View ValuationAPCB 将来の成長Future 基準チェック /06現在、 APCBの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Electronic 収益成長31.7%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBuy Or Sell Opportunity • Apr 14Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to NT$17.45. The fair value is estimated to be NT$13.82, 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. Meanwhile, the company became loss making.Reported Earnings • Mar 18Full year 2025 earnings released: NT$0.88 loss per share (vs NT$0.93 profit in FY 2024)Full year 2025 results: NT$0.88 loss per share (down from NT$0.93 profit in FY 2024). Revenue: NT$4.18b (down 18% from FY 2024). Net loss: NT$138.8m (down 194% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Buy Or Sell Opportunity • Mar 18Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to NT$17.15. The fair value is estimated to be NT$13.93, 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. Meanwhile, the company became loss making.お知らせ • Mar 09APCB Inc., Annual General Meeting, Jun 17, 2026APCB Inc., Annual General Meeting, Jun 17, 2026. Location: no,240, sec.3 ta kuan rd., banciao district, new taipei city TaiwanBuy Or Sell Opportunity • Feb 26Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to NT$15.50. The fair value is estimated to be NT$12.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Jan 12Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 1.3% to NT$15.15. The fair value is estimated to be NT$12.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 18Third quarter 2025 earnings released: NT$0.15 loss per share (vs NT$2.27 profit in 3Q 2024)Third quarter 2025 results: NT$0.15 loss per share (down from NT$2.27 profit in 3Q 2024). Revenue: NT$1.18b (down 13% from 3Q 2024). Net loss: NT$23.0m (down 106% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Oct 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 7.9% to NT$15.00. The fair value is estimated to be NT$12.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has grown by 27%.Buy Or Sell Opportunity • Oct 09Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to NT$15.70. The fair value is estimated to be NT$12.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has grown by 27%.Upcoming Dividend • Aug 24Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 19 September 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.6%).Buy Or Sell Opportunity • Aug 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 6.9% to NT$15.50. The fair value is estimated to be NT$12.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has grown by 27%.Reported Earnings • Aug 19Second quarter 2025 earnings released: NT$0.40 loss per share (vs NT$0.004 profit in 2Q 2024)Second quarter 2025 results: NT$0.40 loss per share (down from NT$0.004 profit in 2Q 2024). Revenue: NT$1.02b (down 23% from 2Q 2024). Net loss: NT$62.9m (down NT$63.6m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Declared Dividend • Aug 10Dividend increased to NT$1.00Dividend of NT$1.00 is 100% higher than last year. Ex-date: 28th August 2025 Payment date: 19th September 2025 Dividend yield will be 6.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (161% earnings payout ratio) nor is it covered by cash flows (dividend approximately 18x free cash flows). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 79% to bring the payout ratio under control. However, EPS has declined by 8.6% over the last 5 years so the company would need to reverse this trend.Reported Earnings • May 17First quarter 2025 earnings released: NT$0.36 loss per share (vs NT$0.054 loss in 1Q 2024)First quarter 2025 results: NT$0.36 loss per share (further deteriorated from NT$0.054 loss in 1Q 2024). Revenue: NT$955.9m (down 29% from 1Q 2024). Net loss: NT$57.4m (loss widened NT$48.8m from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$12.85, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total loss to shareholders of 28% over the past three years.New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 152% 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 3.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.48b market cap, or US$75.0m).Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$0.93 (vs NT$0.34 in FY 2023)Full year 2024 results: EPS: NT$0.93 (up from NT$0.34 in FY 2023). Revenue: NT$5.10b (down 14% from FY 2023). Net income: NT$148.0m (up 173% from FY 2023). Profit margin: 2.9% (up from 0.9% in FY 2023). The increase in margin was driven by lower expenses. 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 6% per year.