View Past PerformancePrimax Electronics バランスシートの健全性財務の健全性 基準チェック /66Primax Electronicsの総株主資本はNT$21.8B 、総負債はNT$4.1Bで、負債比率は18.6%となります。総資産と総負債はそれぞれNT$52.8BとNT$31.0Bです。 Primax Electronicsの EBIT はNT$2.8Bで、利息カバレッジ比率-12.7です。現金および短期投資はNT$13.4Bです。主要情報18.63%負債資本比率NT$4.06b負債インタレスト・カバレッジ・レシオ-12.7x現金NT$13.37bエクイティNT$21.80b負債合計NT$30.98b総資産NT$52.77b財務の健全性に関する最新情報分析記事 • Dec 10Primax Electronics (TWSE:4915) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Mar 01These 4 Measures Indicate That Primax Electronics (TPE:4915) Is Using Debt Reasonably WellDavid 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 updatesDeclared Dividend • Jun 06Dividend increased to NT$4.57Dividend of NT$4.57 is 8.7% higher than last year. Ex-date: 29th June 2026 Payment date: 21st July 2026 Dividend yield will be 5.9%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) and the company has 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 8.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.1% to bring the payout ratio under control. EPS is expected to grow by 15% over the next year, which is sufficient to bring the dividend into a sustainable range.お知らせ • Jun 05Primax Electronics Ltd. to Report Q3, 2026 Results on Nov 05, 2026Primax Electronics Ltd. announced that they will report Q3, 2026 results on Nov 05, 2026お知らせ • May 28Primax Electronics Showcases Next-Generation AI Robotics Applications With MediaTek At Computex 2026Primax Electronics Ltd. showcased next-generation AI robotics applications together with MediaTek at the MediaTek booth during COMPUTEX 2026. The joint demonstration highlights the latest progress in the two companies' strategic cooperation in Edge AI and intelligent robotics, bringing together Primax's multi-sensor fusion capabilities and the MediaTek Genio AIoT platform to support real-world robot deployment in commercial and industrial environments. Built around Primax's AISF technology architecture, the collaboration integrates Edge AI, vision, audio, interface, and edge computing capabilities with the high-performance, low-power AI edge computing support of the MediaTek Genio AIoT platform. The solution enables robots to achieve low-latency perception, autonomous interaction, and real-time environmental understanding without relying on cloud connectivity, strengthening the application potential of intelligent robotics in complex operating environments. At COMPUTEX 2026, the joint demonstration will focus on two key application areas: food and beverage service, and factory automation. In food and beverage service scenarios, robots integrate LiDAR, VSLAM, and multiple AI vision sensing technologies to support narrow-aisle navigation, intelligent obstacle avoidance, and modular task-platform switching. These capabilities enable greater flexibility in dynamic service environments while improving operational efficiency and service performance. In factory and logistics applications, the demonstration features high-payload transportation, AI vision-based personnel following, and interface technologies that enhance autonomous transport efficiency and workplace safety. These applications demonstrate how AISF technology can support scalable deployment in industrial environments where real-time sensing, movement, and decision-making are essential.New Risk • May 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 91% The company is paying a dividend despite having no free cash flows. Dividend yield: 6.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio).New Risk • May 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 08First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.61 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$1.61 in 1Q 2025). Revenue: NT$15.9b (up 7.8% from 1Q 2025). Net income: NT$600.1m (down 19% from 1Q 2025). Profit margin: 3.8% (down from 5.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year.お知らせ • Feb 26Primax Electronics Ltd., Annual General Meeting, May 29, 2026Primax Electronics Ltd., Annual General Meeting, May 29, 2026. Location: 4 floor no,2, hsu chou rd., jhongjheng district, taipei city TaiwanReported Earnings • Feb 26Full year 2025 earnings released: EPS: NT$5.71 (vs NT$5.61 in FY 2024)Full year 2025 results: EPS: NT$5.71 (up from NT$5.61 in FY 2024). Revenue: NT$60.2b (up 3.3% from FY 2024). Net income: NT$2.63b (up 2.7% from FY 2024). Profit margin: 4.4% (in line with FY 2024). Revenue is forecast to grow 8.2% 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 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Feb 06Now 21% overvaluedOver the last 90 days, the stock has fallen 7.6% to NT$80.80. The fair value is estimated to be NT$66.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.お知らせ • Feb 03Primax Electronics Ltd. together with Tymphany and Peerless to Showcase AI Sensor Fusion-Driven Conferencing and Professional Audio Systems At ISE 2026Primax Electronics Ltd., together with Tymphany and Peerless, announced its participation at ISE 2026, where the Primax Tymphany Group will showcase how AI Sensor Fusion (AISF) is enabling smarter, more integrated conferencing and professional audio experiences through system-level innovation. As the Pro AV industry evolves toward AI-enabled and multi-sensory experiences, Primax Tymphany Group is advancing AISF by unifying audio, vision, interface, and edge intelligence to support more responsive performance in real-world environments. By bringing multiple sensing inputs together at the edge, AISF helps enable more natural interactions, improved reliability, and faster integration for partners developing next-generation solutions. At ISE 2026, the Group will highlight a portfolio of AISF-ready building blocks designed to help partners accelerate product development--from key sensing modules to system-level design support--enabling a more efficient path from concept to application-ready solutions. Visitors will also explore how the Group's integrated approach supports scalable product design across different conferencing and professional audio use cases. The Group's professional audio foundation is anchored by Tymphany's system-level audio technologies and reinforced by Peerless's transducer engineering expertise. In 2026, Peerless marks its 100-year milestone, reflecting a century of acoustic innovation that continues to shape high-performance, scalable audio system design. At the Primax Group booth, visitors will also explore key building blocks behind AI-enabled, multi-sensory solutions, including camera modules and supporting system components. Partners interested in a deeper discussions are welcome to book a session at the booth or contact the Primax team in advance to arrange a dedicated experience.Buy Or Sell Opportunity • Jan 07Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.1% to NT$79.10. The fair value is estimated to be NT$65.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.お知らせ • Dec 19+ 2 more updatesPrimax Electronics Ltd. to Report Q2, 2026 Results on Aug 06, 2026Primax Electronics Ltd. announced that they will report Q2, 2026 results on Aug 06, 2026Buy Or Sell Opportunity • Dec 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 1.9% to NT$78.90. The fair value is estimated to be NT$65.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.Reported Earnings • Nov 09Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: NT$1.55 (down from NT$1.70 in 3Q 2024). Revenue: NT$15.9b (flat on 3Q 2024). Net income: NT$711.7m (down 7.9% from 3Q 2024). Profit margin: 4.5% (down from 4.8% in 3Q 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.ナラティブの更新 • Nov 014915: Edge AI Camera Partnership And Supply Execution Will Balance Risks And OpportunitiesNarrative Update: Primax Electronics Analyst Price Target Revision Analysts have slightly raised their price target for Primax Electronics, increasing it from $85.63 to $86.30. This adjustment reflects marginal improvements in projected revenue growth and a modest reduction in the discount rate.