Tong Hsing Electronic Industries（6271）株式概要Tong Hsing Electronic Industries, Ltd.は、厚膜基板とカスタマイズされた半導体マイクロモジュールパッケージ製品を開発、生産している。 詳細6271 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長1/6過去の実績1/6財務の健全性5/6配当金2/6報酬収益は年間16.63%増加すると予測されています リスク分析リスクチェックの結果、6271 、リスクは検出されなかった。すべてのリスクチェックを見る6271 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$259.005.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture017b2016201920222025202620282031Revenue NT$17.2bEarnings NT$2.1bAdvancedSet Fair ValueView all narrativesTong Hsing Electronic Industries, Ltd. 競合他社Dynamic HoldingSymbol: TWSE:3715Market cap: NT$50.8bLelon ElectronicsSymbol: TWSE:2472Market cap: NT$46.0bSimplo TechnologySymbol: TPEX:6121Market cap: NT$71.2bGlobal Brands ManufactureSymbol: TWSE:6191Market cap: NT$48.9b価格と性能株価の高値、安値、推移の概要Tong Hsing Electronic Industries過去の株価現在の株価NT$259.0052週高値NT$249.0052週安値NT$96.80ベータ1.061ヶ月の変化45.51%3ヶ月変化37.04%1年変化136.53%3年間の変化88.10%5年間の変化66.50%IPOからの変化576.10%最新ニュースValuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 28%After last week's 28% share price gain to NT$227, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$166 per share.Buy Or Sell Opportunity • May 21Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to NT$206. The fair value is estimated to be NT$166, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.6% in a year. Earnings are forecast to grow by 21% in the next year.New Risk • May 03New major risk - Revenue and earnings growthEarnings have declined by 14% 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 14% 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 (9.2% average weekly change). Large one-off items impacting financial results.New Risk • Mar 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% 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: 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 (9.7% average weekly change). Large one-off items impacting financial results.Reported Earnings • Mar 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$7.64 (down from NT$8.20 in FY 2024). Revenue: NT$11.5b (down 4.5% from FY 2024). Net income: NT$1.60b (down 6.8% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.New Risk • Mar 12New major risk - Revenue and earnings growthEarnings have declined by 10% 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 10% 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 (9.8% average weekly change).最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 28%After last week's 28% share price gain to NT$227, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$166 per share.Buy Or Sell Opportunity • May 21Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to NT$206. The fair value is estimated to be NT$166, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.6% in a year. Earnings are forecast to grow by 21% in the next year.New Risk • May 03New major risk - Revenue and earnings growthEarnings have declined by 14% 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 14% 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 (9.2% average weekly change). Large one-off items impacting financial results.New Risk • Mar 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% 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: 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 (9.7% average weekly change). Large one-off items impacting financial results.Reported Earnings • Mar 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$7.64 (down from NT$8.20 in FY 2024). Revenue: NT$11.5b (down 4.5% from FY 2024). Net income: NT$1.60b (down 6.8% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.New Risk • Mar 12New major risk - Revenue and earnings growthEarnings have declined by 10% 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 10% 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 (9.8% average weekly change).New Risk • Mar 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.7% 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 (9.7% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Feb 26Tong Hsing Electronic Industries, Ltd., Annual General Meeting, May 25, 2026Tong Hsing Electronic Industries, Ltd., Annual General Meeting, May 25, 2026. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city TaiwanPrice Target Changed • Feb 26Price target increased by 31% to NT$149Up from NT$114, the current price target is an average from 4 analysts. New target price is 16% below last closing price of NT$177. Stock is up 40% over the past year. The company is forecast to post earnings per share of NT$7.09 for next year compared to NT$8.20 last year.