View Past PerformanceDrayTek バランスシートの健全性財務の健全性 基準チェック /66DrayTekの総株主資本はNT$1.6B 、総負債はNT$0.0で、負債比率は0%となります。総資産と総負債はそれぞれNT$1.9BとNT$237.0Mです。 DrayTekの EBIT はNT$26.3Mで、利息カバレッジ比率-1です。現金および短期投資はNT$1.4Bです。主要情報0%負債資本比率NT$0負債インタレスト・カバレッジ・レシオ-1x現金NT$1.36bエクイティNT$1.64b負債合計NT$236.99m総資産NT$1.88b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 06First quarter 2026 earnings released: NT$0.12 loss per share (vs NT$0.42 profit in 1Q 2025)First quarter 2026 results: NT$0.12 loss per share (down from NT$0.42 profit in 1Q 2025). Revenue: NT$136.9m (down 33% from 1Q 2025). Net loss: NT$11.7m (down 129% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.New Risk • May 06New major risk - Revenue and earnings growthEarnings have declined by 6.2% 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 Risk Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$2.33b market cap, or US$74.0m).Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.60 (vs NT$2.88 in FY 2024)Full year 2025 results: EPS: NT$0.60 (down from NT$2.88 in FY 2024). Revenue: NT$757.2m (down 36% from FY 2024). Net income: NT$57.6m (down 79% from FY 2024). Profit margin: 7.6% (down from 23% in FY 2024). The decrease in margin was driven by lower revenue. 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 1% per year.お知らせ • Mar 12DrayTek Corporation, Annual General Meeting, Jun 26, 2026DrayTek Corporation, Annual General Meeting, Jun 26, 2026. Location: no,26, fu hsing rd., feng shan ts`un, hukou township, hsinchu county TaiwanReported Earnings • Nov 06Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.72 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.32 (down from NT$0.72 in 3Q 2024). Revenue: NT$191.5m (down 43% from 3Q 2024). Net income: NT$31.1m (down 55% from 3Q 2024). Profit margin: 16% (down from 20% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.New Risk • Aug 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$2.82b (US$92.1m) 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: Minor Risks Dividend is not well covered by earnings (222% payout ratio). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (NT$2.82b market cap, or US$92.1m).Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.33 loss per share (vs NT$1.07 profit in 2Q 2024)Second quarter 2025 results: NT$0.33 loss per share (down from NT$1.07 profit in 2Q 2024). Revenue: NT$211.0m (down 44% from 2Q 2024). Net loss: NT$32.2m (down 132% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.Declared Dividend • Aug 13Dividend of NT$2.53 announcedShareholders will receive a dividend of NT$2.53. Ex-date: 27th August 2025 Payment date: 1st October 2025 Dividend yield will be 7.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Jun 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$2.95b (US$98.8m) 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.95b market cap, or US$98.8m).Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$0.42 (vs NT$0.73 in 1Q 2024)First quarter 2025 results: EPS: NT$0.42 (down from NT$0.73 in 1Q 2024). Revenue: NT$203.9m (down 27% from 1Q 2024). Net income: NT$40.0m (down 41% from 1Q 2024). Profit margin: 20% (down from 24% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year.お知らせ • Apr 30DrayTek Corporation to Report Q1, 2025 Results on May 07, 2025DrayTek Corporation announced that they will report Q1, 2025 results on May 07, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to NT$28.70, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total returns to shareholders of 10% over the past three years.New Risk • Apr 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$96.6m) 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.19b market cap, or US$96.6m).Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$2.88 (vs NT$1.34 in FY 2023)Full year 2024 results: EPS: NT$2.88 (up from NT$1.34 in FY 2023). Revenue: NT$1.18b (up 52% from FY 2023). Net income: NT$271.6m (up 121% from FY 2023). Profit margin: 23% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 12DrayTek Corporation, Annual General Meeting, Jun 26, 2025DrayTek Corporation, Annual General Meeting, Jun 26, 2025. Location: no,26, fu hsing rd., feng shan ts`un, hukou township, hsinchu county TaiwanValuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$40.30, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 30x in the Communications industry in Taiwan. Total returns to shareholders of 66% over the past three years.分析記事 • Nov 12We Think DrayTek's (TWSE:6216) Profit Is Only A Baseline For What They Can AchieveThe subdued stock price reaction suggests that DrayTek Corporation's ( TWSE:6216 ) strong earnings didn't offer any...New Risk • Nov 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.9% increase in shares outstanding).New Risk • Nov 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: 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 (7.5% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding).Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: NT$0.72 (vs NT$0.62 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.72 (up from NT$0.62 in 3Q 2023). Revenue: NT$337.2m (up 42% from 3Q 2023). Net income: NT$68.9m (up 20% from 3Q 2023). Profit margin: 20% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$53.10, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 122% over the past three years.