ナラティブの更新 • Oct 18Automotive And AIoT Expansion Will Shape A Resilient FutureAnalysts have adjusted their fair value estimate for Primax Electronics downward from $90.51 to $85.63. They cite a modest reduction in projected revenue growth and profit margins as key reasons for the revised outlook.Buy Or Sell Opportunity • Oct 13Now 20% undervaluedOver the last 90 days, the stock has risen 4.7% to NT$76.20. The fair value is estimated to be NT$95.44, 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 grow by 5.0% in a year. Earnings are forecast to grow by 7.2% in the next year.Buy Or Sell Opportunity • Sep 15Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to NT$77.20. The fair value is estimated to be NT$96.54, 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 grow by 5.0% in a year. Earnings are forecast to grow by 7.2% in the next year.新しいナラティブ • Sep 07Automotive And AIoT Expansion Will Shape A Resilient FutureKey Takeaways Growth in automotive and AIoT, product innovation, and focus on high-value segments drive resilient revenue and sustained margin expansion. Increased integration, cost savings, and strong customer relationships enhance profitability and ensure predictable long-term growth.Reported Earnings • Aug 13Second quarter 2025 earnings: EPS in line with expectations, revenues disappointSecond quarter 2025 results: EPS: NT$1.60 (in line with 2Q 2024). Revenue: NT$14.6b (down 5.1% from 2Q 2024). Net income: NT$733.5m (flat on 2Q 2024). Profit margin: 5.0% (up from 4.7% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year.Buy Or Sell Opportunity • Aug 02Now 21% overvaluedOver the last 90 days, the stock has fallen 3.5% to NT$73.50. The fair value is estimated to be NT$60.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 2.5% in a year. Earnings are forecast to grow by 5.5% in the next year.お知らせ • Jun 05Primax Electronics Ltd. Announces Cash Dividend, Payable on July 18 , 2025Primax Electronics Ltd. announced cash dividend of TWD 4.20137534 per share or total TWD 1,963,007,861. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 03, 2025. Ex-rights (ex-dividend) trading date: June 19, 2025. Ex-rights (ex-dividend) record date: June 27, 2025. Payment date of common stock cash dividend distribution: July 18, 2025. Due to the recall of RSA, the number of outstanding common shares changed. In accordance with the resolution of Board of Directors meeting held on June 03, 2025, Chairman was authorized to adjust the cash dividend ratio. Original Cash dividend was TWD 1,963,007,861, each common share is entitled to receive TWD 4.2.Declared Dividend • Jun 05Dividend increased to NT$4.20Dividend of NT$4.20 is 5.0% higher than last year. Ex-date: 19th June 2025 Payment date: 18th July 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$1.61 (up from NT$1.28 in 1Q 2024). Revenue: NT$14.8b (up 8.2% from 1Q 2024). Net income: NT$739.8m (up 27% from 1Q 2024). Profit margin: 5.0% (up from 4.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 22% to NT$60.80. The fair value is estimated to be NT$77.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.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$67.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$77.50 per share.Reported Earnings • Mar 03Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$5.61 (up from NT$5.50 in FY 2023). Revenue: NT$58.2b (down 3.7% from FY 2023). Net income: NT$2.56b (up 2.9% from FY 2023). Profit margin: 4.4% (up from 4.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 6.0%. Revenue is forecast to grow 7.8% 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 increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 27+ 1 more updatePrimax Electronics Ltd., Annual General Meeting, May 23, 2025Primax Electronics Ltd., Annual General Meeting, May 23, 2025, at 09:00 Taipei Standard Time. Location: 4 floor no,2, hsu chou rd., jhongjheng district, taipei city TaiwanReported Earnings • Dec 29Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: NT$1.70 (up from NT$1.63 in 3Q 2023). Revenue: NT$16.0b (up 1.8% from 3Q 2023). Net income: NT$772.9m (up 4.9% from 3Q 2023). Profit margin: 4.8% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Dec 20+ 6 more updatesPrimax Electronics Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025Primax Electronics Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025分析記事 • Dec 10Primax Electronics (TWSE:4915) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Nov 14We Like Primax Electronics' (TWSE:4915) Earnings For More Than Just Statutory ProfitPrimax Electronics Ltd.'s ( TWSE:4915 ) solid earnings announcement recently didn't do much to the stock price. Our...Reported Earnings • Nov 11Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: NT$1.70 (up from NT$1.63 in 3Q 2023). Revenue: NT$16.0b (up 1.8% from 3Q 2023). Net income: NT$772.9m (up 4.9% from 3Q 2023). Profit margin: 4.8% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Oct 28Little Excitement Around Primax Electronics Ltd.'s (TWSE:4915) EarningsWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 22x, you may consider...分析記事 • Sep 30Is There An Opportunity With Primax Electronics Ltd.'s (TWSE:4915) 42% Undervaluation?Key Insights Using the 2 Stage Free Cash Flow to Equity, Primax Electronics fair value estimate is NT$159 Current share...お知らせ • Aug 29Primax Unveils Advanced HOC Miniature Camera ModulePrimax Electronics Ltd. announced its innovative HOC (Holder on Chip) miniature camera module. This breakthrough product is engineered to meet clients seeking superior camera solutions for their products. The global camera module market is witnessing remarkable growth, with a projected expansion at a CAGR of 10.4%, reaching over USD 86.63 billion by 2031, according to Transparency Market Research (2023). This surge is fueled by the rapid advancement of technology and an escalating demand for more immersive experiences in consumer electronics and automotive systems. As consumers seek products that offer enhanced functionality, miniaturization, and multi-functionality, the need for advanced, compact, and high-performance camera modules has become more pressing, highlighting the relevance and potential impact of Primax's HOC miniature camera module. Primax's HOC miniature camera module addresses these market demands by leveraging laser cutting techniques and multifunctional adhesives. The HOC module delivers a unique combination of durability, high image quality, and significantly reduced dimensions. These innovations ensure that Primax remains at the forefront of camera module technology, providing clients with customized solutions tailored to their specific requirements and ensuring seamless integration into their products. Primax's dedicated R&D team, composed of optical engineers, material scientists, and electronic engineers, continuously drives the innovation and optimization of this product. Significant investments in equipment and ongoing training ensure that Primax stays ahead in the industry. Primax's rigorous quality control measures meet or exceed industry standards. Every stage of the production process, from raw material inspection to final product testing, is meticulously monitored to ensure superior reliability and performance. The versatile HOC miniature camera module is suitable for a wide range of applications, including: Drone Photography: Lightweight and compact, improving flight efficiency and image quality. Medical Equipment: High-definition imaging for medical devices, maintaining a miniaturized design. Home Security Systems: Discreet design with high-quality imaging for security cameras. Smartphone Camera Modules: Enhanced image quality and performance in a reduced size. Wearable Devices: High-quality imaging for compact devices like smartwatches and AR/VR glasses.分析記事 • Aug 28Primax Electronics' (TWSE:4915) Returns Have Hit A WallFinding 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 • Aug 10Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$1.60 (up from NT$1.55 in 2Q 2023). Revenue: NT$15.4b (down 4.3% from 2Q 2023). Net income: NT$727.3m (up 4.0% from 2Q 2023). Profit margin: 4.7% (up from 4.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Jul 30Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$61.8b to NT$61.1b. EPS estimate also fell from NT$7.31 per share to NT$6.35 per share. Net income forecast to grow 16% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$105. Share price fell 3.7% to NT$89.50 over the past week.New Risk • Jul 24New 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 6.