PCL Technologies（4977）株式概要PCL Technologies, Inc.は、その子会社とともに、台湾および海外で光トランシーバー製品の研究、製造、販売を行っている。 詳細4977 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績3/6財務の健全性4/6配当金1/6報酬過去1年間で収益は34.2%増加しました リスク分析過去5年間で収益は年間10.5%減少しました。 高いレベルの非現金収入 TW市場と比較して、過去 3 か月間の株価の変動が非常に大きいすべてのリスクチェックを見る4977 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$228.00497.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture03b2016201920222025202620282031Revenue NT$264.7mEarnings NT$87.0mAdvancedSet Fair ValueView all narrativesPCL Technologies, Inc. 競合他社Zyxel GroupSymbol: TWSE:3704Market cap: NT$14.4bSercommSymbol: TWSE:5388Market cap: NT$25.1bLanner ElectronicsSymbol: TPEX:6245Market cap: NT$11.7bCyberTAN TechnologySymbol: TWSE:3062Market cap: NT$8.7b価格と性能株価の高値、安値、推移の概要PCL Technologies過去の株価現在の株価NT$228.0052週高値NT$257.0052週安値NT$78.70ベータ0.861ヶ月の変化21.60%3ヶ月変化79.53%1年変化156.18%3年間の変化131.47%5年間の変化167.61%IPOからの変化504.89%最新ニュースValuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$236, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 122% over the past three years.New Risk • Apr 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio).Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$186, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 82% over the past three years.お知らせ • Mar 11PCL Technologies, Inc., Annual General Meeting, Jun 08, 2026PCL Technologies, Inc., Annual General Meeting, Jun 08, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,129, sec.1 huo p`ing e. rd., da-an district, taipei city TaiwanValuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$158, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 55% over the past three years.New Risk • Feb 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$236, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 122% over the past three years.New Risk • Apr 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio).Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$186, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 82% over the past three years.お知らせ • Mar 11PCL Technologies, Inc., Annual General Meeting, Jun 08, 2026PCL Technologies, Inc., Annual General Meeting, Jun 08, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,129, sec.1 huo p`ing e. rd., da-an district, taipei city TaiwanValuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$158, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 55% over the past three years.New Risk • Feb 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$147, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Communications industry in Taiwan. Total returns to shareholders of 51% over the past three years.New Risk • Nov 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$124, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 27% over the past three years.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$1.02 (vs NT$1.11 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.02 (down from NT$1.11 in 3Q 2024). Revenue: NT$280.1m (down 22% from 3Q 2024). Net income: NT$80.4m (down 9.9% from 3Q 2024). Profit margin: 29% (up from 25% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: NT$3.82 (vs NT$0.02 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$3.82 (up from NT$0.02 loss in 2Q 2024). Revenue: NT$270.6m (up 33% from 2Q 2024). Net income: NT$301.0m (up NT$302.5m from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$111, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 34% over the past three years.Upcoming Dividend • Jun 25Upcoming dividend of NT$2.25 per shareEligible shareholders must have bought the stock before 02 July 2025. Payment date: 01 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (2.4%).Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$90.80, the stock trades at a trailing P/E ratio of 48x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 28% over the past three years.New Risk • May 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 222% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results.Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: NT$1.29 loss per share (down from NT$0.15 profit in 1Q 2024). Revenue: NT$273.0m (up 99% from 1Q 2024). Net loss: NT$102.6m (down NT$114.5m from profit in 1Q 2024). Revenue missed analyst estimates by 24%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Apr 29PCL Technologies, Inc. to Report Q1, 2025 Results on May 06, 2025PCL Technologies, Inc. announced that they will report Q1, 2025 results on May 06, 2025New Risk • Apr 24New major risk - Revenue and earnings growthEarnings have declined by 8.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 222% Dividend per share is over 10x cash flows per share. Earnings have declined by 8.6% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change).Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to NT$76.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Communications industry in Taiwan. Total returns to shareholders of 7.6% over the past three years.お知らせ • Mar 14PCL Technologies, Inc., Annual General Meeting, Jun 16, 2025PCL Technologies, Inc., Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,129, sec.1 huo p`ing e. rd., da-an district, taipei city Taiwanお知らせ • Mar 13PCL Technologies, Inc. announced a financing transactionPCL Technologies, Inc. announced a private placement to issue not more than 6,000,000 shares on March 12, 2025. The transaction has been approved by shareholders of company .お知らせ • Mar 05PCL Technologies, Inc. to Report Q4, 2024 Results on Mar 12, 2025PCL Technologies, Inc. announced that they will report Q4, 2024 results on Mar 12, 2025分析記事 • Mar 03The Price Is Right For PCL Technologies, Inc. (TWSE:4977) Even After Diving 25%PCL Technologies, Inc. ( TWSE:4977 ) shareholders won't be pleased to see that the share price has had a very rough...分析記事 • Dec 04After Leaping 30% PCL Technologies, Inc. (TWSE:4977) Shares Are Not Flying Under The RadarPCL Technologies, Inc. ( TWSE:4977 ) shares have continued their recent momentum with a 30% gain in the last month...分析記事 • Nov 21Some May Be Optimistic About PCL Technologies' (TWSE:4977) EarningsPCL Technologies, Inc.'s ( TWSE:4977 ) earnings announcement last week contained some soft numbers, disappointing...Reported Earnings • Nov 18Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: NT$1.11 (up from NT$0.40 in 3Q 2023). Revenue: NT$357.6m (up 55% from 3Q 2023). Net income: NT$89.2m (up 175% from 3Q 2023). Profit margin: 25% (up from 14% in 3Q 2023). Revenue exceeded analyst estimates by 30%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Nov 05PCL Technologies, Inc. to Report Q3, 2024 Results on Nov 12, 2024PCL Technologies, Inc. announced that they will report Q3, 2024 results on Nov 12, 2024New Risk • Sep 12New 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 7x earnings per share). Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin).分析記事 • Sep 11Market Participants Recognise PCL Technologies, Inc.'s (TWSE:4977) Revenues Pushing Shares 32% HigherPCL Technologies, Inc. ( TWSE:4977 ) shares have had a really impressive month, gaining 32% after a shaky period...Reported Earnings • Aug 31Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: NT$0.02 loss per share (down from NT$1.60 profit in 2Q 2023). Revenue: NT$203.9m (down 62% from 2Q 2023). Net loss: NT$1.57m (down 101% from profit in 2Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 73% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Aug 15PCL Technologies, Inc. to Report Q2, 2024 Results on Aug 22, 2024PCL Technologies, Inc. announced that they will report Q2, 2024 results on Aug 22, 2024New Risk • Aug 07New 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 7.3% 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: Minor Risks Dividend is not well covered by earnings (116% payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.Buy Or Sell Opportunity • Aug 07Now 20% overvaluedOver the last 90 days, the stock has fallen 2.6% to NT$68.30. The fair value is estimated to be NT$56.