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$189, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$299 per share.New Risk • Feb 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).New Risk • Feb 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$153, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 3.6% over the past three years.Reported Earnings • Nov 01Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: NT$2.28 (down from NT$2.53 in 3Q 2024). Revenue: NT$2.85b (down 7.1% from 3Q 2024). Net income: NT$477.7m (down 9.8% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 49%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Price Target Changed • Oct 22Price target decreased by 7.5% to NT$108Down from NT$117, the current price target is an average from 3 analysts. New target price is 8.6% below last closing price of NT$119. Stock is down 16% over the past year. The company is forecast to post earnings per share of NT$6.43 for next year compared to NT$8.20 last year.Board Change • Sep 09Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kenneth Tai was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Aug 06Consensus EPS estimates fall by 32%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$12.4b to NT$11.8b. EPS estimate also fell from NT$8.78 per share to NT$6.00 per share. Net income forecast to shrink 4.9% next year vs 19% growth forecast for Electronic industry in Taiwan . Consensus price target of NT$117 unchanged from last update. Share price fell 3.8% to NT$103 over the past week.New Risk • Aug 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Jul 31Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$0.34 (down from NT$2.11 in 2Q 2024). Revenue: NT$2.97b (down 3.3% from 2Q 2024). Net income: NT$70.3m (down 84% from 2Q 2024). Profit margin: 2.4% (down from 14% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 28% 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 • Jun 06Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 04 July 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).Price Target Changed • Apr 19Price target decreased by 8.7% to NT$126Down from NT$138, the current price target is an average from 5 analysts. New target price is 26% above last closing price of NT$99.60. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$8.72 for next year compared to NT$8.20 last year.Major Estimate Revision • Apr 18Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$12.6b to NT$13.0b. EPS estimate increased from NT$8.37 to NT$10.14 per share. Net income forecast to grow 24% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$138 to NT$132. Share price rose 6.8% to NT$101 over the past week.お知らせ • Apr 10Tong Hsing Electronic Industries, Ltd. to Report Q1, 2025 Results on Apr 17, 2025Tong Hsing Electronic Industries, Ltd. announced that they will report Q1, 2025 results on Apr 17, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$93.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 54% over the past three years.お知らせ • Mar 04Tong Hsing Electronic Industries, Ltd., Annual General Meeting, May 28, 2025Tong Hsing Electronic Industries, Ltd., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan分析記事 • Mar 04Analyst Estimates: Here's What Brokers Think Of Tong Hsing Electronic Industries, Ltd. (TWSE:6271) After Its Full-Year ReportTong Hsing Electronic Industries, Ltd. ( TWSE:6271 ) shareholders are probably feeling a little disappointed, since its...Reported Earnings • Mar 01Full year 2024 earnings released: EPS: NT$8.20 (vs NT$5.50 in FY 2023)Full year 2024 results: EPS: NT$8.20 (up from NT$5.50 in FY 2023). Revenue: NT$12.1b (up 4.4% from FY 2023). Net income: NT$1.71b (up 49% from FY 2023). Profit margin: 14% (up from 9.9% in FY 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.お知らせ • Feb 20Tong Hsing Electronic Industries, Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025Tong Hsing Electronic Industries, Ltd. announced that they will report fiscal year 2024 results at 9:00 AM, Taipei Standard Time on Feb 27, 2025分析記事 • Feb 19Is Tong Hsing Electronic Industries (TWSE:6271) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Jan 10Should You Investigate Tong Hsing Electronic Industries, Ltd. (TWSE:6271) At NT$124?Tong Hsing Electronic Industries, Ltd. ( TWSE:6271 ), might not be a large cap stock, but it received a lot of...分析記事 • Nov 05Shareholders Will Be Pleased With The Quality of Tong Hsing Electronic Industries' (TWSE:6271) EarningsEven though Tong Hsing Electronic Industries, Ltd. ( TWSE:6271 ) posted strong earnings, investors appeared to be...Price Target Changed • Nov 03Price target decreased by 7.1% to NT$146Down from NT$157, the current price target is an average from 6 analysts. New target price is 15% above last closing price of NT$127. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$7.98 for next year compared to NT$5.50 last year.分析記事 • Nov 03Results: Tong Hsing Electronic Industries, Ltd. Exceeded Expectations And The Consensus Has Updated Its EstimatesShareholders might have noticed that Tong Hsing Electronic Industries, Ltd. ( TWSE:6271 ) filed its quarterly result...Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: NT$2.53 (up from NT$1.34 in 3Q 2023). Revenue: NT$3.07b (up 15% from 3Q 2023). Net income: NT$529.4m (up 89% from 3Q 2023). Profit margin: 17% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.お知らせ • Oct 22Tong Hsing Electronic Industries, Ltd. to Report Q3, 2024 Results on Oct 29, 2024Tong Hsing Electronic Industries, Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024分析記事 • Sep 04Is There Now An Opportunity In Tong Hsing Electronic Industries, Ltd. (TWSE:6271)?Tong Hsing Electronic Industries, Ltd. ( TWSE:6271 ), is not the largest company out there, but it received a lot of...