お知らせ • Oct 29DrayTek Corporation to Report Q3, 2024 Results on Nov 05, 2024DrayTek Corporation announced that they will report Q3, 2024 results on Nov 05, 2024分析記事 • Oct 14The Returns At DrayTek (TWSE:6216) Aren't GrowingWhat 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 • Aug 22DrayTek's (TWSE:6216) Dividend Will Be Reduced To NT$1.65DrayTek Corporation's ( TWSE:6216 ) dividend is being reduced from last year's payment covering the same period to...New Risk • Aug 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: 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 (8.0% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding).分析記事 • Aug 08DrayTek (TWSE:6216) Has Announced That Its Dividend Will Be Reduced To NT$1.65DrayTek Corporation ( TWSE:6216 ) has announced that on 2nd of October, it will be paying a dividend ofNT$1.65, which a...Declared Dividend • Aug 08Dividend reduced to NT$1.65Dividend of NT$1.65 is 0.8% lower than last year. Ex-date: 28th August 2024 Payment date: 2nd October 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: NT$1.07 (vs NT$0.71 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.07 (up from NT$0.71 in 2Q 2023). Revenue: NT$376.5m (up 66% from 2Q 2023). Net income: NT$101.3m (up 55% from 2Q 2023). Profit margin: 27% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • Jul 30DrayTek Corporation to Report Q2, 2024 Results on Aug 06, 2024DrayTek Corporation announced that they will report Q2, 2024 results on Aug 06, 2024お知らせ • Jul 18+ 2 more updatesDrayTek Corporation Announces the Appointment of GWen, Chang-Chung as Chief Executive OfficerDrayTek Corporation announced the appointment of GWen, Chang-Chung as Chief Executive Officer. Resume of the new position holder: Director and Software R&D Vice President, DrayTek Co. Ltd. Effective date: July 17, 2024.New Risk • Jun 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% 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: Major Risk Earnings have declined by 1.5% 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. Share price has been volatile over the past 3 months (6.9% average weekly change).分析記事 • Jun 11Subdued Growth No Barrier To DrayTek Corporation (TWSE:6216) With Shares Advancing 26%The DrayTek Corporation ( TWSE:6216 ) share price has done very well over the last month, posting an excellent gain of...Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$46.50, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 117% over the past three years.お知らせ • May 02DrayTek Corporation to Report Q1, 2024 Results on May 09, 2024DrayTek Corporation announced that they will report Q1, 2024 results on May 09, 2024New Risk • Apr 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$97.6m) 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 1.5% 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. Market cap is less than US$100m (NT$3.17b market cap, or US$97.6m).Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$1.34 (vs NT$1.96 in FY 2022)Full year 2023 results: EPS: NT$1.34 (down from NT$1.96 in FY 2022). Revenue: NT$775.3m (down 14% from FY 2022). Net income: NT$123.0m (down 30% from FY 2022). Profit margin: 16% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.お知らせ • Mar 15DrayTek Corporation, Annual General Meeting, Jun 26, 2024DrayTek Corporation, Annual General Meeting, Jun 26, 2024. Location: No.26, Fuxing Rd., Fengshan Vil., Hukou Township Hsinchu County, Taiwan (R.O.C.) Hsinchu County Taiwan Agenda: To consider Report on the distribution of remunerations of employees and Directors in 2023; to consider Business report for 2023; to consider Audit Committees Review Report.New Risk • Nov 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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% Cash payout ratio: 203% Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Market cap is less than US$100m (NT$2.88b market cap, or US$90.8m).New Risk • Nov 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Cash payout ratio: 173% Earnings have declined by 2.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change).Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$37.60, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 78% over the past three years.Valuation Update With 7 Day Price Move • Oct 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$34.00, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 58% over the past three years.Upcoming Dividend • Aug 23Upcoming dividend of NT$1.67 per share at 5.5% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 04 October 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.5%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (2.6%).New Risk • Aug 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Cash payout ratio: 175% Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (NT$2.74b market cap, or US$85.9m).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.71 (vs NT$0.90 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.71 (down from NT$0.90 in 2Q 2022). Revenue: NT$226.9m (down 25% from 2Q 2022). Net income: NT$65.2m (down 19% from 2Q 2022). Profit margin: 29% (up from 27% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 01Full year 2022 earnings released: EPS: NT$1.96 (vs NT$1.85 in FY 2021)Full year 2022 results: EPS: NT$1.96 (up from NT$1.85 in FY 2021). Revenue: NT$899.3m (down 3.4% from FY 2021). Net income: NT$175.8m (up 9.2% from FY 2021). Profit margin: 20% (up from 17% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.46 (vs NT$0.40 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.46 (up from NT$0.40 in 3Q 2021). Revenue: NT$141.4m (down 40% from 3Q 2021). Net income: NT$41.4m (up 17% from 3Q 2021). Profit margin: 29% (up from 15% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.46 (vs NT$0.40 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.46 (up from NT$0.40 in 3Q 2021). Revenue: NT$141.4m (down 40% from 3Q 2021). Net income: NT$41.4m (up 17% from 3Q 2021). Profit margin: 29% (up from 15% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Aug 22Upcoming dividend of NT$1.67 per shareEligible shareholders must have bought the stock before 29 August 2022. Payment date: 12 October 2022. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (2.7%).Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$33.95, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 43% over the past three years.Reported Earnings • May 13First quarter 2022 earnings released: EPS: NT$0.68 (vs NT$0.40 in 1Q 2021)First quarter 2022 results: EPS: NT$0.68 (up from NT$0.40 in 1Q 2021). Revenue: NT$290.9m (up 35% from 1Q 2021). Net income: NT$59.8m (up 74% from 1Q 2021). Profit margin: 21% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.35 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$237.0m (up 8.1% from 3Q 2020). Net income: NT$35.3m (up 19% from 3Q 2020). Profit margin: 15% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$30.50, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 40% over the past three years.Upcoming Dividend • Aug 20Upcoming dividend of NT$1.49 per shareEligible shareholders must have bought the stock before 27 August 2021. Payment date: 24 September 2021. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.30 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$215.7m (down 1.4% from 1Q 2020). Net income: NT$34.3m (up 34% from 1Q 2020). Profit margin: 16% (up from 12% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% 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 30Estimating The Fair Value Of DrayTek Corporation (TPE:6216)In this article we are going to estimate the intrinsic value of DrayTek Corporation ( TPE:6216 ) by estimating the...Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$1.27 (vs NT$1.80 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$841.2m (down 8.7% from FY 2019). Net income: NT$108.7m (down 28% from FY 2019). Profit margin: 13% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.分析記事 • Mar 11The Returns On Capital At DrayTek (TPE:6216) Don't Inspire ConfidenceTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...分析記事 • Feb 17Should You Use DrayTek's (TPE:6216) Statutory Earnings To Analyse It?As a general rule, we think profitable companies are less risky than companies that lose money. Having said that...分析記事 • Feb 02Consider This Before Buying DrayTek Corporation (TPE:6216) For The 6.5% DividendIs DrayTek Corporation ( TPE:6216 ) a good dividend stock? How can we tell? Dividend paying companies with growing...分析記事 • Jan 18Is DrayTek Corporation's (TPE:6216) Stock On A Downtrend As A Result Of Its Poor Financials?DrayTek (TPE:6216) has had a rough month with its share price down 1.9%. To decide if this trend could continue, we...分析記事 • Dec 31Share Price Aside, DrayTek (TPE:6216) Has Delivered Shareholders A 11% Return.As an investor its worth striving to ensure your overall portfolio beats the market average. But if you try your hand...分析記事 • Dec 08Here's What's Concerning About DrayTek (TPE:6216)What underlying fundamental trends can indicate that a company might be in decline? Businesses in decline often have...Is New 90 Day High Low • Nov 30New 90-day high: NT$26.80The company is up 4.0% from its price of NT$25.65 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 6.0% over the same period.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS NT$0.35The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$219.2m (down 11% from 3Q 2019). Net income: NT$29.8m (down 31% from 3Q 2019). Profit margin: 14% (down from 18% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 30New 90-day low: NT$25.05The company is down 9.0% from its price of NT$27.45 on 31 July 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 1.0% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: NT$25.35The company is down 9.0% from its price of NT$27.75 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 2.0% over the same period.財務状況分析短期負債: 6216の 短期資産 ( NT$1.7B ) が 短期負債 ( NT$235.5M ) を超えています。長期負債: 6216の短期資産 ( NT$1.7B ) が 長期負債 ( NT$1.5M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 6216は負債がありません。負債の削減: 6216 5 年前には負債がありませんでした。債務返済能力: 6216には負債がないため、営業キャッシュフロー でカバーする必要はありません。インタレストカバレッジ: 6216には負債がないため、利息支払い の負担は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 16:22終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋DrayTek Corporation 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。0
Reported Earnings • May 06First quarter 2026 earnings released: NT$0.12 loss per share (vs NT$0.42 profit in 1Q 2025)First quarter 2026 results: NT$0.12 loss per share (down from NT$0.42 profit in 1Q 2025). Revenue: NT$136.9m (down 33% from 1Q 2025). Net loss: NT$11.7m (down 129% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
New Risk • May 06New major risk - Revenue and earnings growthEarnings have declined by 6.2% 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 Risk Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$2.33b market cap, or US$74.0m).