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change).Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$96.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$97.33 per share.Major Estimate Revision • Jun 14Consensus EPS estimates increase by 17%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$6.25 to NT$7.31. Revenue forecast unchanged at NT$61.8b. Net income forecast to grow 18% next year vs 26% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$103 to NT$106. Share price rose 2.8% to NT$111 over the past week.Upcoming Dividend • Jun 13Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 20 June 2024. Payment date: 18 July 2024. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.8%).分析記事 • May 30Estimating The Intrinsic Value Of Primax Electronics Ltd. (TWSE:4915)Key Insights Using the 2 Stage Free Cash Flow to Equity, Primax Electronics fair value estimate is NT$96.16 With...お知らせ • May 26Primax Electronics Ltd. Announces Change of Chairperson and Vice Chairperson, Effective May 24, 2024Primax Electronics Ltd. announced change of chairperson and vice chairperson, effective May 24, 2024. Name of the previous position holder: chairperson: Duh, Jia-Bin; vice chairperson: Pan, Yung-Tai. Name of the new position holder: chairperson: Pan, Yung-Chung; vice chairperson: Pan, Yung-Tai.お知らせ • May 25+ 1 more updatePrimax Electronics Ltd. Approves Board ChangesPrimax Electronics Ltd. announced at annual general meeting held on May 24, 2024, the shareholders approved board changes. Title and name of the previous position holder: Cheng, Chih-Kai and Shen, Ying-Chuan as Independent Directors of the company. Resume of the previous position holders: Independent Directors of the company. Title and name of the new position holder: Huang, Shiou-Chuan and Lai, Fei-Pei. Resume of the new position holder: Huang, Shiou-Chuan; Chairman of VIZIONFOCUS INC. Lai, Fei-Pei; Professor of Department of Computer Science & Information Engineering and Department of Electrical Engineering, NTU. Effective date of the new appointment: May 24, 2024.Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$1.28 (vs NT$1.23 in 1Q 2023)First quarter 2024 results: EPS: NT$1.28 (up from NT$1.23 in 1Q 2023). Revenue: NT$13.6b (down 7.0% from 1Q 2023). Net income: NT$581.4m (up 4.8% from 1Q 2023). Profit margin: 4.3% (up from 3.8% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Apr 30Returns At Primax Electronics (TWSE:4915) Appear To Be Weighed DownTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...お知らせ • Apr 03Primax Electronics Ltd. Unveils Comprehensive Range of Next-Gen Surveillance and Advanced Door LocksPrimax Electronics Ltd. extends an invitation to attendees to discover the latest advancements showcasing from April 9th to 12th, 2024. This event is a unique chance to witness pioneering solutions designed to bolster security and enhance user convenience. Coinciding with the 2024 ISC West Expo in Las Vegas, Primax will showcase its latest security innovations near the event venue. This initiative, underscores Primax's commitment to advancing industry safety and technology. This year's exhibit showcases an array of smart security devices, emphasizing the company's dedication to providing a one stop, customized technological solutions. Each product exemplifies their commitment to address the varied requirements of clients with innovative and precise solutions. Featured highlights include: The Latest in Barrier Security for Private and Public Spaces: Primax's advanced sensor fusion technology seamlessly combines customizable AI-driven cameras with radar systems to deliver top-tier multi-object tracking and detection from the likes of vehicles, people, motorcycles, and bikes, ensuring adaptability, reliability, and accuracy for numerous applications. Equipped with a 4X ARM Cortex-A53 processor and an integrated AI engine, the company's new technology showcases a commitment to high performance and smart functionality. With 8MP CMOS image sensors for superior image quality and dual-frequency mmWave radar for enhanced detection, it supports advanced features like outdoor virtual fences and multi-threat detection, with reliable operation in challenging weather conditions. Another solution from Primax transcends traditional security measures by focusing on designs that cater specifically to discreet elderly care, with the use of its pioneering cameraless radar technology for true privacy. Primax's innovative approach also encompasses advanced fall detection, presence monitoring, safety virtual fencing, and instant alert features, significantly enhancing safety and care standards. These systems ensure easy installation and smooth network integration with ONVIF profiles, compatible with diverse power and connectivity protocols, including Power over Ethernet, facilitating straightforward incorporation into existing infrastructures. Advanced 3D Facial Authentication Door Access Controls | MATTER Complied: Primax specializes in creating cutting-edge security technologies for access control. The company integrates high-precision 3D AI facial recognition for identity authentication, along with NFC and PIN code access for secure and varied entry methods. These technologies are designed to provide efficient and reliable user access in different scenarios. The products are engineered to be weather-resistant and incorporate anti-spoofing features to prevent unauthorized entry. Energy management is also a focus, with devices capable of utilizing rechargeable batteries for consistent power supply. In terms of connectivity, expect Wi-Fi 6, Bluetooth 5.0, and Matter, ensuring compatibility with existing smart home and office networks. The systems facilitate remote management of user access and provide two-way audio for communication, enhancing security protocols. Primax offers straightforward installations and ease of use, offering in-stride authentication and the option for remote user enrollment.分析記事 • Mar 21Primax Electronics Ltd.'s (TWSE:4915) Shares Bounce 26% But Its Business Still Trails The MarketDespite an already strong run, Primax Electronics Ltd. ( TWSE:4915 ) shares have been powering on, with a gain of 26...お知らせ • Feb 27+ 1 more updatePrimax Electronics Ltd., Annual General Meeting, May 24, 2024Primax Electronics Ltd., Annual General Meeting, May 24, 2024. Location: 4F No. 2, Xuzhou Road, Zhongzheng District 100 Taipei City Taiwan Agenda: To consider the Company's 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to Distribution of employees' and directors' compensation in 2023; to consider the Company's 2023 business report and financial statements; and to discuss other matters.Reported Earnings • Feb 27Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$5.50 (down from NT$6.10 in FY 2022). Revenue: NT$60.5b (down 24% from FY 2022). Net income: NT$2.49b (down 9.4% from FY 2022). Profit margin: 4.1% (up from 3.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 2.0%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year.Price Target Changed • Feb 23Price target increased by 11% to NT$78.08Up from NT$70.09, the current price target is an average from 7 analysts. New target price is 7.8% above last closing price of NT$72.40. Stock is up 21% over the past year. The company is forecast to post earnings per share of NT$5.61 for next year compared to NT$6.10 last year.Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$1.55 (vs NT$1.58 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.55 (down from NT$1.58 in 2Q 2022). Revenue: NT$16.1b (down 21% from 2Q 2022). Net income: NT$699.2m (down 1.7% from 2Q 2022). Profit margin: 4.4% (up from 3.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year.Upcoming Dividend • Jun 27Upcoming dividend of NT$3.90 per share at 6.1% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).お知らせ • Jun 03Primax Electronics Ltd. Announces Cash Dividend, Payable on July 28, 2023Primax Electronics Ltd. announced cash dividends total TWD 1,791,793,864 and the per share dividends to be distributed are TWD 3.9. Ex-rights (ex-dividend) trading date is July 04, 2023; Ex-rights (ex-dividend) record date is July 10, 2023; Payment date of cash dividend distribution is July 28, 2023.