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 7.2%. Revenue is forecast to grow by 21% in a year. Earnings are forecast to decline by 28% in the next year.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$62.30, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 15x in the Communications industry in Taiwan. Total loss to shareholders of 20% over the past three years.分析記事 • Jul 31PCL Technologies (TWSE:4977) Is Paying Out Less In Dividends Than Last YearPCL Technologies, Inc.'s ( TWSE:4977 ) dividend is being reduced from last year's payment covering the same period to...Declared Dividend • Jul 31Dividend reduced to NT$2.20Dividend of NT$2.20 is 12% lower than last year. Ex-date: 13th August 2024 Payment date: 16th September 2024 Dividend yield will be 3.0%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is covered by cash flows (61% cash payout ratio). The dividend has increased by an average of 4.9% 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 29% to bring the payout ratio under control. EPS is expected to grow by 60% over the next year, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • May 18First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: NT$0.15 (down from NT$2.52 in 1Q 2023). Revenue: NT$137.4m (down 82% from 1Q 2023). Net income: NT$11.9m (down 94% from 1Q 2023). Profit margin: 8.7% (down from 26% in 1Q 2023). Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year.お知らせ • May 09PCL Technologies, Inc. to Report Q1, 2024 Results on May 15, 2024PCL Technologies, Inc. announced that they will report Q1, 2024 results on May 15, 2024分析記事 • Apr 05We Think You Can Look Beyond PCL Technologies' (TWSE:4977) Lackluster EarningsPCL Technologies, Inc.'s ( TWSE:4977 ) recent soft profit numbers didn't appear to worry shareholders, as the stock...Reported Earnings • Apr 03Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$4.26 (down from NT$6.20 in FY 2022). Revenue: NT$1.74b (down 41% from FY 2022). Net income: NT$340.8m (down 20% from FY 2022). Profit margin: 20% (up from 14% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 5.8%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 15PCL Technologies, Inc., Annual General Meeting, Jun 27, 2024PCL Technologies, Inc., Annual General Meeting, Jun 27, 2024.Major Estimate Revision • Nov 21Consensus revenue estimates decrease by 21%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$2.25b to NT$1.78b. EPS estimate unchanged at NT$0.52 per share. Net income forecast to shrink 78% next year vs 12% growth forecast for Communications industry in Taiwan . Consensus price target up from NT$76.00 to NT$80.00. Share price rose 6.1% to NT$80.20 over the past week.Reported Earnings • Nov 15Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: NT$0.40 (down from NT$2.02 in 3Q 2022). Revenue: NT$231.0m (down 72% from 3Q 2022). Net income: NT$32.4m (down 77% from 3Q 2022). Profit margin: 14% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 50%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Communications industry in Taiwan are expected to grow by 16%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$84.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Communications industry in Taiwan. Total loss to shareholders of 14% over the past three years.Reported Earnings • Aug 26Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$1.59 (up from NT$0.61 in 2Q 2022). Revenue: NT$529.5m (down 23% from 2Q 2022). Net income: NT$128.1m (up 205% from 2Q 2022). Profit margin: 24% (up from 6.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is expected to decline by 23% p.a. on average during the next 2 years, while revenues in the Communications industry in Taiwan are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$71.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Communications industry in Taiwan. Total loss to shareholders of 34% over the past three years.Buying Opportunity • Aug 02Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be NT$108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 31% in a year. Earnings is forecast to decline by 30% in the next year.New Risk • Jul 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 36% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 36% per year for the foreseeable future. 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 (6.8% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).Upcoming Dividend • Jul 26Upcoming dividend of NT$2.50 per share at 3.8% yieldEligible shareholders must have bought the stock before 02 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.8%).Valuation Update With 7 Day Price Move • Jun 12Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$91.40, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 17x in the Communications industry in Taiwan. Total loss to shareholders of 11% over the past three years.Price Target Changed • Jun 07Price target increased by 21% to NT$135Up from NT$112, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$105. Stock is up 31% over the past year. The company posted earnings per share of NT$6.20 last year.Buying Opportunity • May 25Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be NT$129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 6.0%. Revenue is forecast to grow by 14% in a year. Earnings is forecast to grow by 67% in the next year.Buying Opportunity • May 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.9%. The fair value is estimated to be NT$128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 6.0%. Revenue is forecast to grow by 14% in a year. Earnings is forecast to grow by 67% in the next year.Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$107, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$126 per share.Reported Earnings • Mar 30Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: NT$6.20 (up from NT$3.88 in FY 2021). Revenue: NT$2.97b (up 17% from FY 2021). Net income: NT$424.2m (up 60% from FY 2021). Profit margin: 14% (up from 10% in FY 2021). 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 17%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$106, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Communications industry in Taiwan. Total returns to shareholders of 16% over the past three years.Reported Earnings • Nov 18Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$2.02 (up from NT$0.78 in 3Q 2021). Revenue: NT$819.9m (up 44% from 3Q 2021). Net income: NT$138.1m (up 158% from 3Q 2021). Profit margin: 17% (up from 9.4% in 3Q 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 4.2%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director E-Tay Lee was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 26Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: NT$0.61 (down from NT$1.52 in 2Q 2021). Revenue: NT$689.0m (down 4.6% from 2Q 2021). Net income: NT$42.0m (down 60% from 2Q 2021). Profit margin: 6.1% (down from 14% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) missed analyst estimates by 40%. Over the next year, revenue is forecast to grow 34%, compared to a 20% growth forecast for the Communications 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 7% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$116, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 43% over the past three years.