お知らせ • Mar 10APCB Inc., Annual General Meeting, Jun 20, 2025APCB Inc., Annual General Meeting, Jun 20, 2025. Location: no,240, sec.3 ta kuan rd., banciao district, new taipei city Taiwanお知らせ • Mar 01APCB Inc. to Report Q4, 2024 Results on Mar 07, 2025APCB Inc. announced that they will report Q4, 2024 results on Mar 07, 2025Board Change • Jan 08Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent director Baozhu Lin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 31APCB Inc. to Report Q3, 2024 Results on Nov 08, 2024APCB Inc. announced that they will report Q3, 2024 results on Nov 08, 2024お知らせ • Oct 09APCB Inc. to Cease Production at the Taiwan Plant Starting December 25, 2024 and Layoffs Employees, Expects Late December 2024APCB Inc. announced adjustments to Taiwan Plant Operations and Employee Layoffs. The company's Taiwan plant has been experiencing a 3-year deficit since the pandemic ended in 2022 due to downturns in the consumer electronics and increased raw material costs. Considering the future market and shareholders' interests, the Company will cease production at the Taiwan plant starting December 25, 2024. Production for future orders will be handed over to subsidiary APCB Electronics(Kunshan)CO., LTD. Certain personnel at the Taiwan plant will remain employed for operational needs, while others will have their employment contracts terminated in accordance with the Labor Standards Act and relevant laws. Additionally, in compliance with the Employment Service Act, the company will notify the competent authority regarding the mass layoffs. Notification of layoffs: Expected October 9, 2024. Layoffs effective on: Expected late December 2024. This adjustment is made with a focus on the operational performance of the Group to minimize losses and enhance shareholders' interests. It was reviewed and approved by the Audit Committee on October 8, 2024 before the Board of Directors’ final approval. Production capacity of the fully or partially suspended work items: Projected reduction in capacity for 2025: 2.64 million ft. Production output of the fully or partially suspended work items: Projected revenue reduction for 2025: TWD 780 million.Valuation Update With 7 Day Price Move • Sep 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$15.70, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total loss to shareholders of 22% over the past three years.New Risk • Sep 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% 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 39% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (181% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.15b market cap, or US$98.3m).分析記事 • Aug 20APCB (TWSE:6108) Will Pay A Dividend Of NT$0.50APCB Inc.'s ( TWSE:6108 ) investors are due to receive a payment of NT$0.50 per share on 20th of September. The...Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.004 (vs NT$0.47 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.004 (down from NT$0.47 in 2Q 2023). Revenue: NT$1.33b (down 8.8% from 2Q 2023). Net income: NT$639.0k (down 99% from 2Q 2023). Profit margin: 0% (down from 5.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$20.35, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 1.1% over the past three years.Declared Dividend • Aug 12Dividend of NT$0.50 announcedDividend of NT$0.50 is the same as last year. Ex-date: 29th August 2024 Payment date: 20th September 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 25% to shift the payout ratio to a potentially unsustainable range, which is less than the 28% EPS decline seen over the last 5 years.分析記事 • Aug 09Lacklustre Performance Is Driving APCB Inc.'s (TWSE:6108) Low P/SWhen you see that almost half of the companies in the Electronic industry in Taiwan have price-to-sales ratios (or...お知らせ • Aug 02APCB Inc. to Report Q2, 2024 Results on Aug 09, 2024APCB Inc. announced that they will report Q2, 2024 results on Aug 09, 2024New Risk • Jun 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.25b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.25b market cap, or US$99.9m).Reported Earnings • May 19First quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.45 loss in 1Q 2023)First quarter 2024 results: NT$0.05 loss per share (improved from NT$0.45 loss in 1Q 2023). Revenue: NT$1.35b (down 4.3% from 1Q 2023). Net loss: NT$8.60m (loss narrowed 88% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.New Risk • Apr 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.22b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Paying a dividend despite having no free cash flows. Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.22b market cap, or US$99.1m).分析記事 • Mar 24APCB (TWSE:6108) Is Posting Promising Earnings But The Good News Doesn’t Stop ThereAPCB Inc.'s ( TWSE:6108 ) solid earnings announcement recently didn't do much to the stock price. Our analysis suggests...Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$0.34 (vs NT$0.22 in FY 2022)Full year 2023 results: EPS: NT$0.34 (up from NT$0.22 in FY 2022). Revenue: NT$5.95b (down 14% from FY 2022). Net income: NT$54.3m (up 56% from FY 2022). Profit margin: 0.9% (up from 0.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Mar 09APCB Inc., Annual General Meeting, Jun 19, 2024APCB Inc., Annual General Meeting, Jun 19, 2024. Location: No. 240, Sec. 3, Daguan Rd., Banqiao Dist., Qukunlun Park Activity Center, New Tapei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee Report; to consider Report on Endorsements/Guarantees Status in 2023; to consider report on Loaning of Funds in 2023; to consider report on Investment status in Mainland China in 2023; to consider report on Distribution of Remuneration to Employees, Directors of 2023; to consider The Company's 2023 financial statements and business report are proposed for acceptance; to consider the Company's 2023 earnings allocation is proposed for acceptance; and to consider other matters.New Risk • Feb 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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (124% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin).Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: NT$0.62 (vs NT$0.39 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.62 (up from NT$0.39 in 3Q 2022). Revenue: NT$1.66b (down 14% from 3Q 2022). Net income: NT$98.7m (up 59% from 3Q 2022). Profit margin: 5.9% (up from 3.2% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Oct 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (285% payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.97b market cap, or US$91.4m).Upcoming Dividend • Aug 17Upcoming dividend of NT$0.50 per share at 2.8% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 15 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.2%).Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: NT$0.47 (vs NT$0.10 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.47 (up from NT$0.10 loss in 2Q 2022). Revenue: NT$1.46b (down 15% from 2Q 2022). Net income: NT$74.5m (up NT$91.0m from 2Q 2022). Profit margin: 5.1% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: NT$0.39 (vs NT$0.32 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.39 (up from NT$0.32 in 3Q 2021). Revenue: NT$1.93b (down 19% from 3Q 2021). Net income: NT$62.2m (up 23% from 3Q 2021). Profit margin: 3.2% (up from 2.1% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 • Aug 18Second quarter 2022 earnings released: NT$0.10 loss per share (vs NT$0.69 profit in 2Q 2021)Second quarter 2022 results: NT$0.10 loss per share (down from NT$0.69 profit in 2Q 2021). Revenue: NT$1.72b (down 26% from 2Q 2021). Net loss: NT$16.6m (down 115% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Aug 18Upcoming dividend of NT$1.05 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 15 September 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.9%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.4%).Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.16 (down from NT$0.21 in 1Q 2021). Revenue: NT$1.81b (down 18% from 1Q 2021). Net income: NT$25.6m (down 23% from 1Q 2021). Profit margin: 1.4% (in line with 1Q 2021). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 and revenues miss analyst expectationsFull year 2021 results: EPS: NT$1.50 (up from NT$0.52 loss in FY 2020). Revenue: NT$9.10b (up 9.6% from FY 2020). Net income: NT$240.4m (up NT$323.6m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS NT$0.32 (vs NT$0.39 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.37b (up 7.4% from 3Q 2020). Net income: NT$50.6m (up NT$112.6m from 3Q 2020). Profit margin: 2.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 19Second quarter 2021 earnings released: EPS NT$0.69 (vs NT$0.93 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$2.32b (up 6.7% from 2Q 2020). Net income: NT$109.9m (down 26% from 2Q 2020). Profit margin: 4.7% (down from 6.9% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Aug 18Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 25 August 2021. Payment date: 15 September 2021. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.3%).Reported Earnings • May 17First quarter 2021 earnings released: EPS NT$0.21 (vs NT$0.79 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.21b (up 27% from 1Q 2020). Net income: NT$33.1m (up NT$160.0m from 1Q 2020). Profit margin: 1.5% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.分析記事 • Apr 13Estimating The Fair Value Of APCB Inc. (TPE:6108)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of APCB Inc. ( TPE:6108...Reported Earnings • Apr 01Full year 2020 earnings released: NT$0.52 loss per share (vs NT$2.22 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$8.31b (up 4.9% from FY 2019). Net loss: NT$83.2m (down 123% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.分析記事 • Mar 23Does APCB (TPE:6108) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Mar 02Are Dividend Investors Making A Mistake With APCB Inc. (TPE:6108)?Dividend paying stocks like APCB Inc. ( TPE:6108 ) tend to be popular with investors, and for good reason - some...分析記事 • Feb 09Does APCB (TPE:6108) Have The Makings Of A Multi-Bagger?What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...分析記事 • Jan 19APCB (TPE:6108) Has Gifted Shareholders With A Fantastic 166% Total Return On Their InvestmentWhen you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...分析記事 • Dec 29Calculating The Fair Value Of APCB Inc. (TPE:6108)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of APCB Inc. ( TPE:6108...Is New 90 Day High Low • Dec 23New 90-day low: NT$20.25The company is down 2.0% from its price of NT$20.75 on 24 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.分析記事 • Dec 08APCB (TPE:6108) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.39 loss per shareThe company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: NT$2.20b (up 5.5% from 3Q 2019). Net loss: NT$62.0m (down 161% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 09New 90-day low: NT$20.30The company is down 7.0% from its price of NT$21.80 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、APCB は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TWSE:6108 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20254,176-139-56139N/A9/30/20254,208-351-19612N/A6/30/20254,39036-178-15N/A3/31/20254,698998218N/A12/31/20245,095148284504N/A9/30/20245,456309116316N/A6/30/20245,76144109288N/A3/31/20245,890118-6781N/A12/31/20235,95154-4797N/A9/30/20236,03565698862N/A6/30/20236,299289031,093N/A3/31/20236,563-631,1601,354N/A12/31/20226,955351,4871,668N/A9/30/20227,6671181,1541,369N/A6/30/20228,105107627818N/A3/31/20228,701233206422N/A12/31/20219,104240-19074N/A9/30/20219,086150-386-110N/A6/30/20218,92438-313-24N/A3/31/20218,77877-25048N/A12/31/20208,308-83-24929N/A9/30/20208,137-27-18093N/A6/30/20208,021137163418N/A3/31/20207,789158260530N/A12/31/20197,9173559541,255N/A9/30/20198,033435N/A1,924N/A6/30/20198,249569N/A1,317N/A3/31/20198,615614N/A1,605N/A12/31/20188,933556N/A871N/A9/30/20189,033496N/A272N/A6/30/20189,093304N/A912N/A3/31/20188,934193N/A529N/A12/31/20178,734273N/A902N/A9/30/20178,662412N/A761N/A6/30/20178,589523N/A754N/A3/31/20178,567526N/A967N/A12/31/20168,584505N/A1,217N/A9/30/20168,474591N/A1,894N/A6/30/20168,205304N/A1,448N/A3/31/20168,021137N/A1,345N/A12/31/20157,81519N/A986N/A9/30/20157,941-230N/A659N/A6/30/20158,20746N/A980N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 6108の予測収益成長が 貯蓄率 ( 1.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 6108の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 6108の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 6108の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 6108の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 6108の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance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 03:37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APCB Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Junzhe HungMasterlink Securities Investment Advisory
Buy Or Sell Opportunity • Apr 14Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to NT$17.45. The fair value is estimated to be NT$13.82, 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. Meanwhile, the company became loss making.
Reported Earnings • Mar 18Full year 2025 earnings released: NT$0.88 loss per share (vs NT$0.93 profit in FY 2024)Full year 2025 results: NT$0.88 loss per share (down from NT$0.93 profit in FY 2024). Revenue: NT$4.18b (down 18% from FY 2024). Net loss: NT$138.8m (down 194% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Mar 18Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to NT$17.15. The fair value is estimated to be NT$13.93, 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. Meanwhile, the company became loss making.