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$0.60 (vs NT$2.88 in FY 2024)Full year 2025 results: EPS: NT$0.60 (down from NT$2.88 in FY 2024). Revenue: NT$757.2m (down 36% from FY 2024). Net income: NT$57.6m (down 79% from FY 2024). Profit margin: 7.6% (down from 23% in FY 2024). The decrease in margin was driven by lower revenue. 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 1% per year.
お知らせ • Mar 12DrayTek Corporation, Annual General Meeting, Jun 26, 2026DrayTek Corporation, Annual General Meeting, Jun 26, 2026. Location: no,26, fu hsing rd., feng shan ts`un, hukou township, hsinchu county Taiwan
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.72 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.32 (down from NT$0.72 in 3Q 2024). Revenue: NT$191.5m (down 43% from 3Q 2024). Net income: NT$31.1m (down 55% from 3Q 2024). Profit margin: 16% (down from 20% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.
New Risk • Aug 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$2.82b (US$92.1m) 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: Minor Risks Dividend is not well covered by earnings (222% payout ratio). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (NT$2.82b market cap, or US$92.1m).
Reported Earnings • Aug 13Second quarter 2025 earnings released: NT$0.33 loss per share (vs NT$1.07 profit in 2Q 2024)Second quarter 2025 results: NT$0.33 loss per share (down from NT$1.07 profit in 2Q 2024). Revenue: NT$211.0m (down 44% from 2Q 2024). Net loss: NT$32.2m (down 132% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.
Declared Dividend • Aug 13Dividend of NT$2.53 announcedShareholders will receive a dividend of NT$2.53. Ex-date: 27th August 2025 Payment date: 1st October 2025 Dividend yield will be 7.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Jun 23New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$2.95b (US$98.8m) 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.95b market cap, or US$98.8m).
Reported Earnings • May 09First quarter 2025 earnings released: EPS: NT$0.42 (vs NT$0.73 in 1Q 2024)First quarter 2025 results: EPS: NT$0.42 (down from NT$0.73 in 1Q 2024). Revenue: NT$203.9m (down 27% from 1Q 2024). Net income: NT$40.0m (down 41% from 1Q 2024). Profit margin: 20% (down from 24% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Apr 30DrayTek Corporation to Report Q1, 2025 Results on May 07, 2025DrayTek Corporation announced that they will report Q1, 2025 results on May 07, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to NT$28.70, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total returns to shareholders of 10% over the past three years.
New Risk • Apr 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$96.6m) 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.19b market cap, or US$96.6m).
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: NT$2.88 (vs NT$1.34 in FY 2023)Full year 2024 results: EPS: NT$2.88 (up from NT$1.34 in FY 2023). Revenue: NT$1.18b (up 52% from FY 2023). Net income: NT$271.6m (up 121% from FY 2023). Profit margin: 23% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 12DrayTek Corporation, Annual General Meeting, Jun 26, 2025DrayTek Corporation, Annual General Meeting, Jun 26, 2025. Location: no,26, fu hsing rd., feng shan ts`un, hukou township, hsinchu county Taiwan
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$40.30, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 30x in the Communications industry in Taiwan. Total returns to shareholders of 66% over the past three years.
分析記事 • Nov 12We Think DrayTek's (TWSE:6216) Profit Is Only A Baseline For What They Can AchieveThe subdued stock price reaction suggests that DrayTek Corporation's ( TWSE:6216 ) strong earnings didn't offer any...