お知らせ • Aug 24PCL Technologies, Inc. Appoints New member of the Company's Salary and Remuneration CommitteePCL Technologies, Inc. appointed new member of the company's salary and remuneration committee. Name of the new position holder: Independent Director: Mr. SHIH, KUANG-HSUN; Independent Director: Mr. WANG, CHIN-LAI; Independent Director: Mr. LEE,E-TAY. Resume of the new position holder: Mr. SHIH, KUANG-HSUN /Professor, Department of finance, CTBC Business School, Professor, Department of finance, China Culture University, Independent Directors of PCL Technologies Co., Inc., Independent Directors of Samebest Co.,LTD. and Independent Directors of SENAO NETWORKS, INC.; Mr. WANG, CHIN-LAI /Vice-president & G.M. of Elitegroup Computer Systems Co. Ltd.,Independent Directors of LandMark Optoelectronics Corporation, Independent Directors of SYSAGE, Independent Directors of PCL Technologies Co., Inc. and President of NCKU Venture Capital Co.,Ltd.; Mr. LEE,E-TAY /Director & G.M. of GIGABYTE Technology,President of GIGAIPC CO., LTD., Director of MyelinTek Inc., Director of Giga Computing Technology Co. Ltd. and Director of WELLYSUN INC. Effective date of the new member is August 23, 2022.Price Target Changed • Aug 24Price target increased to NT$135Up from NT$96.00, the current price target is provided by 1 analyst. New target price is 29% above last closing price of NT$105. Stock is up 30% over the past year. The company is forecast to post earnings per share of NT$5.20 for next year compared to NT$3.88 last year.Upcoming Dividend • Jul 07Upcoming dividend of NT$3.22 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 16 August 2022. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (3.5%).お知らせ • Jun 29PCL Technologies, Inc. Announces Adjust Cash Dividend DistributionPCL Technologies, Inc. Announcement of adjust cash dividend distribution. Appropriations of earnings in cash dividends to shareholders TWD 3.0 per share and cash distributed from capital surplus to shareholders TWD 0.2 per share. dividend distribution after the change: Appropriations of earnings in cash dividends to shareholders TWD 3.01836774 per share and cash distributed from capital surplus to shareholders TWD 0.20122452 per share.お知らせ • Jun 25+ 1 more updatePCL Technologies, Inc. Announces Changes of Audit CommitteePCL Technologies, Inc. announced changes of Audit Committee. Name of the previous position holder: Independent Director: Mr. SHIH, KUANG-HSUN; Independent Director: Mr. CHEN TAI-MING; Independent Director: Mr. WANG, CHIN-LAI. Resume of the previous position holder: Mr. SHIH, KUANG-HSUN /Professor, Department of finance, CTBC Business School, Professor, Department of finance, China Culture University, Independent Directors of PCL Technologies Co., Inc., Independent Directors of Samebest Co.,LTD. and Independent Directors of SENAO NETWORKS, INC.; Mr. CHEN TAI-MING /Senior Consultant of Jones Day International Law Firm,Independent director of SIMPLO TECHNOLOGY CO., LTD., Independent director of Orient Pharma Co. Ltd. and Director of CHINA MOTOR CORPORATION.; Mr. WANG, CHIN-LAI /Vice-president & G.M. of Elitegroup Computer Systems Co. Ltd.,Independent Directors of LandMark Optoelectronics Corporation, Independent Directors of SYSAGE, Independent Directors of PCL Technologies Co., Inc. and President of NCKU Venture Capital Co.,Ltd. Name of the new position holder: Independent Director: Mr. SHIH, KUANG-HSUN; Independent Director:Mr. WANG, CHIN-LAI; Independent Director: Mr. LEE,E-TAY. Resume of the new position holder: Mr. SHIH, KUANG-HSUN /Professor, Department of finance, CTBC Business School, Professor, Department of finance, China Culture University, Independent Directors of PCL Technologies Co., Inc., Independent Directors of Samebest Co.,LTD. and Independent Directors of SENAO NETWORKS, INC.; Mr. WANG, CHIN-LAI /Vice-president & G.M. of Elitegroup Computer Systems Co. Ltd.,Independent Directors of LandMark Optoelectronics Corporation, Independent Directors of SYSAGE, Independent Directors of PCL Technologies Co., Inc. and President of NCKU Venture Capital Co.,Ltd.; Mr. LEE,E-TAY /Director & G.M. of GIGABYTE Technology,President of GIGAIPC CO., LTD., Director of MyelinTek Inc., Director of Giga Computing Technology Co. Ltd. and Director of WELLYSUN INC. Effective date of the new member is June 24, 2022.Reported Earnings • May 21First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$0.63 (down from NT$0.71 in 1Q 2021). Revenue: NT$543.9m (down 27% from 1Q 2021). Net income: NT$42.8m (down 12% from 1Q 2021). Profit margin: 7.9% (up from 6.5% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 8.8%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 27Price target decreased to NT$91.00Down from NT$106, the current price target is provided by 1 analyst. New target price is 15% above last closing price of NT$79.00. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$4.51 for next year compared to NT$3.88 last year.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 an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chin-Lai Wang was the last independent 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: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 03Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: NT$3.88 (down from NT$8.02 in FY 2020). Revenue: NT$2.55b (down 24% from FY 2020). Net income: NT$266.0m (down 52% from FY 2020). Profit margin: 10% (down from 17% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 11%, compared to a 14% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Apr 02PCL Technologies, Inc., Annual General Meeting, Jun 24, 2022PCL Technologies, Inc., Annual General Meeting, Jun 24, 2022. Location: Auditorium, Library Campus, In-service and Continuing Education Building NTNU Extension, School of Continuing Education Tai Pei Taiwan Agenda: To consider Business report for 2021; to consider Audit Committee's review of the annual final accounting books and statements for 2021; to consider report employees' and directors' remuneration for 2021; to consider Treasury share repurchase result report; to consider report on the handling of private placement of securities; to consider Corporate Social Responsibility Practice Principles amended report; to consider Sustainable Development Best Practice principles amended report; to consider the report for the performance appraisal results and salary gratuity of directors and managers; to consider report cash dividends of earnings distribution for 2021; and to transact other matters.Major Estimate Revision • Apr 01Consensus revenue estimates fall by 16%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$3.38b to NT$2.84b. EPS estimate fell from NT$5.26 to NT$4.51 per share. Net income forecast to shrink 19% next year vs 41% growth forecast for Communications industry in Taiwan . Consensus price target down from NT$106 to NT$91.00. Share price was steady at NT$81.00 over the past week.Buying Opportunity • Mar 07Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be NT$95.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% per annum over the last 3 years. Earnings per share has grown by 20% per annum over the last 3 years.