). Profit margin: 14% (up from 9.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 50% per year.
New Risk • Apr 08New 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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$138, the stock trades at a trailing P/E ratio of 68.3x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 82% over the past three years.
Price Target Changed • Mar 12Price target decreased by 28% to NT$120Down from NT$166, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$124. Stock is down 14% over the past year. The company posted earnings per share of NT$2.01 last year.
お知らせ • Mar 02Hiwin Mikrosystem Corporation, Annual General Meeting, May 26, 2026Hiwin Mikrosystem Corporation, Annual General Meeting, May 26, 2026. Location: 4 floor no,129, an huo rd., hsi tun district, taichung city Taiwan
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$2.01 (vs NT$0.51 in FY 2024)Full year 2025 results: EPS: NT$2.01 (up from NT$0.51 in FY 2024). Revenue: NT$2.71b (up 20% from FY 2024). Net income: NT$241.3m (up 298% from FY 2024). Profit margin: 8.9% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$122, the stock trades at a trailing P/E ratio of 79.1x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 73% over the past three years.
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$0.60 (vs NT$0.20 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.60 (up from NT$0.20 in 3Q 2024). Revenue: NT$689.2m (up 15% from 3Q 2024). Net income: NT$72.1m (up 197% from 3Q 2024). Profit margin: 11% (up from 4.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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 fallen by 42% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.22 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.22 (down from NT$0.22 in 2Q 2024). Revenue: NT$682.1m (up 17% from 2Q 2024). Net income: NT$25.8m (down 3.3% from 2Q 2024). Profit margin: 3.8% (down from 4.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
New Risk • Jul 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 14% per year over the past 5 years.
Upcoming Dividend • Jul 10Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.1%).
Declared Dividend • May 29Dividend increased to NT$0.20Dividend of NT$0.20 is 100% higher than last year. Ex-date: 17th July 2025 Payment date: 15th August 2025 Dividend yield will be 0.2%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 21%.
New Risk • May 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 14% per year over the past 5 years.
Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.19 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.44 (up from NT$0.19 loss in 1Q 2024). Revenue: NT$587.8m (up 30% from 1Q 2024). Net income: NT$53.1m (up NT$76.4m from 1Q 2024). Profit margin: 9.0% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
お知らせ • May 01Hiwin Mikrosystem Corporation to Report Q1, 2025 Results on May 09, 2025Hiwin Mikrosystem Corporation announced that they will report Q1, 2025 results on May 09, 2025
Price Target Changed • Apr 03Price target decreased by 11% to NT$134Down from NT$150, the current price target is provided by 1 analyst. New target price is 7.6% above last closing price of NT$125. Stock is up 40% over the past year. The company posted earnings per share of NT$0.51 last year.
分析記事 • Mar 25Hiwin Mikrosystem (TWSE:4576) Might Have The Makings Of A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: NT$0.51 (vs NT$0.043 in FY 2023)Full year 2024 results: EPS: NT$0.51 (up from NT$0.043 in FY 2023). Revenue: NT$2.25b (up 3.8% from FY 2023). Net income: NT$60.7m (up NT$55.6m from FY 2023). Profit margin: 2.7% (up from 0.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% 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, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 27Hiwin Mikrosystem Corporation, Annual General Meeting, May 27, 2025Hiwin Mikrosystem Corporation, Annual General Meeting, May 27, 2025. Location: 4 floor no,129, an huo rd., hsi tun district, taichung city Taiwan
お知らせ • Feb 19Hiwin Mikrosystem Corporation to Report Fiscal Year 2024 Results on Feb 26, 2025Hiwin Mikrosystem Corporation announced that they will report fiscal year 2024 results on Feb 26, 2025
Price Target Changed • Jan 11Price target increased by 7.1% to NT$150Up from NT$140, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of NT$139. Stock is up 116% over the past year. The company posted earnings per share of NT$0.043 last year.