お知らせ • May 25Primax Electronics Ltd. Announces Change of the Nomination Committee Member and Risk Management Committee MemberPrimax Electronics Ltd. announced change of the Nomination Committee member and Risk Management Committee member. Name of the previous position holder: Liang, Li-Sheng. Circumstances of change: resignation.Major Estimate Revision • May 12Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$76.9b to NT$68.1b. EPS estimate fell from NT$6.70 to NT$5.99 per share. Net income forecast to shrink 2.1% next year vs 14% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$65.91 to NT$69.60. Share price was steady at NT$61.80 over the past week.お知らせ • May 10Primax Electronics Ltd. Appoints Jiabin Duh as General Manager, Effective June 1, 2023Primax Electronics Ltd. announced the appointment of Jiabin Duh as general manager, effective June 1, 2023. Resume of the new position holder: The company's CSO.Reported Earnings • Feb 26Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: NT$6.10 (up from NT$5.13 in FY 2021). Revenue: NT$79.2b (up 11% from FY 2021). Net income: NT$2.74b (up 19% from FY 2021). Profit margin: 3.5% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.お知らせ • Nov 19+ 1 more updatePrimax Electronics Ltd. Announces Resignation of Duh, Jia-Bin as Audit Committee Member,Remuneration Committee Member, Nomination Committee Member and Risk Management Committee MemberPrimax Electronics Ltd. announced Resignation of Duh, Jia-Bin as Audit Committee, Remuneration Committee, Nomination Committee and Risk Management Committee.Price Target Changed • Nov 16Price target decreased to NT$66.77Down from NT$78.00, the current price target is an average from 7 analysts. New target price is 20% above last closing price of NT$55.70. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of NT$6.17 for next year compared to NT$5.13 last year.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Director Jia-Qi Wang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$1.95 (vs NT$1.50 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.95 (up from NT$1.50 in 3Q 2021). Revenue: NT$22.3b (up 26% from 3Q 2021). Net income: NT$877.6m (up 31% from 3Q 2021). Profit margin: 3.9% (up from 3.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 02Price target decreased to NT$71.57Down from NT$78.00, the current price target is an average from 7 analysts. New target price is 35% above last closing price of NT$53.20. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of NT$6.20 for next year compared to NT$5.13 last year.Reported Earnings • Aug 07Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: NT$1.58 (up from NT$1.37 in 2Q 2021). Revenue: NT$20.3b (up 23% from 2Q 2021). Net income: NT$711.1m (up 16% from 2Q 2021). Profit margin: 3.5% (down from 3.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 11%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year.Board Change • Aug 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. Independent Director Jia-Qi Wang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Price Target Changed • Jul 31Price target increased to NT$76.57Up from NT$70.50, the current price target is an average from 7 analysts. New target price is 9.7% above last closing price of NT$69.80. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$6.18 for next year compared to NT$5.13 last year.Buying Opportunity • Jul 26Now 21% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be NT$81.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.9%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 34% in the next 2 years.Board Change • Jul 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. Independent Director Jia-Qi Wang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Upcoming Dividend • Jun 16Upcoming dividend of NT$3.10 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.3%).Reported Earnings • May 08First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$1.23 (up from NT$1.13 in 1Q 2021). Revenue: NT$17.9b (up 4.3% from 1Q 2021). Net income: NT$552.3m (up 9.3% from 1Q 2021). Profit margin: 3.1% (up from 2.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 13%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Mar 03Primax Electronics Ltd., Annual General Meeting, May 26, 2022Primax Electronics Ltd., Annual General Meeting, May 26, 2022.Reported Earnings • Feb 27Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$5.13 (up from NT$4.31 in FY 2020). Revenue: NT$71.6b (up 5.0% from FY 2020). Net income: NT$2.30b (up 20% from FY 2020). Profit margin: 3.2% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 6.6%, compared to a 9.3% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS NT$1.50 (vs NT$1.73 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$17.7b (down 6.5% from 3Q 2020). Net income: NT$671.8m (down 13% from 3Q 2020). Profit margin: 3.8% (down from 4.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.37 (vs NT$1.13 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$16.4b (up 1.2% from 2Q 2020). Net income: NT$611.1m (up 22% from 2Q 2020). Profit margin: 3.7% (up from 3.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Upcoming Dividend • Aug 02Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 10 September 2021. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (5.2%).Reported Earnings • May 07First quarter 2021 earnings released: EPS NT$1.13 (vs NT$0.62 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$17.2b (up 27% from 1Q 2020). Net income: NT$505.2m (up 83% from 1Q 2020). Profit margin: 2.9% (up from 2.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.Price Target Changed • May 07Price target increased to NT$72.20Up from NT$66.80, the current price target is an average from 4 analysts. New target price is 26% above last closing price of NT$57.40. Stock is up 20% over the past year.分析記事 • Apr 27Should You Think About Buying Primax Electronics Ltd. (TPE:4915) Now?Primax Electronics Ltd. ( TPE:4915 ), is not the largest company out there, but it saw a double-digit share price rise...分析記事 • Mar 29Here's What To Make Of Primax Electronics' (TPE:4915) Decelerating Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Mar 16Does It Make Sense To Buy Primax Electronics Ltd. (TPE:4915) For Its Yield?Dividend paying stocks like Primax Electronics Ltd. ( TPE:4915 ) tend to be popular with investors, and for good reason...分析記事 • Mar 01These 4 Measures Indicate That Primax Electronics (TPE:4915) Is Using Debt Reasonably WellDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analyst Estimate Surprise Post Earnings • Feb 28Revenue beats expectationsRevenue exceeded analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 5.4%, compared to a 5.6% growth forecast for the Tech industry in Taiwan.お知らせ • Feb 27Primax Electronics Ltd., Annual General Meeting, May 28, 2021Primax Electronics Ltd., Annual General Meeting, May 28, 2021. Location: 4F No. 2, Xuzhou Road Zhongzheng District 100 Taipei City Taiwan Agenda: To consider the company's 2020 business report, audit committee's review report on the 2020 financial statements; to consider company's 2020 distribution of earnings ; to consider amendments to the company's Articles of Incorporation; to consider and approve the issuance of restricted employee stock awards; to consider and approve the election of all directors; and to consider and approve other business.Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$4.30 (vs NT$4.80 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$68.2b (down 15% from FY 2019). Net income: NT$1.92b (down 10% from FY 2019). Profit margin: 2.8% (up from 2.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 20New 90-day high: NT$65.40The company is up 37% from its price of NT$47.85 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$38.15 per share.財務状況分析短期負債: 4915の 短期資産 ( NT$37.6B ) が 短期負債 ( NT$27.4B ) を超えています。長期負債: 4915の短期資産 ( NT$37.6B ) が 長期負債 ( NT$3.6B ) 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: 4915総負債よりも多くの現金を保有しています。負債の削減: 4915の負債対資本比率は、過去 5 年間で63.5%から18.6%に減少しました。債務返済能力: 4915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 ( 56.8% )。インタレストカバレッジ: 4915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2026/06/10 18:24終値2026/06/10 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Primax Electronics Ltd. 4 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。9 アナリスト機関Aaron WuBarclaysCarrie LiuCitigroup IncCiti ResearchCitigroup Inc6 その他のアナリストを表示