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS NT$0.78 (vs NT$3.00 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$568.1m (down 40% from 3Q 2020). Net income: NT$53.5m (down 74% from 3Q 2020). Profit margin: 9.4% (down from 22% 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 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Price Target Changed • Oct 19Price target decreased to NT$105Down from NT$117, the current price target is provided by 1 analyst. New target price is 36% above last closing price of NT$77.20. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$3.88 for next year compared to NT$8.02 last year.Board Change • Oct 19Less 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. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chin-Lai Wang was the last independent 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: Minority of independent directors. Insufficient board refreshment.お知らせ • Jul 20PCL Technologies, Inc. Announces Company's Malaysia Sub-Subsidiary to Extend Shutdown Until Early AugustPCL Technologies, Inc. announced that Company's Malaysia Sub-Subsidiary determine to extend shutdown until early August because of insufficient manpower.Upcoming Dividend • Jun 03Upcoming dividend of NT$5.90 per shareEligible shareholders must have bought the stock before 10 June 2021. Payment date: 14 July 2021. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%).Valuation Update With 7 Day Price Move • May 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$91.40, the stock trades at a trailing P/E ratio of 11.2x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 19% over the past three years.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.71 (vs NT$0.57 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$745.0m (up 14% from 1Q 2020). Net income: NT$48.7m (up 25% from 1Q 2020). Profit margin: 6.5% (up from 6.0% 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 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 06Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$94.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Communications industry in Taiwan. Total returns to shareholders of 30% over the past three years.Reported Earnings • Mar 29Full year 2020 earnings released: EPS NT$8.02 (vs NT$4.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.34b (up 32% from FY 2019). Net income: NT$550.7m (up 106% from FY 2019). Profit margin: 17% (up from 11% 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 11% per year whereas the company’s share price has increased by 8% per year.お知らせ • Mar 04PCL Technologies, Inc. announced a financing transactionPCL Technologies, Inc. (TSEC:4977) announced a private placement of 6,000,000 share son March 2, 2021. The transaction has been approved by the board of directors of the company.お知らせ • Mar 03PCL Technologies, Inc., Annual General Meeting, Jun 10, 2021PCL Technologies, Inc., Annual General Meeting, Jun 10, 2021. Location: Auditorium, Library Campus, In-service and Continuing Education Building, NTNU Extension, School of Continuing Education Taipei Taiwan Agenda: To consider 2020 business report ; to consider Audit Committee's review of the 2020 annual final accounting books and statements; to consider report on 2020 employees' and directors' remuneration; and to consider report on the handling of private placement of securities; to consider the report for the performance appraisal results and salary gratuity of directors and managers; to consider report on 2020 cash dividends of earnings distribution; and to consider other matters.Price Target Changed • Mar 03Price target lowered to NT$147Down from NT$166, the current price target is an average from 2 analysts. The new target price is 35% above the current share price of NT$109. As of last close, the stock is up 1.9% over the past year.分析記事 • Feb 24Here's What You Should Know About PCL Technologies, Inc.'s (TPE:4977) 3.3% Dividend YieldIs PCL Technologies, Inc. ( TPE:4977 ) a good dividend stock? How can we tell? Dividend paying companies with growing...分析記事 • Feb 03Is There More To The Story Than PCL Technologies' (TPE:4977) Earnings Growth?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...分析記事 • Jan 14The Trends At PCL Technologies (TPE:4977) That You Should Know AboutIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...分析記事 • Dec 30Has PCL Technologies, Inc. (TPE:4977) Stock's Recent Performance Got Anything to Do With Its Financial Health?PCL Technologies' (TPE:4977) stock is up by 9.6% over the past three months. Given that stock prices are usually...分析記事 • Dec 15Is PCL Technologies, Inc. (TPE:4977) Trading At A 50% Discount?Today we'll do a simple run through of a valuation method used to estimate the attractiveness of PCL Technologies, Inc...分析記事 • Nov 30Shareholders Of PCL Technologies (TPE:4977) Must Be Happy With Their 188% Total ReturnThe worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$3.00The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$946.3m (up 53% from 3Q 2019). Net income: NT$206.4m (up 224% from 3Q 2019). Profit margin: 22% (up from 10% 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 2% per year whereas the company’s share price has increased by 1% per year.Analyst Estimate Surprise Post Earnings • Nov 15Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.03%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Over the next year, revenue is forecast to grow 24%, compared to a 15% growth forecast for the Communications industry in Taiwan.Is New 90 Day High Low • Nov 02New 90-day low: NT$101The company is down 25% from its price of NT$134 on 04 August 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 3.0% over the same period.Is New 90 Day High Low • Sep 25New 90-day low: NT$102The company is down 18% from its price of NT$124 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is flat over the same period.株主還元4977TW CommunicationsTW 市場7D4.8%10.0%4.8%1Y156.2%184.1%99.7%株主還元を見る業界別リターン: 4977過去 1 年間で184.1 % の収益を上げたTW Communications業界を下回りました。リターン対市場: 4977過去 1 年間で99.7 % の収益を上げたTW市場を上回りました。価格変動Is 4977's price volatile compared to industry and market?4977 volatility4977 Average Weekly Movement12.3%Communications Industry Average Movement8.0%Market Average Movement6.0%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 4977の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 4977の weekly volatility ( 12% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2007n/aMing-Nan Chuangwww.pcltech.comPCL Technologies, Inc.は、その子会社とともに、台湾および海外で光トランシーバー製品の研究、製造、販売を行っている。同社はサブアセンブリーとプラガブルモジュールコンポーネントを提供している。また、金型設計サービスも提供している。さらに、設計、パイロット・ラン、量産、品質管理、プロセス改善関連サービスからなる信頼性とテスト・サポート・サービスも提供している。PCLテクノロジーズ社は2007年に設立され、ケイマン諸島のジョージタウンに本社を置いている。もっと見るPCL Technologies, Inc. 基礎のまとめPCL Technologies の収益と売上を時価総額と比較するとどうか。4977 基礎統計学時価総額NT$18.24b収益（TTM）NT$353.35m売上高(TTM)NT$1.07b51.6xPER（株価収益率17.0xP/Sレシオ4977 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計4977 損益計算書（TTM）収益NT$1.07b売上原価NT$806.52m売上総利益NT$268.45mその他の費用-NT$84.90m収益NT$353.35m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）4.42グロス・マージン24.97%純利益率32.87%有利子負債／自己資本比率5.0%4977 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.0%現在の配当利回り50%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 23:06終値2026/05/07 00:00収益2025/12/31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PCL Technologies, Inc. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Jackson ChiangKGI Securities Co. Ltd.Shuchun HsiaoMasterlink Securities Investment AdvisoryJack HsuSinoPac Securities Investment Service
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$236, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 122% over the past three years.
