View Future GrowthApex International 過去の業績過去 基準チェック /06Apex Internationalの収益は年間平均-67%の割合で減少していますが、 Electronic業界の収益は年間 増加しています。収益は年間0.06% 4.5%割合で 減少しています。主要情報-67.04%収益成長率-65.45%EPS成長率Electronic 業界の成長14.81%収益成長率-4.45%株主資本利益率-51.79%ネット・マージン-22.65%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 19First quarter 2026 earnings released: NT$3.10 loss per share (vs NT$1.34 loss in 1Q 2025)First quarter 2026 results: NT$3.10 loss per share (further deteriorated from NT$1.34 loss in 1Q 2025). Revenue: NT$2.76b (down 12% from 1Q 2025). Net loss: NT$822.6m (loss widened 180% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 19Full year 2025 earnings released: NT$8.65 loss per share (vs NT$9.21 loss in FY 2024)Full year 2025 results: NT$8.65 loss per share. Revenue: NT$11.6b (down 6.8% from FY 2024). Net loss: NT$2.01b (loss widened 13% from FY 2024).Reported Earnings • Nov 06Third quarter 2025 earnings released: NT$2.24 loss per share (vs NT$2.69 loss in 3Q 2024)Third quarter 2025 results: NT$2.24 loss per share (improved from NT$2.69 loss in 3Q 2024). Revenue: NT$2.91b (down 15% from 3Q 2024). Net loss: NT$508.5m (flat on 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 20Second quarter 2025 earnings released: NT$1.30 loss per share (vs NT$1.79 loss in 2Q 2024)Second quarter 2025 results: NT$1.30 loss per share (improved from NT$1.79 loss in 2Q 2024). Revenue: NT$2.89b (down 8.0% from 2Q 2024). Net loss: NT$286.3m (loss narrowed 16% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Reported Earnings • May 13First quarter 2025 earnings released: NT$1.34 loss per share (vs NT$1.50 loss in 1Q 2024)First quarter 2025 results: NT$1.34 loss per share. Revenue: NT$3.14b (up 11% from 1Q 2024). Net loss: NT$293.8m (loss widened 3.3% from 1Q 2024).お知らせ • May 01+ 1 more updateApex International Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Apex International Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: NT$3.10 loss per share (vs NT$1.34 loss in 1Q 2025)First quarter 2026 results: NT$3.10 loss per share (further deteriorated from NT$1.34 loss in 1Q 2025). Revenue: NT$2.76b (down 12% from 1Q 2025). Net loss: NT$822.6m (loss widened 180% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 19Full year 2025 earnings released: NT$8.65 loss per share (vs NT$9.21 loss in FY 2024)Full year 2025 results: NT$8.65 loss per share. Revenue: NT$11.6b (down 6.8% from FY 2024). Net loss: NT$2.01b (loss widened 13% from FY 2024).お知らせ • Jan 28Apex International Co., Ltd., Annual General Meeting, Apr 29, 2026Apex International Co., Ltd., Annual General Meeting, Apr 29, 2026. Location: 15 floor no,99, fu hsing n. rd., songshan district, taipei city TaiwanReported Earnings • Nov 06Third quarter 2025 earnings released: NT$2.24 loss per share (vs NT$2.69 loss in 3Q 2024)Third quarter 2025 results: NT$2.24 loss per share (improved from NT$2.69 loss in 3Q 2024). Revenue: NT$2.91b (down 15% from 3Q 2024). Net loss: NT$508.5m (flat on 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.New Risk • Oct 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Earnings have declined by 62% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding).Reported Earnings • Aug 20Second quarter 2025 earnings released: NT$1.30 loss per share (vs NT$1.79 loss in 2Q 2024)Second quarter 2025 results: NT$1.30 loss per share (improved from NT$1.79 loss in 2Q 2024). Revenue: NT$2.89b (down 8.0% from 2Q 2024). Net loss: NT$286.3m (loss narrowed 16% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.New Risk • May 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).Reported Earnings • May 13First quarter 2025 earnings released: NT$1.34 loss per share (vs NT$1.50 loss in 1Q 2024)First quarter 2025 results: NT$1.34 loss per share. Revenue: NT$3.14b (up 11% from 1Q 2024). Net loss: NT$293.8m (loss widened 3.3% from 1Q 2024).お知らせ • May 01+ 1 more updateApex International Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Apex International Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025New Risk • Mar 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 52% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).Reported Earnings • Mar 09Full year 2024 earnings released: NT$9.21 loss per share (vs NT$4.20 loss in FY 2023)Full year 2024 results: NT$9.21 loss per share (further deteriorated from NT$4.20 loss in FY 2023). Revenue: NT$12.5b (down 1.3% from FY 2023). Net loss: NT$1.79b (loss widened 125% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.お知らせ • Mar 04Apex International Co., Ltd., Annual General Meeting, May 28, 2025Apex International Co., Ltd., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 15 floor no,99, fu hsing n. rd., songshan district, taipei city Taiwanお知らせ • Feb 21Apex International Co., Ltd. to Report Fiscal Year 2024 Results on Feb 28, 2025Apex International Co., Ltd. announced that they will report fiscal year 2024 results on Feb 28, 2025分析記事 • Feb 07Little Excitement Around Apex International Co., Ltd.'s (TWSE:4927) RevenuesYou may think that with a price-to-sales (or "P/S") ratio of 0.7x Apex International Co., Ltd. ( TWSE:4927 ) is a stock...New Risk • Feb 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).New Risk • Nov 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).Reported Earnings • Nov 08Third quarter 2024 earnings released: NT$2.69 loss per share (vs NT$0.95 loss in 3Q 2023)Third quarter 2024 results: NT$2.69 loss per share (further deteriorated from NT$0.95 loss in 3Q 2023). Revenue: NT$3.43b (up 11% from 3Q 2023). Net loss: NT$510.9m (loss widened 184% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.