分析記事 • Dec 10Primax Electronics (TWSE:4915) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Mar 01These 4 Measures Indicate That Primax Electronics (TPE:4915) Is Using Debt Reasonably WellDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Declared Dividend • Jun 06Dividend increased to NT$4.57Dividend of NT$4.57 is 8.7% higher than last year. Ex-date: 29th June 2026 Payment date: 21st July 2026 Dividend yield will be 5.9%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) and the company has 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 8.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.1% to bring the payout ratio under control. EPS is expected to grow by 15% over the next year, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Jun 05Primax Electronics Ltd. to Report Q3, 2026 Results on Nov 05, 2026Primax Electronics Ltd. announced that they will report Q3, 2026 results on Nov 05, 2026
お知らせ • May 28Primax Electronics Showcases Next-Generation AI Robotics Applications With MediaTek At Computex 2026Primax Electronics Ltd. showcased next-generation AI robotics applications together with MediaTek at the MediaTek booth during COMPUTEX 2026. The joint demonstration highlights the latest progress in the two companies' strategic cooperation in Edge AI and intelligent robotics, bringing together Primax's multi-sensor fusion capabilities and the MediaTek Genio AIoT platform to support real-world robot deployment in commercial and industrial environments. Built around Primax's AISF technology architecture, the collaboration integrates Edge AI, vision, audio, interface, and edge computing capabilities with the high-performance, low-power AI edge computing support of the MediaTek Genio AIoT platform. The solution enables robots to achieve low-latency perception, autonomous interaction, and real-time environmental understanding without relying on cloud connectivity, strengthening the application potential of intelligent robotics in complex operating environments. At COMPUTEX 2026, the joint demonstration will focus on two key application areas: food and beverage service, and factory automation. In food and beverage service scenarios, robots integrate LiDAR, VSLAM, and multiple AI vision sensing technologies to support narrow-aisle navigation, intelligent obstacle avoidance, and modular task-platform switching. These capabilities enable greater flexibility in dynamic service environments while improving operational efficiency and service performance. In factory and logistics applications, the demonstration features high-payload transportation, AI vision-based personnel following, and interface technologies that enhance autonomous transport efficiency and workplace safety. These applications demonstrate how AISF technology can support scalable deployment in industrial environments where real-time sensing, movement, and decision-making are essential.
New Risk • May 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 91% The company is paying a dividend despite having no free cash flows. Dividend yield: 6.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio).
New Risk • May 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 08First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.61 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$1.61 in 1Q 2025). Revenue: NT$15.9b (up 7.8% from 1Q 2025). Net income: NT$600.1m (down 19% from 1Q 2025). Profit margin: 3.8% (down from 5.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year.
お知らせ • Feb 26Primax Electronics Ltd., Annual General Meeting, May 29, 2026Primax Electronics Ltd., Annual General Meeting, May 29, 2026. Location: 4 floor no,2, hsu chou rd., jhongjheng district, taipei city Taiwan
Reported Earnings • Feb 26Full year 2025 earnings released: EPS: NT$5.71 (vs NT$5.61 in FY 2024)Full year 2025 results: EPS: NT$5.71 (up from NT$5.61 in FY 2024). Revenue: NT$60.2b (up 3.3% from FY 2024). Net income: NT$2.63b (up 2.7% from FY 2024). Profit margin: 4.4% (in line with FY 2024). Revenue is forecast to grow 8.2% 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 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Feb 06Now 21% overvaluedOver the last 90 days, the stock has fallen 7.6% to NT$80.80. The fair value is estimated to be NT$66.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.
お知らせ • Feb 03Primax Electronics Ltd. together with Tymphany and Peerless to Showcase AI Sensor Fusion-Driven Conferencing and Professional Audio Systems At ISE 2026Primax Electronics Ltd., together with Tymphany and Peerless, announced its participation at ISE 2026, where the Primax Tymphany Group will showcase how AI Sensor Fusion (AISF) is enabling smarter, more integrated conferencing and professional audio experiences through system-level innovation. As the Pro AV industry evolves toward AI-enabled and multi-sensory experiences, Primax Tymphany Group is advancing AISF by unifying audio, vision, interface, and edge intelligence to support more responsive performance in real-world environments. By bringing multiple sensing inputs together at the edge, AISF helps enable more natural interactions, improved reliability, and faster integration for partners developing next-generation solutions. At ISE 2026, the Group will highlight a portfolio of AISF-ready building blocks designed to help partners accelerate product development--from key sensing modules to system-level design support--enabling a more efficient path from concept to application-ready solutions. Visitors will also explore how the Group's integrated approach supports scalable product design across different conferencing and professional audio use cases. The Group's professional audio foundation is anchored by Tymphany's system-level audio technologies and reinforced by Peerless's transducer engineering expertise. In 2026, Peerless marks its 100-year milestone, reflecting a century of acoustic innovation that continues to shape high-performance, scalable audio system design. At the Primax Group booth, visitors will also explore key building blocks behind AI-enabled, multi-sensory solutions, including camera modules and supporting system components. Partners interested in a deeper discussions are welcome to book a session at the booth or contact the Primax team in advance to arrange a dedicated experience.
Buy Or Sell Opportunity • Jan 07Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.1% to NT$79.10. The fair value is estimated to be NT$65.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.
お知らせ • Dec 19+ 2 more updatesPrimax Electronics Ltd. to Report Q2, 2026 Results on Aug 06, 2026Primax Electronics Ltd. announced that they will report Q2, 2026 results on Aug 06, 2026
Buy Or Sell Opportunity • Dec 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 1.9% to NT$78.90. The fair value is estimated to be NT$65.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.
Reported Earnings • Nov 09Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: NT$1.55 (down from NT$1.70 in 3Q 2024). Revenue: NT$15.9b (flat on 3Q 2024). Net income: NT$711.7m (down 7.9% from 3Q 2024). Profit margin: 4.5% (down from 4.8% in 3Q 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
ナラティブの更新 • Nov 014915: Edge AI Camera Partnership And Supply Execution Will Balance Risks And OpportunitiesNarrative Update: Primax Electronics Analyst Price Target Revision Analysts have slightly raised their price target for Primax Electronics, increasing it from $85.63 to $86.30. This adjustment reflects marginal improvements in projected revenue growth and a modest reduction in the discount rate.
ナラティブの更新 • Oct 18Automotive And AIoT Expansion Will Shape A Resilient FutureAnalysts have adjusted their fair value estimate for Primax Electronics downward from $90.51 to $85.63. They cite a modest reduction in projected revenue growth and profit margins as key reasons for the revised outlook.