お知らせ • Mar 09APCB Inc., Annual General Meeting, Jun 17, 2026APCB Inc., Annual General Meeting, Jun 17, 2026. Location: no,240, sec.3 ta kuan rd., banciao district, new taipei city Taiwan
Buy Or Sell Opportunity • Feb 26Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to NT$15.50. The fair value is estimated to be NT$12.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Jan 12Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 1.3% to NT$15.15. The fair value is estimated to be NT$12.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 18Third quarter 2025 earnings released: NT$0.15 loss per share (vs NT$2.27 profit in 3Q 2024)Third quarter 2025 results: NT$0.15 loss per share (down from NT$2.27 profit in 3Q 2024). Revenue: NT$1.18b (down 13% from 3Q 2024). Net loss: NT$23.0m (down 106% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Oct 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 7.9% to NT$15.00. The fair value is estimated to be NT$12.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has grown by 27%.
Buy Or Sell Opportunity • Oct 09Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to NT$15.70. The fair value is estimated to be NT$12.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has grown by 27%.
Upcoming Dividend • Aug 24Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 19 September 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.6%).
Buy Or Sell Opportunity • Aug 22Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 6.9% to NT$15.50. The fair value is estimated to be NT$12.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has grown by 27%.
Reported Earnings • Aug 19Second quarter 2025 earnings released: NT$0.40 loss per share (vs NT$0.004 profit in 2Q 2024)Second quarter 2025 results: NT$0.40 loss per share (down from NT$0.004 profit in 2Q 2024). Revenue: NT$1.02b (down 23% from 2Q 2024). Net loss: NT$62.9m (down NT$63.6m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Declared Dividend • Aug 10Dividend increased to NT$1.00Dividend of NT$1.00 is 100% higher than last year. Ex-date: 28th August 2025 Payment date: 19th September 2025 Dividend yield will be 6.5%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (161% earnings payout ratio) nor is it covered by cash flows (dividend approximately 18x free cash flows). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 79% to bring the payout ratio under control. However, EPS has declined by 8.6% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • May 17First quarter 2025 earnings released: NT$0.36 loss per share (vs NT$0.054 loss in 1Q 2024)First quarter 2025 results: NT$0.36 loss per share (further deteriorated from NT$0.054 loss in 1Q 2024). Revenue: NT$955.9m (down 29% from 1Q 2024). Net loss: NT$57.4m (loss widened NT$48.8m from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$12.85, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total loss to shareholders of 28% over the past three years.
New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 152% 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 3.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.48b market cap, or US$75.0m).
Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$0.93 (vs NT$0.34 in FY 2023)Full year 2024 results: EPS: NT$0.93 (up from NT$0.34 in FY 2023). Revenue: NT$5.10b (down 14% from FY 2023). Net income: NT$148.0m (up 173% from FY 2023). Profit margin: 2.9% (up from 0.9% in FY 2023). The increase in margin was driven by lower expenses. 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 6% per year.
お知らせ • Mar 10APCB Inc., Annual General Meeting, Jun 20, 2025APCB Inc., Annual General Meeting, Jun 20, 2025. Location: no,240, sec.3 ta kuan rd., banciao district, new taipei city Taiwan
お知らせ • Mar 01APCB Inc. to Report Q4, 2024 Results on Mar 07, 2025APCB Inc. announced that they will report Q4, 2024 results on Mar 07, 2025
Board Change • Jan 08Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent director Baozhu Lin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 31APCB Inc. to Report Q3, 2024 Results on Nov 08, 2024APCB Inc. announced that they will report Q3, 2024 results on Nov 08, 2024
お知らせ • Oct 09APCB Inc. to Cease Production at the Taiwan Plant Starting December 25, 2024 and Layoffs Employees, Expects Late December 2024APCB Inc. announced adjustments to Taiwan Plant Operations and Employee Layoffs. The company's Taiwan plant has been experiencing a 3-year deficit since the pandemic ended in 2022 due to downturns in the consumer electronics and increased raw material costs. Considering the future market and shareholders' interests, the Company will cease production at the Taiwan plant starting December 25, 2024. Production for future orders will be handed over to subsidiary APCB Electronics(Kunshan)CO., LTD. Certain personnel at the Taiwan plant will remain employed for operational needs, while others will have their employment contracts terminated in accordance with the Labor Standards Act and relevant laws. Additionally, in compliance with the Employment Service Act, the company will notify the competent authority regarding the mass layoffs. Notification of layoffs: Expected October 9, 2024. Layoffs effective on: Expected late December 2024. This adjustment is made with a focus on the operational performance of the Group to minimize losses and enhance shareholders' interests. It was reviewed and approved by the Audit Committee on October 8, 2024 before the Board of Directors’ final approval. Production capacity of the fully or partially suspended work items: Projected reduction in capacity for 2025: 2.64 million ft. Production output of the fully or partially suspended work items: Projected revenue reduction for 2025: TWD 780 million.