お知らせ • Oct 29Apex International Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024Apex International Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024New Risk • Aug 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).お知らせ • Aug 23Apex International Co., Ltd. announced that it expects to receive TWD 300 million in fundingApex International Co., Ltd. announced a private placement to issue 30,000,000 common shares at an issue price of TWD 10 per share for the gross proceeds of TWD 300,000,000 on August 21, 2024. The transaction has been approved by shareholders of company.Reported Earnings • Aug 13Second quarter 2024 earnings released: NT$1.79 loss per share (vs NT$0.85 loss in 2Q 2023)Second quarter 2024 results: NT$1.79 loss per share (further deteriorated from NT$0.85 loss in 2Q 2023). Revenue: NT$3.14b (flat on 2Q 2023). Net loss: NT$340.7m (loss widened 111% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Aug 06Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to NT$49.00. The fair value is estimated to be NT$39.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 474% Earnings have declined by 28% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change).お知らせ • Aug 02Apex International Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Apex International Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024分析記事 • Jul 12Apex International Co., Ltd.'s (TWSE:4927) Price Is Right But Growth Is Lacking After Shares Rocket 34%The Apex International Co., Ltd. ( TWSE:4927 ) share price has done very well over the last month, posting an excellent...Buy Or Sell Opportunity • Jul 10Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 8.3% to NT$43.05. The fair value is estimated to be NT$35.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • May 24Now 20% overvaluedOver the last 90 days, the stock has fallen 17% to NT$40.65. The fair value is estimated to be NT$33.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • May 11First quarter 2024 earnings released: NT$1.50 loss per share (vs NT$0.50 loss in 1Q 2023)First quarter 2024 results: NT$1.50 loss per share (further deteriorated from NT$0.50 loss in 1Q 2023). Revenue: NT$2.81b (down 14% from 1Q 2023). Net loss: NT$284.4m (loss widened 201% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.お知らせ • May 02Apex International Co., Ltd. to Report Q1, 2024 Results on May 09, 2024Apex International Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024Buy Or Sell Opportunity • Apr 29Now 21% overvaluedOver the last 90 days, the stock has fallen 15% to NT$40.70. The fair value is estimated to be NT$33.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Mar 14Now 22% overvaluedOver the last 90 days, the stock has fallen 19% to NT$41.15. The fair value is estimated to be NT$33.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Mar 01Full year 2023 earnings released: NT$4.20 loss per share (vs NT$4.60 profit in FY 2022)Full year 2023 results: NT$4.20 loss per share (down from NT$4.60 profit in FY 2022). Revenue: NT$12.6b (down 15% from FY 2022). Net loss: NT$796.9m (down 191% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.お知らせ • Feb 29+ 1 more updateApex International Co., Ltd., Annual General Meeting, Apr 30, 2024Apex International Co., Ltd., Annual General Meeting, Apr 30, 2024. Location: Apex Circuit Co., Ltd. (Apex 2) 30/101, 30/102, Sinsakhon Industrial Estate Village No. 1, Kokklam Sub-district, Mueang Samut Sakhon District, Samut Sakhon Province 74000, Thailand Mueang Thailand Agenda: To consider the report of the Board concerning operation of the Company for Y2023; To consider the changes of accounting estimates for the remaining useful life of fixed assets of APEX 3, related to internal control procedures.Buy Or Sell Opportunity • Feb 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.5% to NT$48.85. The fair value is estimated to be NT$61.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 15Third quarter 2023 earnings released: NT$0.95 loss per share (vs NT$0.30 profit in 3Q 2022)Third quarter 2023 results: NT$0.95 loss per share (down from NT$0.30 profit in 3Q 2022). Revenue: NT$3.10b (down 3.2% from 3Q 2022). Net loss: NT$180.1m (down 411% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.New Risk • Oct 28New 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 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.09x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 232% Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change).Reported Earnings • Aug 13Second quarter 2023 earnings released: NT$0.85 loss per share (vs NT$1.90 profit in 2Q 2022)Second quarter 2023 results: NT$0.85 loss per share (down from NT$1.90 profit in 2Q 2022). Revenue: NT$3.15b (down 21% from 2Q 2022). Net loss: NT$161.3m (down 145% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 26Upcoming dividend of NT$2.00 per share at 3.2% yieldEligible shareholders must have bought the stock before 02 August 2023. Payment date: 30 August 2023. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$70.20, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 2.1% over the past three years.