New Risk • Nov 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.9% increase in shares outstanding).
New Risk • Nov 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: 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 (7.5% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding).
Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: NT$0.72 (vs NT$0.62 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.72 (up from NT$0.62 in 3Q 2023). Revenue: NT$337.2m (up 42% from 3Q 2023). Net income: NT$68.9m (up 20% from 3Q 2023). Profit margin: 20% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$53.10, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 122% over the past three years.
お知らせ • Oct 29DrayTek Corporation to Report Q3, 2024 Results on Nov 05, 2024DrayTek Corporation announced that they will report Q3, 2024 results on Nov 05, 2024
分析記事 • Oct 14The Returns At DrayTek (TWSE:6216) Aren't GrowingWhat 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 • Aug 22DrayTek's (TWSE:6216) Dividend Will Be Reduced To NT$1.65DrayTek Corporation's ( TWSE:6216 ) dividend is being reduced from last year's payment covering the same period to...
New Risk • Aug 12New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: 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 (8.0% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding).
分析記事 • Aug 08DrayTek (TWSE:6216) Has Announced That Its Dividend Will Be Reduced To NT$1.65DrayTek Corporation ( TWSE:6216 ) has announced that on 2nd of October, it will be paying a dividend ofNT$1.65, which a...
Declared Dividend • Aug 08Dividend reduced to NT$1.65Dividend of NT$1.65 is 0.8% lower than last year. Ex-date: 28th August 2024 Payment date: 2nd October 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: NT$1.07 (vs NT$0.71 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.07 (up from NT$0.71 in 2Q 2023). Revenue: NT$376.5m (up 66% from 2Q 2023). Net income: NT$101.3m (up 55% from 2Q 2023). Profit margin: 27% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • Jul 30DrayTek Corporation to Report Q2, 2024 Results on Aug 06, 2024DrayTek Corporation announced that they will report Q2, 2024 results on Aug 06, 2024
お知らせ • Jul 18+ 2 more updatesDrayTek Corporation Announces the Appointment of GWen, Chang-Chung as Chief Executive OfficerDrayTek Corporation announced the appointment of GWen, Chang-Chung as Chief Executive Officer. Resume of the new position holder: Director and Software R&D Vice President, DrayTek Co. Ltd. Effective date: July 17, 2024.
New Risk • Jun 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% 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: Major Risk Earnings have declined by 1.5% 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. Share price has been volatile over the past 3 months (6.9% average weekly change).
分析記事 • Jun 11Subdued Growth No Barrier To DrayTek Corporation (TWSE:6216) With Shares Advancing 26%The DrayTek Corporation ( TWSE:6216 ) share price has done very well over the last month, posting an excellent gain of...
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$46.50, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 117% over the past three years.
お知らせ • May 02DrayTek Corporation to Report Q1, 2024 Results on May 09, 2024DrayTek Corporation announced that they will report Q1, 2024 results on May 09, 2024
New Risk • Apr 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$97.6m) 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 1.5% 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. Market cap is less than US$100m (NT$3.17b market cap, or US$97.6m).
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$1.34 (vs NT$1.96 in FY 2022)Full year 2023 results: EPS: NT$1.34 (down from NT$1.96 in FY 2022). Revenue: NT$775.3m (down 14% from FY 2022). Net income: NT$123.0m (down 30% from FY 2022). Profit margin: 16% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
お知らせ • Mar 15DrayTek Corporation, Annual General Meeting, Jun 26, 2024DrayTek Corporation, Annual General Meeting, Jun 26, 2024. Location: No.26, Fuxing Rd., Fengshan Vil., Hukou Township Hsinchu County, Taiwan (R.O.C.) Hsinchu County Taiwan Agenda: To consider Report on the distribution of remunerations of employees and Directors in 2023; to consider Business report for 2023; to consider Audit Committees Review Report.
New Risk • Nov 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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% Cash payout ratio: 203% Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Market cap is less than US$100m (NT$2.88b market cap, or US$90.8m).
New Risk • Nov 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Cash payout ratio: 173% Earnings have declined by 2.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change).
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$37.60, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 78% over the past three years.
Valuation Update With 7 Day Price Move • Oct 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$34.00, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 58% over the past three years.
Upcoming Dividend • Aug 23Upcoming dividend of NT$1.67 per share at 5.5% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 04 October 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.5%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (2.6%).