Buy Or Sell Opportunity • Oct 13Now 20% undervaluedOver the last 90 days, the stock has risen 4.7% to NT$76.20. The fair value is estimated to be NT$95.44, 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 grow by 5.0% in a year. Earnings are forecast to grow by 7.2% in the next year.
Buy Or Sell Opportunity • Sep 15Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to NT$77.20. The fair value is estimated to be NT$96.54, 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 grow by 5.0% in a year. Earnings are forecast to grow by 7.2% in the next year.
新しいナラティブ • Sep 07Automotive And AIoT Expansion Will Shape A Resilient FutureKey Takeaways Growth in automotive and AIoT, product innovation, and focus on high-value segments drive resilient revenue and sustained margin expansion. Increased integration, cost savings, and strong customer relationships enhance profitability and ensure predictable long-term growth.
Reported Earnings • Aug 13Second quarter 2025 earnings: EPS in line with expectations, revenues disappointSecond quarter 2025 results: EPS: NT$1.60 (in line with 2Q 2024). Revenue: NT$14.6b (down 5.1% from 2Q 2024). Net income: NT$733.5m (flat on 2Q 2024). Profit margin: 5.0% (up from 4.7% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year.
Buy Or Sell Opportunity • Aug 02Now 21% overvaluedOver the last 90 days, the stock has fallen 3.5% to NT$73.50. The fair value is estimated to be NT$60.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 2.5% in a year. Earnings are forecast to grow by 5.5% in the next year.
お知らせ • Jun 05Primax Electronics Ltd. Announces Cash Dividend, Payable on July 18 , 2025Primax Electronics Ltd. announced cash dividend of TWD 4.20137534 per share or total TWD 1,963,007,861. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 03, 2025. Ex-rights (ex-dividend) trading date: June 19, 2025. Ex-rights (ex-dividend) record date: June 27, 2025. Payment date of common stock cash dividend distribution: July 18, 2025. Due to the recall of RSA, the number of outstanding common shares changed. In accordance with the resolution of Board of Directors meeting held on June 03, 2025, Chairman was authorized to adjust the cash dividend ratio. Original Cash dividend was TWD 1,963,007,861, each common share is entitled to receive TWD 4.2.
Declared Dividend • Jun 05Dividend increased to NT$4.20Dividend of NT$4.20 is 5.0% higher than last year. Ex-date: 19th June 2025 Payment date: 18th July 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$1.61 (up from NT$1.28 in 1Q 2024). Revenue: NT$14.8b (up 8.2% from 1Q 2024). Net income: NT$739.8m (up 27% from 1Q 2024). Profit margin: 5.0% (up from 4.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Apr 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 22% to NT$60.80. The fair value is estimated to be NT$77.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 33% in the next 2 years.
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$67.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$77.50 per share.
Reported Earnings • Mar 03Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$5.61 (up from NT$5.50 in FY 2023). Revenue: NT$58.2b (down 3.7% from FY 2023). Net income: NT$2.56b (up 2.9% from FY 2023). Profit margin: 4.4% (up from 4.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 6.0%. Revenue is forecast to grow 7.8% 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 increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 27+ 1 more updatePrimax Electronics Ltd., Annual General Meeting, May 23, 2025Primax Electronics Ltd., Annual General Meeting, May 23, 2025, at 09:00 Taipei Standard Time. Location: 4 floor no,2, hsu chou rd., jhongjheng district, taipei city Taiwan
Reported Earnings • Dec 29Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: NT$1.70 (up from NT$1.63 in 3Q 2023). Revenue: NT$16.0b (up 1.8% from 3Q 2023). Net income: NT$772.9m (up 4.9% from 3Q 2023). Profit margin: 4.8% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Dec 20+ 6 more updatesPrimax Electronics Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025Primax Electronics Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025
分析記事 • Dec 10Primax Electronics (TWSE:4915) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Nov 14We Like Primax Electronics' (TWSE:4915) Earnings For More Than Just Statutory ProfitPrimax Electronics Ltd.'s ( TWSE:4915 ) solid earnings announcement recently didn't do much to the stock price. Our...
Reported Earnings • Nov 11Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: NT$1.70 (up from NT$1.63 in 3Q 2023). Revenue: NT$16.0b (up 1.8% from 3Q 2023). Net income: NT$772.9m (up 4.9% from 3Q 2023). Profit margin: 4.8% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Oct 28Little Excitement Around Primax Electronics Ltd.'s (TWSE:4915) EarningsWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 22x, you may consider...
分析記事 • Sep 30Is There An Opportunity With Primax Electronics Ltd.'s (TWSE:4915) 42% Undervaluation?Key Insights Using the 2 Stage Free Cash Flow to Equity, Primax Electronics fair value estimate is NT$159 Current share...
お知らせ • Aug 29Primax Unveils Advanced HOC Miniature Camera ModulePrimax Electronics Ltd. announced its innovative HOC (Holder on Chip) miniature camera module. This breakthrough product is engineered to meet clients seeking superior camera solutions for their products. The global camera module market is witnessing remarkable growth, with a projected expansion at a CAGR of 10.4%, reaching over USD 86.63 billion by 2031, according to Transparency Market Research (2023). This surge is fueled by the rapid advancement of technology and an escalating demand for more immersive experiences in consumer electronics and automotive systems. As consumers seek products that offer enhanced functionality, miniaturization, and multi-functionality, the need for advanced, compact, and high-performance camera modules has become more pressing, highlighting the relevance and potential impact of Primax's HOC miniature camera module. Primax's HOC miniature camera module addresses these market demands by leveraging laser cutting techniques and multifunctional adhesives. The HOC module delivers a unique combination of durability, high image quality, and significantly reduced dimensions. These innovations ensure that Primax remains at the forefront of camera module technology, providing clients with customized solutions tailored to their specific requirements and ensuring seamless integration into their products. Primax's dedicated R&D team, composed of optical engineers, material scientists, and electronic engineers, continuously drives the innovation and optimization of this product. Significant investments in equipment and ongoing training ensure that Primax stays ahead in the industry. Primax's rigorous quality control measures meet or exceed industry standards. Every stage of the production process, from raw material inspection to final product testing, is meticulously monitored to ensure superior reliability and performance. The versatile HOC miniature camera module is suitable for a wide range of applications, including: Drone Photography: Lightweight and compact, improving flight efficiency and image quality. Medical Equipment: High-definition imaging for medical devices, maintaining a miniaturized design. Home Security Systems: Discreet design with high-quality imaging for security cameras. Smartphone Camera Modules: Enhanced image quality and performance in a reduced size. Wearable Devices: High-quality imaging for compact devices like smartwatches and AR/VR glasses.
分析記事 • Aug 28Primax Electronics' (TWSE:4915) Returns Have Hit A WallFinding 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 • Aug 10Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$1.60 (up from NT$1.55 in 2Q 2023). Revenue: NT$15.4b (down 4.3% from 2Q 2023). Net income: NT$727.3m (up 4.0% from 2Q 2023). Profit margin: 4.7% (up from 4.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Jul 30Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$61.8b to NT$61.1b. EPS estimate also fell from NT$7.31 per share to NT$6.35 per share. Net income forecast to grow 16% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$105. Share price fell 3.7% to NT$89.50 over the past week.