お知らせ • May 17Apex International Co., Ltd. Announces Corporate Governance Officer ChangesApex International Co., Ltd. announced that due to change of the position, the Company's Chief Governance Officer position will be transferred from Mr. Li-Yuan Kuo to Ms. Yu-Ying Tsao, and the appointment will take effect retroactively from April 20, 2023.Reported Earnings • May 11First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: NT$0.50 loss per share (down from NT$2.18 profit in 1Q 2022). Revenue: NT$3.29b (down 21% from 1Q 2022). Net loss: NT$94.6m (down 123% from profit in 1Q 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.Reported Earnings • Mar 03Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$4.60 (down from NT$7.25 in FY 2021). Revenue: NT$14.9b (flat on FY 2021). Net income: NT$874.5m (down 37% from FY 2021). Profit margin: 5.9% (down from 9.3% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 01Apex International Co., Ltd. Announces Executive ChangesApex International Co., Ltd. announced the change of acting spokesperson and chief internal auditor. Name, title, and resume of the previous position holder: acting spokesperson: Mr. Shou Hua Hsu, previously executive secretary of corporate governance and sustainable development team of the company. chief internal auditor: Ms. Jia Rong He, previously chief internal auditor of the company. Name, title, and resume of the new position holder: acting spokesperson: Mr. Hsin Wang Yang, currently chief financial officer of the company. The position of the chief internal auditor is temporarily performed by the deputy person, Ms. Yun Ju Wang. The new chief internal auditor will be announced after the resolution of the Audit Committee and the Board of Directors. Reason for the change is resignation. Effective date is February 01, 2023.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Ray-Hua Horng was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Oct 25Consensus EPS estimates fall by 34%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$15.2b to NT$14.9b. EPS estimate also fell from NT$7.33 per share to NT$4.81 per share. Net income forecast to shrink 29% next year vs 3.9% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$85.00 to NT$77.50. Share price fell 2.9% to NT$50.00 over the past week.Reported Earnings • Aug 20Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: NT$1.90 (up from NT$1.53 in 2Q 2021). Revenue: NT$3.97b (up 14% from 2Q 2021). Net income: NT$361.1m (up 24% from 2Q 2021). Profit margin: 9.1% (up from 8.3% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 15%, compared to a 7.5% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 04Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 6.0%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.9%).Major Estimate Revision • Jun 14Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$19.1b to NT$17.3b. EPS estimate also fell from NT$12.02 per share to NT$10.45 per share. Net income forecast to grow 28% next year vs 11% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$146 to NT$131. Share price fell 9.1% to NT$78.50 over the past week.Reported Earnings • May 13First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: NT$2.18 (up from NT$0.81 in 1Q 2021). Revenue: NT$4.14b (up 27% from 1Q 2021). Net income: NT$413.9m (up 168% from 1Q 2021). Profit margin: 10.0% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 9.8% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 04Apex International Co., Ltd. Announces Cash DividendThe board of directors of Apex International Co., Ltd. at its meeting held on May 3, 2022, resolved cash dividend of THB 1,696,840,000.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Chau-Chin Su was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 03Apex International Co., Ltd. Announces COO ChangesApex International Co., Ltd. announced the change of COO. Name, title, and resume of the previous position holder: Mr. Shou-Hua Hsu /COO. Name, title, and resume of the new position holder: Chih-Chung Liu. Reason for the change: position adjustment. Effective date is April 1, 2022.お知らせ • Apr 01APEX Announces the Change of Chief Financial Officer, Effective April 1, 2022Apex International Co., Ltd. announced the change of Chief Financial Officer. Name, title, and resume of the previous position holder: Mr. Shou-Hua Hsu /Chief Financial Officer. Name, title, and resume of the new position holder: Mr. Hsin Wang Yang /Senior Manager. Reason for the change: position adjustment. Effective date is April 1, 2022.Reported Earnings • Mar 06Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$7.25 (up from NT$6.31 in FY 2020). Revenue: NT$14.8b (up 25% from FY 2020). Net income: NT$1.38b (up 15% from FY 2020). Profit margin: 9.3% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 27%, 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 3% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 01Apex International Co., Ltd., Annual General Meeting, May 24, 2022Apex International Co., Ltd., Annual General Meeting, May 24, 2022. Location: The Primasia Conference & Business Center 2F, No.99, Fuxing N. Rd., Songshan Dist Taipei Taiwan Agenda: To consider 2021 operation report; to consider 2021 final accounting books and financial statements reviewed by Audit Committee; to consider to approve 2021 final accounting books and financial statements; and to consider other matters.Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$114, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 276% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$120 per share.Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$114, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 267% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$118 per share.