分析記事 • Dec 25Revenues Not Telling The Story For Hiwin Mikrosystem Corporation (TWSE:4576) After Shares Rise 32%Hiwin Mikrosystem Corporation ( TWSE:4576 ) shares have continued their recent momentum with a 32% gain in the last...
分析記事 • Dec 11Hiwin Mikrosystem (TWSE:4576) Could Be Struggling To Allocate CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$0.20 (vs NT$0.14 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.20 (up from NT$0.14 in 3Q 2023). Revenue: NT$598.2m (up 18% from 3Q 2023). Net income: NT$24.3m (up 44% from 3Q 2023). Profit margin: 4.1% (up from 3.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
New Risk • Nov 17New major risk - Revenue and earnings growthEarnings have declined by 3.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 3.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin).
分析記事 • Nov 12Is Hiwin Mikrosystem (TWSE:4576) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Oct 17Optimistic Investors Push Hiwin Mikrosystem Corporation (TWSE:4576) Shares Up 32% But Growth Is LackingHiwin Mikrosystem Corporation ( TWSE:4576 ) shares have continued their recent momentum with a 32% gain in the last...
New Risk • Oct 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 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin).
分析記事 • Aug 19Optimistic Investors Push Hiwin Mikrosystem Corporation (TWSE:4576) Shares Up 25% But Growth Is LackingDespite an already strong run, Hiwin Mikrosystem Corporation ( TWSE:4576 ) shares have been powering on, with a gain of...
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.15 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.22 (up from NT$0.15 loss in 2Q 2023). Revenue: NT$582.5m (up 3.7% from 2Q 2023). Net income: NT$26.7m (up NT$45.0m from 2Q 2023). Profit margin: 4.6% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 15+ 1 more updateHiwin Mikrosystem Corporation Appoints Eric Y. T. Chuo as Co-CEOHiwin Mikrosystem Corporation appointed Eric Y. T. Chuo/Director of HIWIN MIKROSYSTEM CORP. as Co-CEO, effective August 13, 2024.
分析記事 • Aug 09We Think Hiwin Mikrosystem (TWSE:4576) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Aug 06Hiwin Mikrosystem Corporation to Report Q2, 2024 Results on Aug 13, 2024Hiwin Mikrosystem Corporation announced that they will report Q2, 2024 results on Aug 13, 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. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Jul 10Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 08 August 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.5%).
New Risk • Jun 17New 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 8.4% 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.
Declared Dividend • Jun 01Dividend of NT$0.10 announcedShareholders will receive a dividend of NT$0.10. Ex-date: 17th July 2024 Payment date: 8th August 2024 Dividend yield will be 0.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.9% per year over the past 5 years. However, payments have been volatile during that time.
お知らせ • Jun 01+ 3 more updatesHiwin Mikrosystem Corporation Resolves to Appoint Members of the Third Term of Audit CommitteeHiwin Mikrosystem Corporation's Board of Directors resolved to appoint members of the third term of Audit Committee. Resume of the previous position holder: Chia-Heng Ku Independent director of HIWIN MIKROSYSTEM CORP; Hsueh-Pin Chang Independent director of HIWIN MIKROSYSTEM CORP; Chung-Jen Chen Independent director of HIWIN MIKROSYSTEM CORP. Resume of the new position holder: Hsueh-Pin Chang Independent director of HIWIN MIKROSYSTEM CORP; Chung-Jen Chen Independent director of HIWIN MIKROSYSTEM CORP; Chien-Yu Lo Independent director of HIWIN MIKROSYSTEM CORP. Effective date of the new member is May 30, 2024.
お知らせ • May 31+ 1 more updateHiwin Mikrosystem Corporation Approves Cash Dividend, Payable on August 8, 2024Hiwin Mikrosystem Corporation announced at shareholders meeting held on May 30, 2024, the shareholders approved cash dividend of TWD 11,980,185. Ex-rights (ex-dividend) trading date is July 17, 2024. Ex-rights (ex-dividend) record date is July 23, 2024. Payment date of cash dividend distribution is August 08, 2023.