New Risk • Apr 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio).
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$186, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 82% over the past three years.
お知らせ • Mar 11PCL Technologies, Inc., Annual General Meeting, Jun 08, 2026PCL Technologies, Inc., Annual General Meeting, Jun 08, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,129, sec.1 huo p`ing e. rd., da-an district, taipei city Taiwan
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$158, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 55% over the past three years.
New Risk • Feb 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$236, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 122% over the past three years.
New Risk • Apr 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio).
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$186, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 82% over the past three years.
お知らせ • Mar 11PCL Technologies, Inc., Annual General Meeting, Jun 08, 2026PCL Technologies, Inc., Annual General Meeting, Jun 08, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,129, sec.1 huo p`ing e. rd., da-an district, taipei city Taiwan
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$158, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 55% over the past three years.
New Risk • Feb 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$147, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Communications industry in Taiwan. Total returns to shareholders of 51% over the past three years.
New Risk • Nov 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$124, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 27% over the past three years.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$1.02 (vs NT$1.11 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.02 (down from NT$1.11 in 3Q 2024). Revenue: NT$280.1m (down 22% from 3Q 2024). Net income: NT$80.4m (down 9.9% from 3Q 2024). Profit margin: 29% (up from 25% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: NT$3.82 (vs NT$0.02 loss in 2Q 2024)Second quarter 2025 results: EPS: NT$3.82 (up from NT$0.02 loss in 2Q 2024). Revenue: NT$270.6m (up 33% from 2Q 2024). Net income: NT$301.0m (up NT$302.5m from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 23%After last week's 23% share price gain to NT$111, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 34% over the past three years.
Upcoming Dividend • Jun 25Upcoming dividend of NT$2.25 per shareEligible shareholders must have bought the stock before 02 July 2025. Payment date: 01 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (2.4%).
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$90.80, the stock trades at a trailing P/E ratio of 48x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 28% over the past three years.
New Risk • May 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 222% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results.
Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: NT$1.29 loss per share (down from NT$0.15 profit in 1Q 2024). Revenue: NT$273.0m (up 99% from 1Q 2024). Net loss: NT$102.6m (down NT$114.5m from profit in 1Q 2024). Revenue missed analyst estimates by 24%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Apr 29PCL Technologies, Inc. to Report Q1, 2025 Results on May 06, 2025PCL Technologies, Inc. announced that they will report Q1, 2025 results on May 06, 2025
New Risk • Apr 24New major risk - Revenue and earnings growthEarnings have declined by 8.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 222% Dividend per share is over 10x cash flows per share. Earnings have declined by 8.6% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change).
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to NT$76.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Communications industry in Taiwan. Total returns to shareholders of 7.6% over the past three years.
お知らせ • Mar 14PCL Technologies, Inc., Annual General Meeting, Jun 16, 2025PCL Technologies, Inc., Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,129, sec.1 huo p`ing e. rd., da-an district, taipei city Taiwan
お知らせ • Mar 13PCL Technologies, Inc. announced a financing transactionPCL Technologies, Inc. announced a private placement to issue not more than 6,000,000 shares on March 12, 2025. The transaction has been approved by shareholders of company .
お知らせ • Mar 05PCL Technologies, Inc. to Report Q4, 2024 Results on Mar 12, 2025PCL Technologies, Inc. announced that they will report Q4, 2024 results on Mar 12, 2025
分析記事 • Mar 03The Price Is Right For PCL Technologies, Inc. (TWSE:4977) Even After Diving 25%PCL Technologies, Inc. ( TWSE:4977 ) shareholders won't be pleased to see that the share price has had a very rough...
分析記事 • Dec 04After Leaping 30% PCL Technologies, Inc. (TWSE:4977) Shares Are Not Flying Under The RadarPCL Technologies, Inc. ( TWSE:4977 ) shares have continued their recent momentum with a 30% gain in the last month...
分析記事 • Nov 21Some May Be Optimistic About PCL Technologies' (TWSE:4977) EarningsPCL Technologies, Inc.'s ( TWSE:4977 ) earnings announcement last week contained some soft numbers, disappointing...
Reported Earnings • Nov 18Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: NT$1.11 (up from NT$0.40 in 3Q 2023). Revenue: NT$357.6m (up 55% from 3Q 2023). Net income: NT$89.2m (up 175% from 3Q 2023). Profit margin: 25% (up from 14% in 3Q 2023). Revenue exceeded analyst estimates by 30%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Nov 05PCL Technologies, Inc. to Report Q3, 2024 Results on Nov 12, 2024PCL Technologies, Inc. announced that they will report Q3, 2024 results on Nov 12, 2024
New Risk • Sep 12New 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 7x earnings per share). Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin).