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$2.01 (vs NT$1.89 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$3.61b (up 12% from 3Q 2020). Net income: NT$381.0m (up 5.9% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.Executive Departure • Oct 05Director Chao-Ting Lin has left the companyOn the 30th of September, Chao-Ting Lin's tenure as Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Chao-Ting's name. Chao-Ting is the only executive to leave the company over the last 12 months.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$68.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 123% over the past three years.Price Target Changed • Aug 25Price target increased to NT$90.00Up from NT$81.33, the current price target is an average from 2 analysts. New target price is 48% above last closing price of NT$60.70. Stock is down 15% over the past year.Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS NT$1.53 (vs NT$1.83 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$3.49b (up 17% from 2Q 2020). Net income: NT$291.3m (down 16% from 2Q 2020). Profit margin: 8.3% (down from 12% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jul 12Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 13 August 2021. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.9%).Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.81 (vs NT$1.50 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$3.26b (up 25% from 1Q 2020). Net income: NT$154.4m (down 46% from 1Q 2020). Profit margin: 4.7% (down from 11% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • May 14Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$13.5b to NT$13.9b. EPS estimate fell from NT$7.35 to NT$6.35 per share. Net income forecast to grow 1.0% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$83.33 to NT$75.00. Share price fell 28% to NT$49.50 over the past week.Valuation Update With 7 Day Price Move • May 12Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$55.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 175% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$57.20 per share.分析記事 • Apr 23Should You Buy Apex International Co., Ltd. (TPE:4927) For Its Dividend?Dividend paying stocks like Apex International Co., Ltd. ( TPE:4927 ) tend to be popular with investors, and for good...Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$6.31 (vs NT$4.46 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$11.8b (up 14% from FY 2019). Net income: NT$1.20b (up 45% from FY 2019). Profit margin: 10% (up from 8.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 24Investors Met With Slowing Returns on Capital At Apex International (TPE:4927)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...分析記事 • Mar 09Apex International (TPE:4927) Has Gifted Shareholders With A Fantastic 287% Total Return On Their InvestmentWhile Apex International Co., Ltd. ( TPE:4927 ) shareholders are probably generally happy, the stock hasn't had...Price Target Changed • Mar 05Price target lowered to NT$83.33Down from NT$89.67, the current price target is an average from 3 analysts. The new target price is 21% above the current share price of NT$68.60. As of last close, the stock is up 19% over the past year.お知らせ • Mar 04Apex International Co., Ltd., Annual General Meeting, May 31, 2021Apex International Co., Ltd., Annual General Meeting, May 31, 2021. Location: The Sunworld Dynasty Hotel,VIP1 2F, No.100, Dunhua N. Rd., Songshan Dist Taipei City Taiwan Agenda: To consider 2020 operation report; to consider 2020 final accounting books and financial statements reviewed by Audit Committee; to consider to approve 2020 final accounting books and financial statements; and to consider other matters.分析記事 • Feb 22Apex International (TPE:4927) Has A Pretty Healthy Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Jan 21Should Apex International Co., Ltd. (TPE:4927) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at Apex International Co., Ltd. ( TPE:4927 ) from a dividend investor's perspective...Is New 90 Day High Low • Jan 08New 90-day low: NT$67.50The company is down 8.0% from its price of NT$73.00 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$69.44 per share.分析記事 • Jan 06Apex International Co., Ltd. (TPE:4927) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?Apex International (TPE:4927) has had a rough month with its share price down 12%. However, stock prices are usually...分析記事 • Dec 22Should We Be Excited About The Trends Of Returns At Apex International (TPE:4927)?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Is New 90 Day High Low • Dec 18New 90-day low: NT$70.50The company is down 8.0% from its price of NT$77.00 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$69.96 per share.分析記事 • Dec 07Shareholders of Apex International (TPE:4927) Must Be Delighted With Their 349% Total ReturnFor us, stock picking is in large part the hunt for the truly magnificent stocks. But when you hold the right stock for...分析記事 • Nov 20Is Apex International (TPE:4927) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.89The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.22b (up 15% from 3Q 2019). Net income: NT$359.8m (up 36% from 3Q 2019). Profit margin: 11% (up from 9.4% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Nov 06New 90-day high: NT$78.50The company is up 3.0% from its price of NT$76.30 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$73.84 per share.