New Risk • Aug 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Cash payout ratio: 175% Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (NT$2.74b market cap, or US$85.9m).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.71 (vs NT$0.90 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.71 (down from NT$0.90 in 2Q 2022). Revenue: NT$226.9m (down 25% from 2Q 2022). Net income: NT$65.2m (down 19% from 2Q 2022). Profit margin: 29% (up from 27% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 01Full year 2022 earnings released: EPS: NT$1.96 (vs NT$1.85 in FY 2021)Full year 2022 results: EPS: NT$1.96 (up from NT$1.85 in FY 2021). Revenue: NT$899.3m (down 3.4% from FY 2021). Net income: NT$175.8m (up 9.2% from FY 2021). Profit margin: 20% (up from 17% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.46 (vs NT$0.40 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.46 (up from NT$0.40 in 3Q 2021). Revenue: NT$141.4m (down 40% from 3Q 2021). Net income: NT$41.4m (up 17% from 3Q 2021). Profit margin: 29% (up from 15% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.46 (vs NT$0.40 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.46 (up from NT$0.40 in 3Q 2021). Revenue: NT$141.4m (down 40% from 3Q 2021). Net income: NT$41.4m (up 17% from 3Q 2021). Profit margin: 29% (up from 15% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Aug 22Upcoming dividend of NT$1.67 per shareEligible shareholders must have bought the stock before 29 August 2022. Payment date: 12 October 2022. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (2.7%).
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$33.95, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 43% over the past three years.
Reported Earnings • May 13First quarter 2022 earnings released: EPS: NT$0.68 (vs NT$0.40 in 1Q 2021)First quarter 2022 results: EPS: NT$0.68 (up from NT$0.40 in 1Q 2021). Revenue: NT$290.9m (up 35% from 1Q 2021). Net income: NT$59.8m (up 74% from 1Q 2021). Profit margin: 21% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.35 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$237.0m (up 8.1% from 3Q 2020). Net income: NT$35.3m (up 19% from 3Q 2020). Profit margin: 15% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$30.50, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 40% over the past three years.
Upcoming Dividend • Aug 20Upcoming dividend of NT$1.49 per shareEligible shareholders must have bought the stock before 27 August 2021. Payment date: 24 September 2021. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.30 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$215.7m (down 1.4% from 1Q 2020). Net income: NT$34.3m (up 34% from 1Q 2020). Profit margin: 16% (up from 12% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% 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 30Estimating The Fair Value Of DrayTek Corporation (TPE:6216)In this article we are going to estimate the intrinsic value of DrayTek Corporation ( TPE:6216 ) by estimating the...
Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$1.27 (vs NT$1.80 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$841.2m (down 8.7% from FY 2019). Net income: NT$108.7m (down 28% from FY 2019). Profit margin: 13% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 11The Returns On Capital At DrayTek (TPE:6216) Don't Inspire ConfidenceTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
分析記事 • Feb 17Should You Use DrayTek's (TPE:6216) Statutory Earnings To Analyse It?As a general rule, we think profitable companies are less risky than companies that lose money. Having said that...
分析記事 • Feb 02Consider This Before Buying DrayTek Corporation (TPE:6216) For The 6.5% DividendIs DrayTek Corporation ( TPE:6216 ) a good dividend stock? How can we tell? Dividend paying companies with growing...
分析記事 • Jan 18Is DrayTek Corporation's (TPE:6216) Stock On A Downtrend As A Result Of Its Poor Financials?DrayTek (TPE:6216) has had a rough month with its share price down 1.9%. To decide if this trend could continue, we...
分析記事 • Dec 31Share Price Aside, DrayTek (TPE:6216) Has Delivered Shareholders A 11% Return.As an investor its worth striving to ensure your overall portfolio beats the market average. But if you try your hand...
分析記事 • Dec 08Here's What's Concerning About DrayTek (TPE:6216)What underlying fundamental trends can indicate that a company might be in decline? Businesses in decline often have...
Is New 90 Day High Low • Nov 30New 90-day high: NT$26.80The company is up 4.0% from its price of NT$25.65 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 6.0% over the same period.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS NT$0.35The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$219.2m (down 11% from 3Q 2019). Net income: NT$29.8m (down 31% from 3Q 2019). Profit margin: 14% (down from 18% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 30New 90-day low: NT$25.05The company is down 9.0% from its price of NT$27.45 on 31 July 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 1.0% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: NT$25.35The company is down 9.0% from its price of NT$27.75 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 2.0% over the same period.