分析記事 • Sep 11Market Participants Recognise PCL Technologies, Inc.'s (TWSE:4977) Revenues Pushing Shares 32% HigherPCL Technologies, Inc. ( TWSE:4977 ) shares have had a really impressive month, gaining 32% after a shaky period...
Reported Earnings • Aug 31Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: NT$0.02 loss per share (down from NT$1.60 profit in 2Q 2023). Revenue: NT$203.9m (down 62% from 2Q 2023). Net loss: NT$1.57m (down 101% from profit in 2Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 73% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 15PCL Technologies, Inc. to Report Q2, 2024 Results on Aug 22, 2024PCL Technologies, Inc. announced that they will report Q2, 2024 results on Aug 22, 2024
New Risk • Aug 07New 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 7.3% 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: Minor Risks Dividend is not well covered by earnings (116% payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.
Buy Or Sell Opportunity • Aug 07Now 20% overvaluedOver the last 90 days, the stock has fallen 2.6% to NT$68.30. The fair value is estimated to be NT$56.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 7.2%. Revenue is forecast to grow by 21% in a year. Earnings are forecast to decline by 28% in the next year.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$62.30, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 15x in the Communications industry in Taiwan. Total loss to shareholders of 20% over the past three years.
分析記事 • Jul 31PCL Technologies (TWSE:4977) Is Paying Out Less In Dividends Than Last YearPCL Technologies, Inc.'s ( TWSE:4977 ) dividend is being reduced from last year's payment covering the same period to...
Declared Dividend • Jul 31Dividend reduced to NT$2.20Dividend of NT$2.20 is 12% lower than last year. Ex-date: 13th August 2024 Payment date: 16th September 2024 Dividend yield will be 3.0%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is covered by cash flows (61% cash payout ratio). The dividend has increased by an average of 4.9% 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 29% to bring the payout ratio under control. EPS is expected to grow by 60% over the next year, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • May 18First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: NT$0.15 (down from NT$2.52 in 1Q 2023). Revenue: NT$137.4m (down 82% from 1Q 2023). Net income: NT$11.9m (down 94% from 1Q 2023). Profit margin: 8.7% (down from 26% in 1Q 2023). Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year.
お知らせ • May 09PCL Technologies, Inc. to Report Q1, 2024 Results on May 15, 2024PCL Technologies, Inc. announced that they will report Q1, 2024 results on May 15, 2024
分析記事 • Apr 05We Think You Can Look Beyond PCL Technologies' (TWSE:4977) Lackluster EarningsPCL Technologies, Inc.'s ( TWSE:4977 ) recent soft profit numbers didn't appear to worry shareholders, as the stock...
Reported Earnings • Apr 03Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$4.26 (down from NT$6.20 in FY 2022). Revenue: NT$1.74b (down 41% from FY 2022). Net income: NT$340.8m (down 20% from FY 2022). Profit margin: 20% (up from 14% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 5.8%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 15PCL Technologies, Inc., Annual General Meeting, Jun 27, 2024PCL Technologies, Inc., Annual General Meeting, Jun 27, 2024.
Major Estimate Revision • Nov 21Consensus revenue estimates decrease by 21%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from NT$2.25b to NT$1.78b. EPS estimate unchanged at NT$0.52 per share. Net income forecast to shrink 78% next year vs 12% growth forecast for Communications industry in Taiwan . Consensus price target up from NT$76.00 to NT$80.00. Share price rose 6.1% to NT$80.20 over the past week.
Reported Earnings • Nov 15Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: NT$0.40 (down from NT$2.02 in 3Q 2022). Revenue: NT$231.0m (down 72% from 3Q 2022). Net income: NT$32.4m (down 77% from 3Q 2022). Profit margin: 14% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 50%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Communications industry in Taiwan are expected to grow by 16%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$84.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Communications industry in Taiwan. Total loss to shareholders of 14% over the past three years.
Reported Earnings • Aug 26Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: NT$1.59 (up from NT$0.61 in 2Q 2022). Revenue: NT$529.5m (down 23% from 2Q 2022). Net income: NT$128.1m (up 205% from 2Q 2022). Profit margin: 24% (up from 6.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is expected to decline by 23% p.a. on average during the next 2 years, while revenues in the Communications industry in Taiwan are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$71.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Communications industry in Taiwan. Total loss to shareholders of 34% over the past three years.
Buying Opportunity • Aug 02Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be NT$108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 31% in a year. Earnings is forecast to decline by 30% in the next year.
New Risk • Jul 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 36% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 36% per year for the foreseeable future. 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 (6.8% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).
Upcoming Dividend • Jul 26Upcoming dividend of NT$2.50 per share at 3.8% yieldEligible shareholders must have bought the stock before 02 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$91.40, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 17x in the Communications industry in Taiwan. Total loss to shareholders of 11% over the past three years.
Price Target Changed • Jun 07Price target increased by 21% to NT$135Up from NT$112, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$105. Stock is up 31% over the past year. The company posted earnings per share of NT$6.20 last year.
Buying Opportunity • May 25Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be NT$129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 6.0%. Revenue is forecast to grow by 14% in a year. Earnings is forecast to grow by 67% in the next year.
Buying Opportunity • May 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.9%. The fair value is estimated to be NT$128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 6.0%. Revenue is forecast to grow by 14% in a year. Earnings is forecast to grow by 67% in the next year.
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$107, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$126 per share.
Reported Earnings • Mar 30Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: NT$6.20 (up from NT$3.88 in FY 2021). Revenue: NT$2.97b (up 17% from FY 2021). Net income: NT$424.2m (up 60% from FY 2021). Profit margin: 14% (up from 10% in FY 2021). 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 17%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$106, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Communications industry in Taiwan. Total returns to shareholders of 16% over the past three years.