収支内訳Apex International の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TWSE:4927 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 2611,230-2,5431,4633731 Dec 2511,608-2,0151,4553830 Sep 2512,017-1,7431,5264030 Jun 2512,530-1,7461,6185031 Mar 2512,781-1,8001,6825631 Dec 2412,459-1,7911,7066930 Sep 2412,464-1,4971,6427030 Jun 2412,134-1,1661,5766331 Mar 2412,149-9871,5576531 Dec 2312,628-7971,5765730 Sep 2313,134-3941,6315730 Jun 2313,236-1561,6655331 Mar 2314,0553661,7505631 Dec 2214,9068741,7645430 Sep 2215,7521,3841,7505530 Jun 2216,1641,7071,7465531 Mar 2215,6851,6371,6244831 Dec 2114,8011,3781,5964530 Sep 2113,3861,0351,5314030 Jun 2112,9981,0141,4443831 Mar 2112,4881,0691,4103531 Dec 2011,8331,1991,2783530 Sep 2011,0891,0371,2093330 Jun 2010,6739411,1533031 Mar 2010,1448571,0932831 Dec 1910,3878271,1121830 Sep 1911,2041,0371,1121130 Jun 1911,6411,1011,107531 Mar 1911,6049821,057031 Dec 1811,175829986030 Sep 1810,711577962030 Jun 1810,473255972031 Mar 1810,467116991031 Dec 1710,39578994030 Sep 179,82212944030 Jun 179,345112902031 Mar 179,095236865031 Dec 168,585273839030 Sep 168,647477845030 Jun 168,809618847031 Mar 168,733568853031 Dec 158,629532841030 Sep 158,3644548160質の高い収益: 4927は現在利益が出ていません。利益率の向上: 4927は現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 4927は利益が出ておらず、過去 5 年間で損失は年間67%の割合で増加しています。成長の加速: 4927の過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: 4927は利益が出ていないため、過去 1 年間の収益成長をElectronic業界 ( -0.8% ) と比較することは困難です。株主資本利益率高いROE: 4927は現在利益が出ていないため、自己資本利益率 ( -51.79% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/12 23:50終値2026/08/12 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Apex International Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関null nullCapital Securities CorporationBonny WengKGI Securities Co. Ltd.Aeiou ChenSinoPac Securities Investment Service1 その他のアナリストを表示
Reported Earnings • May 19First quarter 2026 earnings released: NT$3.10 loss per share (vs NT$1.34 loss in 1Q 2025)First quarter 2026 results: NT$3.10 loss per share (further deteriorated from NT$1.34 loss in 1Q 2025). Revenue: NT$2.76b (down 12% from 1Q 2025). Net loss: NT$822.6m (loss widened 180% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 19Full year 2025 earnings released: NT$8.65 loss per share (vs NT$9.21 loss in FY 2024)Full year 2025 results: NT$8.65 loss per share. Revenue: NT$11.6b (down 6.8% from FY 2024). Net loss: NT$2.01b (loss widened 13% from FY 2024).
Reported Earnings • Nov 06Third quarter 2025 earnings released: NT$2.24 loss per share (vs NT$2.69 loss in 3Q 2024)Third quarter 2025 results: NT$2.24 loss per share (improved from NT$2.69 loss in 3Q 2024). Revenue: NT$2.91b (down 15% from 3Q 2024). Net loss: NT$508.5m (flat on 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 20Second quarter 2025 earnings released: NT$1.30 loss per share (vs NT$1.79 loss in 2Q 2024)Second quarter 2025 results: NT$1.30 loss per share (improved from NT$1.79 loss in 2Q 2024). Revenue: NT$2.89b (down 8.0% from 2Q 2024). Net loss: NT$286.3m (loss narrowed 16% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 13First quarter 2025 earnings released: NT$1.34 loss per share (vs NT$1.50 loss in 1Q 2024)First quarter 2025 results: NT$1.34 loss per share. Revenue: NT$3.14b (up 11% from 1Q 2024). Net loss: NT$293.8m (loss widened 3.3% from 1Q 2024).
お知らせ • May 01+ 1 more updateApex International Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Apex International Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025
Reported Earnings • May 19First quarter 2026 earnings released: NT$3.10 loss per share (vs NT$1.34 loss in 1Q 2025)First quarter 2026 results: NT$3.10 loss per share (further deteriorated from NT$1.34 loss in 1Q 2025). Revenue: NT$2.76b (down 12% from 1Q 2025). Net loss: NT$822.6m (loss widened 180% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 19Full year 2025 earnings released: NT$8.65 loss per share (vs NT$9.21 loss in FY 2024)Full year 2025 results: NT$8.65 loss per share. Revenue: NT$11.6b (down 6.8% from FY 2024). Net loss: NT$2.01b (loss widened 13% from FY 2024).
お知らせ • Jan 28Apex International Co., Ltd., Annual General Meeting, Apr 29, 2026Apex International Co., Ltd., Annual General Meeting, Apr 29, 2026. Location: 15 floor no,99, fu hsing n. rd., songshan district, taipei city Taiwan
Reported Earnings • Nov 06Third quarter 2025 earnings released: NT$2.24 loss per share (vs NT$2.69 loss in 3Q 2024)Third quarter 2025 results: NT$2.24 loss per share (improved from NT$2.69 loss in 3Q 2024). Revenue: NT$2.91b (down 15% from 3Q 2024). Net loss: NT$508.5m (flat on 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
New Risk • Oct 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Earnings have declined by 62% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding).
Reported Earnings • Aug 20Second quarter 2025 earnings released: NT$1.30 loss per share (vs NT$1.79 loss in 2Q 2024)Second quarter 2025 results: NT$1.30 loss per share (improved from NT$1.79 loss in 2Q 2024). Revenue: NT$2.89b (down 8.0% from 2Q 2024). Net loss: NT$286.3m (loss narrowed 16% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
New Risk • May 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change).
Reported Earnings • May 13First quarter 2025 earnings released: NT$1.34 loss per share (vs NT$1.50 loss in 1Q 2024)First quarter 2025 results: NT$1.34 loss per share. Revenue: NT$3.14b (up 11% from 1Q 2024). Net loss: NT$293.8m (loss widened 3.3% from 1Q 2024).