New Risk • Jul 24New 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 6.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change).
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$96.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$97.33 per share.
Major Estimate Revision • Jun 14Consensus EPS estimates increase by 17%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from NT$6.25 to NT$7.31. Revenue forecast unchanged at NT$61.8b. Net income forecast to grow 18% next year vs 26% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$103 to NT$106. Share price rose 2.8% to NT$111 over the past week.
Upcoming Dividend • Jun 13Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 20 June 2024. Payment date: 18 July 2024. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.8%).
分析記事 • May 30Estimating The Intrinsic Value Of Primax Electronics Ltd. (TWSE:4915)Key Insights Using the 2 Stage Free Cash Flow to Equity, Primax Electronics fair value estimate is NT$96.16 With...
お知らせ • May 26Primax Electronics Ltd. Announces Change of Chairperson and Vice Chairperson, Effective May 24, 2024Primax Electronics Ltd. announced change of chairperson and vice chairperson, effective May 24, 2024. Name of the previous position holder: chairperson: Duh, Jia-Bin; vice chairperson: Pan, Yung-Tai. Name of the new position holder: chairperson: Pan, Yung-Chung; vice chairperson: Pan, Yung-Tai.
お知らせ • May 25+ 1 more updatePrimax Electronics Ltd. Approves Board ChangesPrimax Electronics Ltd. announced at annual general meeting held on May 24, 2024, the shareholders approved board changes. Title and name of the previous position holder: Cheng, Chih-Kai and Shen, Ying-Chuan as Independent Directors of the company. Resume of the previous position holders: Independent Directors of the company. Title and name of the new position holder: Huang, Shiou-Chuan and Lai, Fei-Pei. Resume of the new position holder: Huang, Shiou-Chuan; Chairman of VIZIONFOCUS INC. Lai, Fei-Pei; Professor of Department of Computer Science & Information Engineering and Department of Electrical Engineering, NTU. Effective date of the new appointment: May 24, 2024.
Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$1.28 (vs NT$1.23 in 1Q 2023)First quarter 2024 results: EPS: NT$1.28 (up from NT$1.23 in 1Q 2023). Revenue: NT$13.6b (down 7.0% from 1Q 2023). Net income: NT$581.4m (up 4.8% from 1Q 2023). Profit margin: 4.3% (up from 3.8% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Apr 30Returns At Primax Electronics (TWSE:4915) Appear To Be Weighed DownTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
お知らせ • Apr 03Primax Electronics Ltd. Unveils Comprehensive Range of Next-Gen Surveillance and Advanced Door LocksPrimax Electronics Ltd. extends an invitation to attendees to discover the latest advancements showcasing from April 9th to 12th, 2024. This event is a unique chance to witness pioneering solutions designed to bolster security and enhance user convenience. Coinciding with the 2024 ISC West Expo in Las Vegas, Primax will showcase its latest security innovations near the event venue. This initiative, underscores Primax's commitment to advancing industry safety and technology. This year's exhibit showcases an array of smart security devices, emphasizing the company's dedication to providing a one stop, customized technological solutions. Each product exemplifies their commitment to address the varied requirements of clients with innovative and precise solutions. Featured highlights include: The Latest in Barrier Security for Private and Public Spaces: Primax's advanced sensor fusion technology seamlessly combines customizable AI-driven cameras with radar systems to deliver top-tier multi-object tracking and detection from the likes of vehicles, people, motorcycles, and bikes, ensuring adaptability, reliability, and accuracy for numerous applications. Equipped with a 4X ARM Cortex-A53 processor and an integrated AI engine, the company's new technology showcases a commitment to high performance and smart functionality. With 8MP CMOS image sensors for superior image quality and dual-frequency mmWave radar for enhanced detection, it supports advanced features like outdoor virtual fences and multi-threat detection, with reliable operation in challenging weather conditions. Another solution from Primax transcends traditional security measures by focusing on designs that cater specifically to discreet elderly care, with the use of its pioneering cameraless radar technology for true privacy. Primax's innovative approach also encompasses advanced fall detection, presence monitoring, safety virtual fencing, and instant alert features, significantly enhancing safety and care standards. These systems ensure easy installation and smooth network integration with ONVIF profiles, compatible with diverse power and connectivity protocols, including Power over Ethernet, facilitating straightforward incorporation into existing infrastructures. Advanced 3D Facial Authentication Door Access Controls | MATTER Complied: Primax specializes in creating cutting-edge security technologies for access control. The company integrates high-precision 3D AI facial recognition for identity authentication, along with NFC and PIN code access for secure and varied entry methods. These technologies are designed to provide efficient and reliable user access in different scenarios. The products are engineered to be weather-resistant and incorporate anti-spoofing features to prevent unauthorized entry. Energy management is also a focus, with devices capable of utilizing rechargeable batteries for consistent power supply. In terms of connectivity, expect Wi-Fi 6, Bluetooth 5.0, and Matter, ensuring compatibility with existing smart home and office networks. The systems facilitate remote management of user access and provide two-way audio for communication, enhancing security protocols. Primax offers straightforward installations and ease of use, offering in-stride authentication and the option for remote user enrollment.
分析記事 • Mar 21Primax Electronics Ltd.'s (TWSE:4915) Shares Bounce 26% But Its Business Still Trails The MarketDespite an already strong run, Primax Electronics Ltd. ( TWSE:4915 ) shares have been powering on, with a gain of 26...
お知らせ • Feb 27+ 1 more updatePrimax Electronics Ltd., Annual General Meeting, May 24, 2024Primax Electronics Ltd., Annual General Meeting, May 24, 2024. Location: 4F No. 2, Xuzhou Road, Zhongzheng District 100 Taipei City Taiwan Agenda: To consider the Company's 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to Distribution of employees' and directors' compensation in 2023; to consider the Company's 2023 business report and financial statements; and to discuss other matters.
Reported Earnings • Feb 27Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$5.50 (down from NT$6.10 in FY 2022). Revenue: NT$60.5b (down 24% from FY 2022). Net income: NT$2.49b (down 9.4% from FY 2022). Profit margin: 4.1% (up from 3.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 2.0%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year.
Price Target Changed • Feb 23Price target increased by 11% to NT$78.08Up from NT$70.09, the current price target is an average from 7 analysts. New target price is 7.8% above last closing price of NT$72.40. Stock is up 21% over the past year. The company is forecast to post earnings per share of NT$5.61 for next year compared to NT$6.10 last year.
Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$1.55 (vs NT$1.58 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.55 (down from NT$1.58 in 2Q 2022). Revenue: NT$16.1b (down 21% from 2Q 2022). Net income: NT$699.2m (down 1.7% from 2Q 2022). Profit margin: 4.4% (up from 3.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year.
Upcoming Dividend • Jun 27Upcoming dividend of NT$3.90 per share at 6.1% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).