Reported Earnings • Nov 18Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: EPS: NT$2.02 (up from NT$0.78 in 3Q 2021). Revenue: NT$819.9m (up 44% from 3Q 2021). Net income: NT$138.1m (up 158% from 3Q 2021). Profit margin: 17% (up from 9.4% in 3Q 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 4.2%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director E-Tay Lee was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 26Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: NT$0.61 (down from NT$1.52 in 2Q 2021). Revenue: NT$689.0m (down 4.6% from 2Q 2021). Net income: NT$42.0m (down 60% from 2Q 2021). Profit margin: 6.1% (down from 14% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) missed analyst estimates by 40%. Over the next year, revenue is forecast to grow 34%, compared to a 20% growth forecast for the Communications 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 7% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$116, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 43% over the past three years.
お知らせ • Aug 24PCL Technologies, Inc. Appoints New member of the Company's Salary and Remuneration CommitteePCL Technologies, Inc. appointed new member of the company's salary and remuneration committee. Name of the new position holder: Independent Director: Mr. SHIH, KUANG-HSUN; Independent Director: Mr. WANG, CHIN-LAI; Independent Director: Mr. LEE,E-TAY. Resume of the new position holder: Mr. SHIH, KUANG-HSUN /Professor, Department of finance, CTBC Business School, Professor, Department of finance, China Culture University, Independent Directors of PCL Technologies Co., Inc., Independent Directors of Samebest Co.,LTD. and Independent Directors of SENAO NETWORKS, INC.; Mr. WANG, CHIN-LAI /Vice-president & G.M. of Elitegroup Computer Systems Co. Ltd.,Independent Directors of LandMark Optoelectronics Corporation, Independent Directors of SYSAGE, Independent Directors of PCL Technologies Co., Inc. and President of NCKU Venture Capital Co.,Ltd.; Mr. LEE,E-TAY /Director & G.M. of GIGABYTE Technology,President of GIGAIPC CO., LTD., Director of MyelinTek Inc., Director of Giga Computing Technology Co. Ltd. and Director of WELLYSUN INC. Effective date of the new member is August 23, 2022.
Price Target Changed • Aug 24Price target increased to NT$135Up from NT$96.00, the current price target is provided by 1 analyst. New target price is 29% above last closing price of NT$105. Stock is up 30% over the past year. The company is forecast to post earnings per share of NT$5.20 for next year compared to NT$3.88 last year.
Upcoming Dividend • Jul 07Upcoming dividend of NT$3.22 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 16 August 2022. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (3.5%).
お知らせ • Jun 29PCL Technologies, Inc. Announces Adjust Cash Dividend DistributionPCL Technologies, Inc. Announcement of adjust cash dividend distribution. Appropriations of earnings in cash dividends to shareholders TWD 3.0 per share and cash distributed from capital surplus to shareholders TWD 0.2 per share. dividend distribution after the change: Appropriations of earnings in cash dividends to shareholders TWD 3.01836774 per share and cash distributed from capital surplus to shareholders TWD 0.20122452 per share.
お知らせ • Jun 25+ 1 more updatePCL Technologies, Inc. Announces Changes of Audit CommitteePCL Technologies, Inc. announced changes of Audit Committee. Name of the previous position holder: Independent Director: Mr. SHIH, KUANG-HSUN; Independent Director: Mr. CHEN TAI-MING; Independent Director: Mr. WANG, CHIN-LAI. Resume of the previous position holder: Mr. SHIH, KUANG-HSUN /Professor, Department of finance, CTBC Business School, Professor, Department of finance, China Culture University, Independent Directors of PCL Technologies Co., Inc., Independent Directors of Samebest Co.,LTD. and Independent Directors of SENAO NETWORKS, INC.; Mr. CHEN TAI-MING /Senior Consultant of Jones Day International Law Firm,Independent director of SIMPLO TECHNOLOGY CO., LTD., Independent director of Orient Pharma Co. Ltd. and Director of CHINA MOTOR CORPORATION.; Mr. WANG, CHIN-LAI /Vice-president & G.M. of Elitegroup Computer Systems Co. Ltd.,Independent Directors of LandMark Optoelectronics Corporation, Independent Directors of SYSAGE, Independent Directors of PCL Technologies Co., Inc. and President of NCKU Venture Capital Co.,Ltd. Name of the new position holder: Independent Director: Mr. SHIH, KUANG-HSUN; Independent Director:Mr. WANG, CHIN-LAI; Independent Director: Mr. LEE,E-TAY. Resume of the new position holder: Mr. SHIH, KUANG-HSUN /Professor, Department of finance, CTBC Business School, Professor, Department of finance, China Culture University, Independent Directors of PCL Technologies Co., Inc., Independent Directors of Samebest Co.,LTD. and Independent Directors of SENAO NETWORKS, INC.; Mr. WANG, CHIN-LAI /Vice-president & G.M. of Elitegroup Computer Systems Co. Ltd.,Independent Directors of LandMark Optoelectronics Corporation, Independent Directors of SYSAGE, Independent Directors of PCL Technologies Co., Inc. and President of NCKU Venture Capital Co.,Ltd.; Mr. LEE,E-TAY /Director & G.M. of GIGABYTE Technology,President of GIGAIPC CO., LTD., Director of MyelinTek Inc., Director of Giga Computing Technology Co. Ltd. and Director of WELLYSUN INC. Effective date of the new member is June 24, 2022.
Reported Earnings • May 21First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: NT$0.63 (down from NT$0.71 in 1Q 2021). Revenue: NT$543.9m (down 27% from 1Q 2021). Net income: NT$42.8m (down 12% from 1Q 2021). Profit margin: 7.9% (up from 6.5% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 8.8%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 27Price target decreased to NT$91.00Down from NT$106, the current price target is provided by 1 analyst. New target price is 15% above last closing price of NT$79.00. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$4.51 for next year compared to NT$3.88 last year.