お知らせ • May 01+ 1 more updateApex International Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Apex International Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025
New Risk • Mar 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 52% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).
Reported Earnings • Mar 09Full year 2024 earnings released: NT$9.21 loss per share (vs NT$4.20 loss in FY 2023)Full year 2024 results: NT$9.21 loss per share (further deteriorated from NT$4.20 loss in FY 2023). Revenue: NT$12.5b (down 1.3% from FY 2023). Net loss: NT$1.79b (loss widened 125% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 04Apex International Co., Ltd., Annual General Meeting, May 28, 2025Apex International Co., Ltd., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 15 floor no,99, fu hsing n. rd., songshan district, taipei city Taiwan
お知らせ • Feb 21Apex International Co., Ltd. to Report Fiscal Year 2024 Results on Feb 28, 2025Apex International Co., Ltd. announced that they will report fiscal year 2024 results on Feb 28, 2025
分析記事 • Feb 07Little Excitement Around Apex International Co., Ltd.'s (TWSE:4927) RevenuesYou may think that with a price-to-sales (or "P/S") ratio of 0.7x Apex International Co., Ltd. ( TWSE:4927 ) is a stock...
New Risk • Feb 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).
New Risk • Nov 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).
Reported Earnings • Nov 08Third quarter 2024 earnings released: NT$2.69 loss per share (vs NT$0.95 loss in 3Q 2023)Third quarter 2024 results: NT$2.69 loss per share (further deteriorated from NT$0.95 loss in 3Q 2023). Revenue: NT$3.43b (up 11% from 3Q 2023). Net loss: NT$510.9m (loss widened 184% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 29Apex International Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024Apex International Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024
New Risk • Aug 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).
お知らせ • Aug 23Apex International Co., Ltd. announced that it expects to receive TWD 300 million in fundingApex International Co., Ltd. announced a private placement to issue 30,000,000 common shares at an issue price of TWD 10 per share for the gross proceeds of TWD 300,000,000 on August 21, 2024. The transaction has been approved by shareholders of company.
Reported Earnings • Aug 13Second quarter 2024 earnings released: NT$1.79 loss per share (vs NT$0.85 loss in 2Q 2023)Second quarter 2024 results: NT$1.79 loss per share (further deteriorated from NT$0.85 loss in 2Q 2023). Revenue: NT$3.14b (flat on 2Q 2023). Net loss: NT$340.7m (loss widened 111% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Aug 06Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to NT$49.00. The fair value is estimated to be NT$39.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 474% Earnings have declined by 28% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change).
お知らせ • Aug 02Apex International Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Apex International Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024
分析記事 • Jul 12Apex International Co., Ltd.'s (TWSE:4927) Price Is Right But Growth Is Lacking After Shares Rocket 34%The Apex International Co., Ltd. ( TWSE:4927 ) share price has done very well over the last month, posting an excellent...
Buy Or Sell Opportunity • Jul 10Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 8.3% to NT$43.05. The fair value is estimated to be NT$35.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • May 24Now 20% overvaluedOver the last 90 days, the stock has fallen 17% to NT$40.65. The fair value is estimated to be NT$33.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • May 11First quarter 2024 earnings released: NT$1.50 loss per share (vs NT$0.50 loss in 1Q 2023)First quarter 2024 results: NT$1.50 loss per share (further deteriorated from NT$0.50 loss in 1Q 2023). Revenue: NT$2.81b (down 14% from 1Q 2023). Net loss: NT$284.4m (loss widened 201% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
お知らせ • May 02Apex International Co., Ltd. to Report Q1, 2024 Results on May 09, 2024Apex International Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024
Buy Or Sell Opportunity • Apr 29Now 21% overvaluedOver the last 90 days, the stock has fallen 15% to NT$40.70. The fair value is estimated to be NT$33.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Mar 14Now 22% overvaluedOver the last 90 days, the stock has fallen 19% to NT$41.15. The fair value is estimated to be NT$33.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Mar 01Full year 2023 earnings released: NT$4.20 loss per share (vs NT$4.60 profit in FY 2022)Full year 2023 results: NT$4.20 loss per share (down from NT$4.60 profit in FY 2022). Revenue: NT$12.6b (down 15% from FY 2022). Net loss: NT$796.9m (down 191% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 29+ 1 more updateApex International Co., Ltd., Annual General Meeting, Apr 30, 2024Apex International Co., Ltd., Annual General Meeting, Apr 30, 2024. Location: Apex Circuit Co., Ltd. (Apex 2) 30/101, 30/102, Sinsakhon Industrial Estate Village No. 1, Kokklam Sub-district, Mueang Samut Sakhon District, Samut Sakhon Province 74000, Thailand Mueang Thailand Agenda: To consider the report of the Board concerning operation of the Company for Y2023; To consider the changes of accounting estimates for the remaining useful life of fixed assets of APEX 3, related to internal control procedures.