お知らせ • Jun 03Primax Electronics Ltd. Announces Cash Dividend, Payable on July 28, 2023Primax Electronics Ltd. announced cash dividends total TWD 1,791,793,864 and the per share dividends to be distributed are TWD 3.9. Ex-rights (ex-dividend) trading date is July 04, 2023; Ex-rights (ex-dividend) record date is July 10, 2023; Payment date of cash dividend distribution is July 28, 2023.
お知らせ • May 25Primax Electronics Ltd. Announces Change of the Nomination Committee Member and Risk Management Committee MemberPrimax Electronics Ltd. announced change of the Nomination Committee member and Risk Management Committee member. Name of the previous position holder: Liang, Li-Sheng. Circumstances of change: resignation.
Major Estimate Revision • May 12Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$76.9b to NT$68.1b. EPS estimate fell from NT$6.70 to NT$5.99 per share. Net income forecast to shrink 2.1% next year vs 14% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$65.91 to NT$69.60. Share price was steady at NT$61.80 over the past week.
お知らせ • May 10Primax Electronics Ltd. Appoints Jiabin Duh as General Manager, Effective June 1, 2023Primax Electronics Ltd. announced the appointment of Jiabin Duh as general manager, effective June 1, 2023. Resume of the new position holder: The company's CSO.
Reported Earnings • Feb 26Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: NT$6.10 (up from NT$5.13 in FY 2021). Revenue: NT$79.2b (up 11% from FY 2021). Net income: NT$2.74b (up 19% from FY 2021). Profit margin: 3.5% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Nov 19+ 1 more updatePrimax Electronics Ltd. Announces Resignation of Duh, Jia-Bin as Audit Committee Member,Remuneration Committee Member, Nomination Committee Member and Risk Management Committee MemberPrimax Electronics Ltd. announced Resignation of Duh, Jia-Bin as Audit Committee, Remuneration Committee, Nomination Committee and Risk Management Committee.
Price Target Changed • Nov 16Price target decreased to NT$66.77Down from NT$78.00, the current price target is an average from 7 analysts. New target price is 20% above last closing price of NT$55.70. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of NT$6.17 for next year compared to NT$5.13 last year.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Director Jia-Qi Wang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$1.95 (vs NT$1.50 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.95 (up from NT$1.50 in 3Q 2021). Revenue: NT$22.3b (up 26% from 3Q 2021). Net income: NT$877.6m (up 31% from 3Q 2021). Profit margin: 3.9% (up from 3.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 02Price target decreased to NT$71.57Down from NT$78.00, the current price target is an average from 7 analysts. New target price is 35% above last closing price of NT$53.20. Stock is up 5.8% over the past year. The company is forecast to post earnings per share of NT$6.20 for next year compared to NT$5.13 last year.
Reported Earnings • Aug 07Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: NT$1.58 (up from NT$1.37 in 2Q 2021). Revenue: NT$20.3b (up 23% from 2Q 2021). Net income: NT$711.1m (up 16% from 2Q 2021). Profit margin: 3.5% (down from 3.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 11%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year.
Board Change • Aug 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. Independent Director Jia-Qi Wang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Price Target Changed • Jul 31Price target increased to NT$76.57Up from NT$70.50, the current price target is an average from 7 analysts. New target price is 9.7% above last closing price of NT$69.80. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$6.18 for next year compared to NT$5.13 last year.
Buying Opportunity • Jul 26Now 21% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be NT$81.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.9%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 34% in the next 2 years.
Board Change • Jul 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. Independent Director Jia-Qi Wang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Upcoming Dividend • Jun 16Upcoming dividend of NT$3.10 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.3%).
Reported Earnings • May 08First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: NT$1.23 (up from NT$1.13 in 1Q 2021). Revenue: NT$17.9b (up 4.3% from 1Q 2021). Net income: NT$552.3m (up 9.3% from 1Q 2021). Profit margin: 3.1% (up from 2.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 13%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Mar 03Primax Electronics Ltd., Annual General Meeting, May 26, 2022Primax Electronics Ltd., Annual General Meeting, May 26, 2022.
Reported Earnings • Feb 27Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: NT$5.13 (up from NT$4.31 in FY 2020). Revenue: NT$71.6b (up 5.0% from FY 2020). Net income: NT$2.30b (up 20% from FY 2020). Profit margin: 3.2% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 6.6%, compared to a 9.3% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS NT$1.50 (vs NT$1.73 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$17.7b (down 6.5% from 3Q 2020). Net income: NT$671.8m (down 13% from 3Q 2020). Profit margin: 3.8% (down from 4.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.37 (vs NT$1.13 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$16.4b (up 1.2% from 2Q 2020). Net income: NT$611.1m (up 22% from 2Q 2020). Profit margin: 3.7% (up from 3.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Aug 02Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 10 September 2021. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (5.2%).
Reported Earnings • May 07First quarter 2021 earnings released: EPS NT$1.13 (vs NT$0.62 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$17.2b (up 27% from 1Q 2020). Net income: NT$505.2m (up 83% from 1Q 2020). Profit margin: 2.9% (up from 2.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.
Price Target Changed • May 07Price target increased to NT$72.20Up from NT$66.80, the current price target is an average from 4 analysts. New target price is 26% above last closing price of NT$57.40. Stock is up 20% over the past year.
分析記事 • Apr 27Should You Think About Buying Primax Electronics Ltd. (TPE:4915) Now?Primax Electronics Ltd. ( TPE:4915 ), is not the largest company out there, but it saw a double-digit share price rise...
分析記事 • Mar 29Here's What To Make Of Primax Electronics' (TPE:4915) Decelerating Rates Of ReturnIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Mar 16Does It Make Sense To Buy Primax Electronics Ltd. (TPE:4915) For Its Yield?Dividend paying stocks like Primax Electronics Ltd. ( TPE:4915 ) tend to be popular with investors, and for good reason...
分析記事 • Mar 01These 4 Measures Indicate That Primax Electronics (TPE:4915) Is Using Debt Reasonably WellDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analyst Estimate Surprise Post Earnings • Feb 28Revenue beats expectationsRevenue exceeded analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 5.4%, compared to a 5.6% growth forecast for the Tech industry in Taiwan.
お知らせ • Feb 27Primax Electronics Ltd., Annual General Meeting, May 28, 2021Primax Electronics Ltd., Annual General Meeting, May 28, 2021. Location: 4F No. 2, Xuzhou Road Zhongzheng District 100 Taipei City Taiwan Agenda: To consider the company's 2020 business report, audit committee's review report on the 2020 financial statements; to consider company's 2020 distribution of earnings ; to consider amendments to the company's Articles of Incorporation; to consider and approve the issuance of restricted employee stock awards; to consider and approve the election of all directors; and to consider and approve other business.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS NT$4.30 (vs NT$4.80 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$68.2b (down 15% from FY 2019). Net income: NT$1.92b (down 10% from FY 2019). Profit margin: 2.8% (up from 2.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 20New 90-day high: NT$65.40The company is up 37% from its price of NT$47.85 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$38.15 per share.