Valuation Update With 7 Day Price Move • Sep 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$15.70, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total loss to shareholders of 22% over the past three years.
New Risk • Sep 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% 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 39% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (181% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.15b market cap, or US$98.3m).
分析記事 • Aug 20APCB (TWSE:6108) Will Pay A Dividend Of NT$0.50APCB Inc.'s ( TWSE:6108 ) investors are due to receive a payment of NT$0.50 per share on 20th of September. The...
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.004 (vs NT$0.47 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.004 (down from NT$0.47 in 2Q 2023). Revenue: NT$1.33b (down 8.8% from 2Q 2023). Net income: NT$639.0k (down 99% from 2Q 2023). Profit margin: 0% (down from 5.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$20.35, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 1.1% over the past three years.
Declared Dividend • Aug 12Dividend of NT$0.50 announcedDividend of NT$0.50 is the same as last year. Ex-date: 29th August 2024 Payment date: 20th September 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 25% to shift the payout ratio to a potentially unsustainable range, which is less than the 28% EPS decline seen over the last 5 years.
分析記事 • Aug 09Lacklustre Performance Is Driving APCB Inc.'s (TWSE:6108) Low P/SWhen you see that almost half of the companies in the Electronic industry in Taiwan have price-to-sales ratios (or...
お知らせ • Aug 02APCB Inc. to Report Q2, 2024 Results on Aug 09, 2024APCB Inc. announced that they will report Q2, 2024 results on Aug 09, 2024
New Risk • Jun 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.25b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.25b market cap, or US$99.9m).
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.45 loss in 1Q 2023)First quarter 2024 results: NT$0.05 loss per share (improved from NT$0.45 loss in 1Q 2023). Revenue: NT$1.35b (down 4.3% from 1Q 2023). Net loss: NT$8.60m (loss narrowed 88% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
New Risk • Apr 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.22b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Paying a dividend despite having no free cash flows. Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.22b market cap, or US$99.1m).
分析記事 • Mar 24APCB (TWSE:6108) Is Posting Promising Earnings But The Good News Doesn’t Stop ThereAPCB Inc.'s ( TWSE:6108 ) solid earnings announcement recently didn't do much to the stock price. Our analysis suggests...
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$0.34 (vs NT$0.22 in FY 2022)Full year 2023 results: EPS: NT$0.34 (up from NT$0.22 in FY 2022). Revenue: NT$5.95b (down 14% from FY 2022). Net income: NT$54.3m (up 56% from FY 2022). Profit margin: 0.9% (up from 0.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 09APCB Inc., Annual General Meeting, Jun 19, 2024APCB Inc., Annual General Meeting, Jun 19, 2024. Location: No. 240, Sec. 3, Daguan Rd., Banqiao Dist., Qukunlun Park Activity Center, New Tapei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee Report; to consider Report on Endorsements/Guarantees Status in 2023; to consider report on Loaning of Funds in 2023; to consider report on Investment status in Mainland China in 2023; to consider report on Distribution of Remuneration to Employees, Directors of 2023; to consider The Company's 2023 financial statements and business report are proposed for acceptance; to consider the Company's 2023 earnings allocation is proposed for acceptance; and to consider other matters.
New Risk • Feb 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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 48% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (124% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin).
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: NT$0.62 (vs NT$0.39 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.62 (up from NT$0.39 in 3Q 2022). Revenue: NT$1.66b (down 14% from 3Q 2022). Net income: NT$98.7m (up 59% from 3Q 2022). Profit margin: 5.9% (up from 3.2% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Oct 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (285% payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.97b market cap, or US$91.4m).