Reported Earnings • May 12First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.048 profit in 1Q 2023)First quarter 2024 results: NT$0.19 loss per share (down from NT$0.048 profit in 1Q 2023). Revenue: NT$453.9m (down 18% from 1Q 2023). Net loss: NT$23.3m (down NT$29.1m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • May 02Hiwin Mikrosystem Corporation to Report Q1, 2024 Results on May 10, 2024Hiwin Mikrosystem Corporation announced that they will report Q1, 2024 results on May 10, 2024
分析記事 • Apr 15There Are Reasons To Feel Uneasy About Hiwin Mikrosystem's (TWSE:4576) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
New Risk • Mar 29New 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 6.1% 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 (6.1% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin).
分析記事 • Mar 27There's Reason For Concern Over Hiwin Mikrosystem Corporation's (TWSE:4576) Massive 28% Price JumpHiwin Mikrosystem Corporation ( TWSE:4576 ) shareholders have had their patience rewarded with a 28% share price jump...
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: NT$0.04 (vs NT$2.73 in FY 2022)Full year 2023 results: EPS: NT$0.04 (down from NT$2.73 in FY 2022). Revenue: NT$2.17b (down 33% from FY 2022). Net income: NT$5.10m (down 98% from FY 2022). Profit margin: 0.2% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year.
お知らせ • Feb 28Hiwin Mikrosystem Corporation, Annual General Meeting, May 30, 2024Hiwin Mikrosystem Corporation, Annual General Meeting, May 30, 2024. Location: 4F., No.129, Anhe Rd.,Xitun Dist. Taichung City Taiwan Agenda: To consider the 2023 Business Report; to consider the 2023 Audit Committee’s Review Report; to consider the remuneration distribution of directors and employees for Year 2023; to consider the cause for convening the meeting Acknowledged matters: 2023 Business Report and Financial Statements; Proposal for Distribution of 2023 Profits; to discuss amendments to the Rules of Procedure for Shareholders Meetings; to consider the election of Directors; and to consider the other resolutions.
New Risk • Jul 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.3% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Jul 12Upcoming dividend of NT$1.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).
お知らせ • Jul 01Hiwin Mikrosystem Corporation Approves Cash Dividend, Payable on August 10, 2023Hiwin Mikrosystem Corporation announced at shareholders meeting held on June 30, 2023, the shareholders approved cash dividend of TWD 119,801,848. Ex-rights (ex-dividend) trading date is July 19, 2023. Ex-rights (ex-dividend) record date is July 25, 2023. Payment date of cash dividend distribution is August 10, 2023.
Reported Earnings • Feb 26Full year 2022 earnings released: EPS: NT$2.73 (vs NT$2.48 in FY 2021)Full year 2022 results: EPS: NT$2.73 (up from NT$2.48 in FY 2021). Revenue: NT$3.23b (up 1.4% from FY 2021). Net income: NT$326.9m (up 10% from FY 2021). Profit margin: 10% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chia-Heng Ku was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$0.55 (vs NT$0.81 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.55 (down from NT$0.81 in 3Q 2021). Revenue: NT$795.8m (down 5.3% from 3Q 2021). Net income: NT$66.3m (down 31% from 3Q 2021). Profit margin: 8.3% (down from 12% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$62.80, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 18% over the past three years.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.80 (vs NT$0.57 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.80 (up from NT$0.57 in 2Q 2021). Revenue: NT$861.1m (up 8.4% from 2Q 2021). Net income: NT$95.3m (up 39% from 2Q 2021). Profit margin: 11% (up from 8.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 13Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 20 July 2022. Payment date: 11 August 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (5.0%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.99 (vs NT$0.48 in 1Q 2021)First quarter 2022 results: EPS: NT$0.99 (up from NT$0.48 in 1Q 2021). Revenue: NT$856.4m (up 23% from 1Q 2021). Net income: NT$118.4m (up 106% from 1Q 2021). Profit margin: 14% (up from 8.