Buy Or Sell Opportunity • Feb 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.5% to NT$48.85. The fair value is estimated to be NT$61.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 15Third quarter 2023 earnings released: NT$0.95 loss per share (vs NT$0.30 profit in 3Q 2022)Third quarter 2023 results: NT$0.95 loss per share (down from NT$0.30 profit in 3Q 2022). Revenue: NT$3.10b (down 3.2% from 3Q 2022). Net loss: NT$180.1m (down 411% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
New Risk • Oct 28New 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 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.09x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 232% Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change).
Reported Earnings • Aug 13Second quarter 2023 earnings released: NT$0.85 loss per share (vs NT$1.90 profit in 2Q 2022)Second quarter 2023 results: NT$0.85 loss per share (down from NT$1.90 profit in 2Q 2022). Revenue: NT$3.15b (down 21% from 2Q 2022). Net loss: NT$161.3m (down 145% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 26Upcoming dividend of NT$2.00 per share at 3.2% yieldEligible shareholders must have bought the stock before 02 August 2023. Payment date: 30 August 2023. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.1%).
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$70.20, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 2.1% over the past three years.
お知らせ • May 17Apex International Co., Ltd. Announces Corporate Governance Officer ChangesApex International Co., Ltd. announced that due to change of the position, the Company's Chief Governance Officer position will be transferred from Mr. Li-Yuan Kuo to Ms. Yu-Ying Tsao, and the appointment will take effect retroactively from April 20, 2023.
Reported Earnings • May 11First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: NT$0.50 loss per share (down from NT$2.18 profit in 1Q 2022). Revenue: NT$3.29b (down 21% from 1Q 2022). Net loss: NT$94.6m (down 123% from profit in 1Q 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.
Reported Earnings • Mar 03Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: NT$4.60 (down from NT$7.25 in FY 2021). Revenue: NT$14.9b (flat on FY 2021). Net income: NT$874.5m (down 37% from FY 2021). Profit margin: 5.9% (down from 9.3% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 01Apex International Co., Ltd. Announces Executive ChangesApex International Co., Ltd. announced the change of acting spokesperson and chief internal auditor. Name, title, and resume of the previous position holder: acting spokesperson: Mr. Shou Hua Hsu, previously executive secretary of corporate governance and sustainable development team of the company. chief internal auditor: Ms. Jia Rong He, previously chief internal auditor of the company. Name, title, and resume of the new position holder: acting spokesperson: Mr. Hsin Wang Yang, currently chief financial officer of the company. The position of the chief internal auditor is temporarily performed by the deputy person, Ms. Yun Ju Wang. The new chief internal auditor will be announced after the resolution of the Audit Committee and the Board of Directors. Reason for the change is resignation. Effective date is February 01, 2023.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Director Ray-Hua Horng was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Oct 25Consensus EPS estimates fall by 34%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$15.2b to NT$14.9b. EPS estimate also fell from NT$7.33 per share to NT$4.81 per share. Net income forecast to shrink 29% next year vs 3.9% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$85.00 to NT$77.50. Share price fell 2.9% to NT$50.00 over the past week.
Reported Earnings • Aug 20Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: NT$1.90 (up from NT$1.53 in 2Q 2021). Revenue: NT$3.97b (up 14% from 2Q 2021). Net income: NT$361.1m (up 24% from 2Q 2021). Profit margin: 9.1% (up from 8.3% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 15%, compared to a 7.5% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 04Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 11 July 2022. Payment date: 05 August 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 6.0%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (4.9%).
Major Estimate Revision • Jun 14Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$19.1b to NT$17.3b. EPS estimate also fell from NT$12.02 per share to NT$10.45 per share. Net income forecast to grow 28% next year vs 11% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$146 to NT$131. Share price fell 9.1% to NT$78.50 over the past week.
Reported Earnings • May 13First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: NT$2.18 (up from NT$0.81 in 1Q 2021). Revenue: NT$4.14b (up 27% from 1Q 2021). Net income: NT$413.9m (up 168% from 1Q 2021). Profit margin: 10.0% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 9.8% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 04Apex International Co., Ltd. Announces Cash DividendThe board of directors of Apex International Co., Ltd. at its meeting held on May 3, 2022, resolved cash dividend of THB 1,696,840,000.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Chau-Chin Su was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 03Apex International Co., Ltd. Announces COO ChangesApex International Co., Ltd. announced the change of COO. Name, title, and resume of the previous position holder: Mr. Shou-Hua Hsu /COO. Name, title, and resume of the new position holder: Chih-Chung Liu. Reason for the change: position adjustment. Effective date is April 1, 2022.
お知らせ • Apr 01APEX Announces the Change of Chief Financial Officer, Effective April 1, 2022Apex International Co., Ltd. announced the change of Chief Financial Officer. Name, title, and resume of the previous position holder: Mr. Shou-Hua Hsu /Chief Financial Officer. Name, title, and resume of the new position holder: Mr. Hsin Wang Yang /Senior Manager. Reason for the change: position adjustment. Effective date is April 1, 2022.