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 an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chin-Lai Wang was the last independent 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: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 03Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: NT$3.88 (down from NT$8.02 in FY 2020). Revenue: NT$2.55b (down 24% from FY 2020). Net income: NT$266.0m (down 52% from FY 2020). Profit margin: 10% (down from 17% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 11%, compared to a 14% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Apr 02PCL Technologies, Inc., Annual General Meeting, Jun 24, 2022PCL Technologies, Inc., Annual General Meeting, Jun 24, 2022. Location: Auditorium, Library Campus, In-service and Continuing Education Building NTNU Extension, School of Continuing Education Tai Pei Taiwan Agenda: To consider Business report for 2021; to consider Audit Committee's review of the annual final accounting books and statements for 2021; to consider report employees' and directors' remuneration for 2021; to consider Treasury share repurchase result report; to consider report on the handling of private placement of securities; to consider Corporate Social Responsibility Practice Principles amended report; to consider Sustainable Development Best Practice principles amended report; to consider the report for the performance appraisal results and salary gratuity of directors and managers; to consider report cash dividends of earnings distribution for 2021; and to transact other matters.
Major Estimate Revision • Apr 01Consensus revenue estimates fall by 16%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$3.38b to NT$2.84b. EPS estimate fell from NT$5.26 to NT$4.51 per share. Net income forecast to shrink 19% next year vs 41% growth forecast for Communications industry in Taiwan . Consensus price target down from NT$106 to NT$91.00. Share price was steady at NT$81.00 over the past week.
Buying Opportunity • Mar 07Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be NT$95.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% per annum over the last 3 years. Earnings per share has grown by 20% per annum over the last 3 years.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS NT$0.78 (vs NT$3.00 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$568.1m (down 40% from 3Q 2020). Net income: NT$53.5m (down 74% from 3Q 2020). Profit margin: 9.4% (down from 22% 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 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Oct 19Price target decreased to NT$105Down from NT$117, the current price target is provided by 1 analyst. New target price is 36% above last closing price of NT$77.20. Stock is down 29% over the past year. The company is forecast to post earnings per share of NT$3.88 for next year compared to NT$8.02 last year.
Board Change • Oct 19Less 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. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chin-Lai Wang was the last independent 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: Minority of independent directors. Insufficient board refreshment.
お知らせ • Jul 20PCL Technologies, Inc. Announces Company's Malaysia Sub-Subsidiary to Extend Shutdown Until Early AugustPCL Technologies, Inc. announced that Company's Malaysia Sub-Subsidiary determine to extend shutdown until early August because of insufficient manpower.
Upcoming Dividend • Jun 03Upcoming dividend of NT$5.90 per shareEligible shareholders must have bought the stock before 10 June 2021. Payment date: 14 July 2021. Trailing yield: 6.0%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%).
Valuation Update With 7 Day Price Move • May 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$91.40, the stock trades at a trailing P/E ratio of 11.2x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 19% over the past three years.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.71 (vs NT$0.57 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$745.0m (up 14% from 1Q 2020). Net income: NT$48.7m (up 25% from 1Q 2020). Profit margin: 6.5% (up from 6.0% 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 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 06Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$94.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Communications industry in Taiwan. Total returns to shareholders of 30% over the past three years.
Reported Earnings • Mar 29Full year 2020 earnings released: EPS NT$8.02 (vs NT$4.22 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.34b (up 32% from FY 2019). Net income: NT$550.7m (up 106% from FY 2019). Profit margin: 17% (up from 11% 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 11% per year whereas the company’s share price has increased by 8% per year.
お知らせ • Mar 04PCL Technologies, Inc. announced a financing transactionPCL Technologies, Inc. (TSEC:4977) announced a private placement of 6,000,000 share son March 2, 2021. The transaction has been approved by the board of directors of the company.
お知らせ • Mar 03PCL Technologies, Inc., Annual General Meeting, Jun 10, 2021PCL Technologies, Inc., Annual General Meeting, Jun 10, 2021. Location: Auditorium, Library Campus, In-service and Continuing Education Building, NTNU Extension, School of Continuing Education Taipei Taiwan Agenda: To consider 2020 business report ; to consider Audit Committee's review of the 2020 annual final accounting books and statements; to consider report on 2020 employees' and directors' remuneration; and to consider report on the handling of private placement of securities; to consider the report for the performance appraisal results and salary gratuity of directors and managers; to consider report on 2020 cash dividends of earnings distribution; and to consider other matters.
Price Target Changed • Mar 03Price target lowered to NT$147Down from NT$166, the current price target is an average from 2 analysts. The new target price is 35% above the current share price of NT$109. As of last close, the stock is up 1.9% over the past year.
分析記事 • Feb 24Here's What You Should Know About PCL Technologies, Inc.'s (TPE:4977) 3.3% Dividend YieldIs PCL Technologies, Inc. ( TPE:4977 ) a good dividend stock? How can we tell? Dividend paying companies with growing...
分析記事 • Feb 03Is There More To The Story Than PCL Technologies' (TPE:4977) Earnings Growth?Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...
分析記事 • Jan 14The Trends At PCL Technologies (TPE:4977) That You Should Know AboutIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
分析記事 • Dec 30Has PCL Technologies, Inc. (TPE:4977) Stock's Recent Performance Got Anything to Do With Its Financial Health?PCL Technologies' (TPE:4977) stock is up by 9.6% over the past three months. Given that stock prices are usually...
分析記事 • Dec 15Is PCL Technologies, Inc. (TPE:4977) Trading At A 50% Discount?Today we'll do a simple run through of a valuation method used to estimate the attractiveness of PCL Technologies, Inc...
分析記事 • Nov 30Shareholders Of PCL Technologies (TPE:4977) Must Be Happy With Their 188% Total ReturnThe worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$3.00The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$946.3m (up 53% from 3Q 2019). Net income: NT$206.4m (up 224% from 3Q 2019). Profit margin: 22% (up from 10% 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 2% per year whereas the company’s share price has increased by 1% per year.
Analyst Estimate Surprise Post Earnings • Nov 15Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.03%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Over the next year, revenue is forecast to grow 24%, compared to a 15% growth forecast for the Communications industry in Taiwan.
Is New 90 Day High Low • Nov 02New 90-day low: NT$101The company is down 25% from its price of NT$134 on 04 August 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Sep 25New 90-day low: NT$102The company is down 18% from its price of NT$124 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is flat over the same period.