Upcoming Dividend • Aug 17Upcoming dividend of NT$0.50 per share at 2.8% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 15 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.2%).
Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: NT$0.47 (vs NT$0.10 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.47 (up from NT$0.10 loss in 2Q 2022). Revenue: NT$1.46b (down 15% from 2Q 2022). Net income: NT$74.5m (up NT$91.0m from 2Q 2022). Profit margin: 5.1% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: NT$0.39 (vs NT$0.32 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.39 (up from NT$0.32 in 3Q 2021). Revenue: NT$1.93b (down 19% from 3Q 2021). Net income: NT$62.2m (up 23% from 3Q 2021). Profit margin: 3.2% (up from 2.1% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 • Aug 18Second quarter 2022 earnings released: NT$0.10 loss per share (vs NT$0.69 profit in 2Q 2021)Second quarter 2022 results: NT$0.10 loss per share (down from NT$0.69 profit in 2Q 2021). Revenue: NT$1.72b (down 26% from 2Q 2021). Net loss: NT$16.6m (down 115% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Aug 18Upcoming dividend of NT$1.05 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 15 September 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.9%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (4.4%).
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.16 (down from NT$0.21 in 1Q 2021). Revenue: NT$1.81b (down 18% from 1Q 2021). Net income: NT$25.6m (down 23% from 1Q 2021). Profit margin: 1.4% (in line with 1Q 2021). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 and revenues miss analyst expectationsFull year 2021 results: EPS: NT$1.50 (up from NT$0.52 loss in FY 2020). Revenue: NT$9.10b (up 9.6% from FY 2020). Net income: NT$240.4m (up NT$323.6m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 23%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS NT$0.32 (vs NT$0.39 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.37b (up 7.4% from 3Q 2020). Net income: NT$50.6m (up NT$112.6m from 3Q 2020). Profit margin: 2.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 19Second quarter 2021 earnings released: EPS NT$0.69 (vs NT$0.93 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$2.32b (up 6.7% from 2Q 2020). Net income: NT$109.9m (down 26% from 2Q 2020). Profit margin: 4.7% (down from 6.9% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Aug 18Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 25 August 2021. Payment date: 15 September 2021. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.3%).
Reported Earnings • May 17First quarter 2021 earnings released: EPS NT$0.21 (vs NT$0.79 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.21b (up 27% from 1Q 2020). Net income: NT$33.1m (up NT$160.0m from 1Q 2020). Profit margin: 1.5% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 13Estimating The Fair Value Of APCB Inc. (TPE:6108)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of APCB Inc. ( TPE:6108...
Reported Earnings • Apr 01Full year 2020 earnings released: NT$0.52 loss per share (vs NT$2.22 profit in FY 2019)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$8.31b (up 4.9% from FY 2019). Net loss: NT$83.2m (down 123% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 23Does APCB (TPE:6108) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Mar 02Are Dividend Investors Making A Mistake With APCB Inc. (TPE:6108)?Dividend paying stocks like APCB Inc. ( TPE:6108 ) tend to be popular with investors, and for good reason - some...
分析記事 • Feb 09Does APCB (TPE:6108) Have The Makings Of A Multi-Bagger?What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
分析記事 • Jan 19APCB (TPE:6108) Has Gifted Shareholders With A Fantastic 166% Total Return On Their InvestmentWhen you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
分析記事 • Dec 29Calculating The Fair Value Of APCB Inc. (TPE:6108)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of APCB Inc. ( TPE:6108...
Is New 90 Day High Low • Dec 23New 90-day low: NT$20.25The company is down 2.0% from its price of NT$20.75 on 24 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.
分析記事 • Dec 08APCB (TPE:6108) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.39 loss per shareThe company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: NT$2.20b (up 5.5% from 3Q 2019). Net loss: NT$62.0m (down 161% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 09New 90-day low: NT$20.30The company is down 7.0% from its price of NT$21.80 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period.