Reported Earnings • Mar 06Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$7.25 (up from NT$6.31 in FY 2020). Revenue: NT$14.8b (up 25% from FY 2020). Net income: NT$1.38b (up 15% from FY 2020). Profit margin: 9.3% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 27%, 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 3% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 01Apex International Co., Ltd., Annual General Meeting, May 24, 2022Apex International Co., Ltd., Annual General Meeting, May 24, 2022. Location: The Primasia Conference & Business Center 2F, No.99, Fuxing N. Rd., Songshan Dist Taipei Taiwan Agenda: To consider 2021 operation report; to consider 2021 final accounting books and financial statements reviewed by Audit Committee; to consider to approve 2021 final accounting books and financial statements; and to consider other matters.
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$114, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 276% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$120 per share.
Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$114, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 267% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$118 per share.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$2.01 (vs NT$1.89 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$3.61b (up 12% from 3Q 2020). Net income: NT$381.0m (up 5.9% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
Executive Departure • Oct 05Director Chao-Ting Lin has left the companyOn the 30th of September, Chao-Ting Lin's tenure as Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Chao-Ting's name. Chao-Ting is the only executive to leave the company over the last 12 months.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$68.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 123% over the past three years.
Price Target Changed • Aug 25Price target increased to NT$90.00Up from NT$81.33, the current price target is an average from 2 analysts. New target price is 48% above last closing price of NT$60.70. Stock is down 15% over the past year.
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS NT$1.53 (vs NT$1.83 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$3.49b (up 17% from 2Q 2020). Net income: NT$291.3m (down 16% from 2Q 2020). Profit margin: 8.3% (down from 12% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jul 12Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 19 July 2021. Payment date: 13 August 2021. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.9%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.81 (vs NT$1.50 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$3.26b (up 25% from 1Q 2020). Net income: NT$154.4m (down 46% from 1Q 2020). Profit margin: 4.7% (down from 11% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • May 14Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from NT$13.5b to NT$13.9b. EPS estimate fell from NT$7.35 to NT$6.35 per share. Net income forecast to grow 1.0% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$83.33 to NT$75.00. Share price fell 28% to NT$49.50 over the past week.
Valuation Update With 7 Day Price Move • May 12Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$55.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 175% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$57.20 per share.
分析記事 • Apr 23Should You Buy Apex International Co., Ltd. (TPE:4927) For Its Dividend?Dividend paying stocks like Apex International Co., Ltd. ( TPE:4927 ) tend to be popular with investors, and for good...
Reported Earnings • Mar 30Full year 2020 earnings released: EPS NT$6.31 (vs NT$4.46 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$11.8b (up 14% from FY 2019). Net income: NT$1.20b (up 45% from FY 2019). Profit margin: 10% (up from 8.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 24Investors Met With Slowing Returns on Capital At Apex International (TPE:4927)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
分析記事 • Mar 09Apex International (TPE:4927) Has Gifted Shareholders With A Fantastic 287% Total Return On Their InvestmentWhile Apex International Co., Ltd. ( TPE:4927 ) shareholders are probably generally happy, the stock hasn't had...
Price Target Changed • Mar 05Price target lowered to NT$83.33Down from NT$89.67, the current price target is an average from 3 analysts. The new target price is 21% above the current share price of NT$68.60. As of last close, the stock is up 19% over the past year.
お知らせ • Mar 04Apex International Co., Ltd., Annual General Meeting, May 31, 2021Apex International Co., Ltd., Annual General Meeting, May 31, 2021. Location: The Sunworld Dynasty Hotel,VIP1 2F, No.100, Dunhua N. Rd., Songshan Dist Taipei City Taiwan Agenda: To consider 2020 operation report; to consider 2020 final accounting books and financial statements reviewed by Audit Committee; to consider to approve 2020 final accounting books and financial statements; and to consider other matters.
分析記事 • Feb 22Apex International (TPE:4927) Has A Pretty Healthy Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Jan 21Should Apex International Co., Ltd. (TPE:4927) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at Apex International Co., Ltd. ( TPE:4927 ) from a dividend investor's perspective...
Is New 90 Day High Low • Jan 08New 90-day low: NT$67.50The company is down 8.0% from its price of NT$73.00 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$69.44 per share.
分析記事 • Jan 06Apex International Co., Ltd. (TPE:4927) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?Apex International (TPE:4927) has had a rough month with its share price down 12%. However, stock prices are usually...
分析記事 • Dec 22Should We Be Excited About The Trends Of Returns At Apex International (TPE:4927)?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Is New 90 Day High Low • Dec 18New 90-day low: NT$70.50The company is down 8.0% from its price of NT$77.00 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$69.96 per share.
分析記事 • Dec 07Shareholders of Apex International (TPE:4927) Must Be Delighted With Their 349% Total ReturnFor us, stock picking is in large part the hunt for the truly magnificent stocks. But when you hold the right stock for...
分析記事 • Nov 20Is Apex International (TPE:4927) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$1.89The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.22b (up 15% from 3Q 2019). Net income: NT$359.8m (up 36% from 3Q 2019). Profit margin: 11% (up from 9.4% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Nov 06New 90-day high: NT$78.50The company is up 3.0% from its price of NT$76.30 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$73.84 per share.