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chia-Heng Ku was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$2.48 (up from NT$1.13 in FY 2020). Revenue: NT$3.18b (up 30% from FY 2020). Net income: NT$297.1m (up 120% from FY 2020). Profit margin: 9.3% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 26Hiwin Mikrosystem Corp., Annual General Meeting, May 31, 2022Hiwin Mikrosystem Corp., Annual General Meeting, May 31, 2022. Location: 4F, No.129, Anhe Rd,Xitun District Taichung Taiwan Agenda: To report the business of 2021; to consider Audit Committee's review report of 2021; to report 2021 employees' profit sharing and directors' compensation; to report 2021 cash dividends through earnings distribution; to accept 2021 Business Report and Financial Statements; to ratify 2021 earnings distribution; to discuss amendments to Articles of Incorporation; to discuss amendments to Procedures for Asset Acquisition & Disposal; and to release the directors from non-competition restrictions.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.81 (vs NT$0.32 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$840.1m (up 37% from 3Q 2020). Net income: NT$96.5m (up 155% from 3Q 2020). Profit margin: 12% (up from 6.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 13Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 20 August 2021. Payment date: 14 September 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (3.1%).
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.58 (vs NT$0.28 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$794.3m (up 25% from 2Q 2020). Net income: NT$68.6m (up 108% from 2Q 2020). Profit margin: 8.6% (up from 5.2% in 2Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$695.0m (up 25% from 1Q 2020). Net income: NT$57.4m (up 356% from 1Q 2020). Profit margin: 8.3% (up from 2.3% in 1Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Mar 23Full year 2020 earnings released: EPS NT$1.14 (vs NT$0.31 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.45b (up 20% from FY 2019). Net income: NT$135.2m (up 288% from FY 2019). Profit margin: 5.5% (up from 1.7% in FY 2019). The increase in margin was driven by higher revenue.
分析記事 • Mar 21These 4 Measures Indicate That Hiwin Mikrosystem (TPE:4576) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Feb 22Hiwin Mikrosystem Corp.'s (TPE:4576) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Most readers would already be aware that Hiwin Mikrosystem's (TPE:4576) stock increased significantly by 127% over the...
Is New 90 Day High Low • Feb 17New 90-day high: NT$146The company is up 91% from its price of NT$76.20 on 19 November 2020. The Taiwanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period.
分析記事 • Jan 25Does Hiwin Mikrosystem (TPE:4576) Have The Makings Of A Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Is New 90 Day High Low • Jan 21New 90-day high: NT$98.80The company is up 26% from its price of NT$78.20 on 23 October 2020. The Taiwanese market is up 21% 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.
分析記事 • Dec 28Does Hiwin Mikrosystem's (TPE:4576) Share Price Gain of 11% Match Its Business Performance?We believe investing is smart because history shows that stock markets go higher in the long term. But not every stock...
Is New 90 Day High Low • Dec 16New 90-day high: NT$93.50The company is up 21% from its price of NT$77.50 on 17 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period.
分析記事 • Nov 30Is Hiwin Mikrosystem (TPE:4576) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Is New 90 Day High Low • Nov 30New 90-day high: NT$80.90The company is up 4.0% from its price of NT$77.50 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period.
Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS NT$0.32The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$615.3m (up 31% from 3Q 2019). Net income: NT$37.8m (up NT$44.7m from 3Q 2019). Profit margin: 6.1% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue.
Is New 90 Day High Low • Oct 14New 90-day low: NT$71.60The company is down 12% from its price of NT$81.41 on 16 July 2020. The Taiwanese market is up 5.0% 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.
Is New 90 Day High Low • Sep 22New 90-day low: NT$75.60The company is down 5.0% from its price of NT$79.92 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period.