分析記事 • Aug 04Earnings Beat: Tong Hsing Electronic Industries, Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsTong Hsing Electronic Industries, Ltd. ( TWSE:6271 ) shareholders are probably feeling a little disappointed, since its...Reported Earnings • Aug 02Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: NT$2.11 (up from NT$0.059 in 2Q 2023). Revenue: NT$3.07b (up 7.9% from 2Q 2023). Net income: NT$440.7m (up NT$428.3m from 2Q 2023). Profit margin: 14% (up from 0.4% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 26% 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.New Risk • Jul 26New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: 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 (9.8% net profit margin).お知らせ • Jul 23Tong Hsing Electronic Industries, Ltd. to Report Q2, 2024 Results on Jul 30, 2024Tong Hsing Electronic Industries, Ltd. announced that they will report Q2, 2024 results on Jul 30, 2024分析記事 • Jul 12Tong Hsing Electronic Industries (TWSE:6271) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Upcoming Dividend • Jun 20Upcoming dividend of NT$2.40 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 19 July 2024. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.7%).お知らせ • Jun 08Tong Hsing Electronic Industries, Ltd. Announces Change of Representative of Juristic-Person DirectorTong Hsing Electronic Industries, Ltd. announced the change of the representative of juristic-person director. Name of legal person is Huan Tai Co., Ltd. Name and Resume of the previous position holder: Chang Chia-Shuai, General manager of Advanced Power Electronics Co., Ltd. Name and Resume of the new position holder: Chia-Li Huang, COO & CFO of the Company. Effective date of the new appointment is June 6, 2024.Declared Dividend • Jun 01Dividend of NT$2.40 announcedShareholders will receive a dividend of NT$2.40. Ex-date: 27th June 2024 Payment date: 19th July 2024 Dividend yield will be 1.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (44% 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. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 01Tong Hsing Electronic Industries, Ltd. Announces General Manager ChangesTong Hsing Electronic Industries, Ltd. announced the change of General manager of the Company. Name of the previous position holder: Chang Chia-Shuai, Name of the new position holder:Shao-Pin Ru, Chairperson, Kaimei Electronic Corporation. Reason for the change:Mr. Chang Chia-Shuai will dedicate himself exclusively to the role of General manager at Advanced Power Electronics Co., Ltd. to focus fully on the development of MOSFET, IGBT, and POWER ICs businesses. Effective date of the new appointment is May 30, 2024.お知らせ • May 31+ 1 more updateTong Hsing Electronic Industries, Ltd. Approves the Cash Dividend, Payable on July 19, 2024Tong Hsing Electronic Industries, Ltd. approved the cash dividend of TWD 501,739,258 (TWD 2.4 per share). Ex-rights (ex-dividend) trading date is June 27, 2024. Ex-rights (ex-dividend) record date is July 5, 2024. Payment date of common stock cash dividend distribution is July 19, 2024.分析記事 • May 27Why We're Not Concerned About Tong Hsing Electronic Industries, Ltd.'s (TWSE:6271) Share PriceWith a price-to-earnings (or "P/E") ratio of 28.5x Tong Hsing Electronic Industries, Ltd. ( TWSE:6271 ) may be sending...Reported Earnings • Apr 22First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$1.74 (down from NT$1.78 in 1Q 2023). Revenue: NT$2.97b (up 2.4% from 1Q 2023). Net income: NT$364.6m (down 2.0% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Apr 12Tong Hsing Electronic Industries, Ltd. to Report Q1, 2024 Results on Apr 18, 2024Tong Hsing Electronic Industries, Ltd. announced that they will report Q1, 2024 results on Apr 18, 2024分析記事 • Apr 02Are Investors Undervaluing Tong Hsing Electronic Industries, Ltd. (TWSE:6271) By 30%?Key Insights Using the 2 Stage Free Cash Flow to Equity, Tong Hsing Electronic Industries fair value estimate is NT$218...Reported Earnings • Mar 06Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: NT$5.50 (down from NT$15.37 in FY 2022). Revenue: NT$11.6b (down 18% from FY 2022). Net income: NT$1.15b (down 63% from FY 2022). Profit margin: 9.9% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year.Buy Or Sell Opportunity • Mar 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to NT$153. The fair value is estimated to be NT$193, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 68% in the next 2 years.お知らせ • Mar 01+ 1 more updateTong Hsing Electronic Industries, Ltd., Annual General Meeting, May 30, 2024Tong Hsing Electronic Industries, Ltd., Annual General Meeting, May 30, 2024. Location: No.398,Taoying Road, Taoyuan Dist., Taoyuan City Taoyuan City Taiwan Agenda: To consider year 2023 business report; to consider year 2023 audit committee review report; to consider year 2023 employees compensation and remuneration to directors distribution status; to consider the status of year 2023 earnings distribution of cash dividend; to consider year 2023 business report and financial statement; to consider year 2023 earnings distribution; to consider amendment to the company's articles of incorporation; and to consider other issues.Price Target Changed • Dec 23Price target increased by 11% to NT$154Up from NT$139, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$155. Stock is down 0.07% over the past year. The company is forecast to post earnings per share of NT$4.98 for next year compared to NT$15.36 last year.New Risk • Nov 29New 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. Minor Risks 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 (9.6% net profit margin).New Risk • Nov 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.6% net profit margin).Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: NT$1.34 (vs NT$3.70 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.34 (down from NT$3.70 in 3Q 2022). Revenue: NT$2.67b (down 28% from 3Q 2022). Net income: NT$279.6m (down 64% from 3Q 2022). Profit margin: 11% (down from 21% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Aug 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% 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: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin).New Risk • Jul 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 25% 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: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Profit margins are more than 30% lower than last year (13% net profit margin).Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: NT$0.08 (vs NT$6.21 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.08 (down from NT$6.21 in 2Q 2022). Revenue: NT$2.84b (down 21% from 2Q 2022). Net income: NT$12.3m (down 99% from 2Q 2022). Profit margin: 0.4% (down from 28% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Price Target Changed • Jul 26Price target decreased by 7.7% to NT$166Down from NT$180, the current price target is an average from 6 analysts. New target price is 5.5% above last closing price of NT$158. Stock is down 25% over the past year. The company is forecast to post earnings per share of NT$8.18 for next year compared to NT$19.97 last year.Major Estimate Revision • Jul 26Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$12.6b to NT$12.0b. EPS estimate also fell from NT$10.98 per share to NT$8.93 per share. Net income forecast to shrink 53% next year vs 3.8% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$180 to NT$173. Share price fell 10% to NT$158 over the past week.Upcoming Dividend • Jun 27Upcoming dividend of NT$7.77 per share at 4.2% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.2%).お知らせ • Jun 07Tong Hsing Electronic Industries, Ltd. Approves Cash Dividend, Payable on July 21, 2023Tong Hsing Electronic Industries, Ltd. at its shareholders meeting held on June 6, 2023, approved cash dividend of TWD 1,249,536,520 (TWD 7.77007957 per share). The dividend is payable on July 21, 2023 with Ex-rights (ex-dividend) trading date of July 4, 2023 and Ex-rights (ex-dividend) record date of July 10, 2023.Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: NT$2.31 (vs NT$5.65 in 1Q 2022)First quarter 2023 results: EPS: NT$2.31 (down from NT$5.65 in 1Q 2022). Revenue: NT$2.90b (down 16% from 1Q 2022). Net income: NT$372.1m (down 59% from 1Q 2022). Profit margin: 13% (down from 26% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 28Price target decreased by 29% to NT$182Down from NT$255, the current price target is an average from 6 analysts. New target price is 7.2% above last closing price of NT$170. Stock is down 35% over the past year. The company is forecast to post earnings per share of NT$11.69 for next year compared to NT$19.97 last year.Major Estimate Revision • Apr 21Consensus EPS estimates fall by 14%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from NT$12.8b to NT$13.2b. EPS estimate fell from NT$15.62 to NT$13.49 per share. Net income forecast to shrink 29% next year vs 7.3% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$255 to NT$213. Share price fell 14% to NT$166 over the past week.Price Target Changed • Mar 23Price target decreased by 7.5% to NT$255Down from NT$276, the current price target is an average from 5 analysts. New target price is 26% above last closing price of NT$202. Stock is down 37% over the past year. The company is forecast to post earnings per share of NT$17.37 for next year compared to NT$19.98 last year.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$242, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years.Upcoming Dividend • Nov 24Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 01 December 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 47% and the cash payout ratio is 78%. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (6.9%). In line with average of industry peers (4.6%).Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$4.32 (down from NT$5.18 in 3Q 2021). Revenue: NT$3.71b (down 1.7% from 3Q 2021). Net income: NT$771.9m (down 17% from 3Q 2021). Profit margin: 21% (down from 25% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$4.32 (down from NT$5.18 in 3Q 2021). Revenue: NT$3.71b (down 1.7% from 3Q 2021). Net income: NT$771.9m (down 17% from 3Q 2021). Profit margin: 21% (down from 25% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$172, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years.Price Target Changed • Aug 17Price target decreased to NT$280Down from NT$304, the current price target is an average from 8 analysts. New target price is 40% above last closing price of NT$200. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$18.64 for next year compared to NT$15.49 last year.Reported Earnings • Aug 15Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: NT$5.59 (up from NT$3.52 in 2Q 2021). Revenue: NT$3.61b (up 5.0% from 2Q 2021). Net income: NT$998.1m (up 59% from 2Q 2021). Profit margin: 28% (up from 18% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 33%. Over the next year, revenue is forecast to grow 3.8%, compared to a 8.6% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jul 11Price target decreased to NT$304Down from NT$333, the current price target is an average from 8 analysts. New target price is 62% above last closing price of NT$188. Stock is down 23% over the past year. The company is forecast to post earnings per share of NT$18.88 for next year compared to NT$15.49 last year.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$181, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 41% over the past three years.Upcoming Dividend • Jun 27Upcoming dividend of NT$9.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (6.3%). Lower than average of industry peers (4.6%).Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$208, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Electronic industry in Taiwan. Total returns to shareholders of 61% over the past three years.Reported Earnings • Apr 28First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$5.08 (up from NT$2.69 in 1Q 2021). Revenue: NT$3.47b (up 10% from 1Q 2021). Net income: NT$907.8m (up 90% from 1Q 2021). Profit margin: 26% (up from 15% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Supervisor Yu-Chin Tsai is the most experienced director on the board, commencing their role in 2007. Independent Director George Yang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS NT$5.18 (vs NT$2.38 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.78b (up 31% from 3Q 2020). Net income: NT$924.8m (up 137% from 3Q 2020). Profit margin: 25% (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 increased by 17% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 15Price target increased to NT$304Up from NT$282, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$303. Stock is up 64% over the past year. The company is forecast to post earnings per share of NT$14.48 for next year compared to NT$8.12 last year.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$252, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 129% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$441 per share.Valuation Update With 7 Day Price Move • Sep 08Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to NT$216, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 129% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$413 per share.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$280, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$410 per share.Major Estimate Revision • Aug 18Consensus EPS estimates increase to NT$13.37The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$13.5b to NT$13.9b. EPS estimate increased from NT$12.11 to NT$13.37 per share. Net income forecast to grow 32% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$247 to NT$277. Share price rose 7.0% to NT$254 over the past week.Price Target Changed • Aug 16Price target increased to NT$277Up from NT$247, the current price target is an average from 5 analysts. New target price is 16% above last closing price of NT$239. Stock is up 27% over the past year.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$3.52 (vs NT$2.26 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$3.43b (up 67% from 2Q 2020). Net income: NT$628.3m (up 111% from 2Q 2020). Profit margin: 18% (up from 14% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jul 26Upcoming dividend of NT$5.50 per shareEligible shareholders must have bought the stock before 02 August 2021. Payment date: 20 August 2021. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%).Reported Earnings • May 01First quarter 2021 earnings released: EPS NT$2.68 (vs NT$2.18 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$3.14b (up 61% from 1Q 2020). Net income: NT$479.1m (up 76% from 1Q 2020). Profit margin: 15% (up from 14% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Apr 29Factors Income Investors Should Consider Before Adding Tong Hsing Electronic Industries, Ltd. (TPE:6271) To Their PortfolioIs Tong Hsing Electronic Industries, Ltd. ( TPE:6271 ) a good dividend stock? How can we tell? Dividend paying...分析記事 • Apr 13We Think Tong Hsing Electronic Industries (TPE:6271) Can Manage Its Debt With EaseSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Mar 31Should You Be Adding Tong Hsing Electronic Industries (TPE:6271) To Your Watchlist Today?Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...分析記事 • Mar 17A Look At The Intrinsic Value Of Tong Hsing Electronic Industries, Ltd. (TPE:6271)Does the March share price for Tong Hsing Electronic Industries, Ltd. ( TPE:6271 ) reflect what it's really worth...Reported Earnings • Mar 13Full year 2020 earnings released: EPS NT$7.88 (vs NT$5.94 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$10.2b (up 37% from FY 2019). Net income: NT$1.45b (up 96% from FY 2019). Profit margin: 14% (up from 10.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.株主還元6271TW ElectronicTW 市場7D43.1%14.5%6.6%1Y136.5%217.3%102.0%株主還元を見る業界別リターン: 6271過去 1 年間で217.3 % の収益を上げたTW Electronic業界を下回りました。リターン対市場: 6271過去 1 年間で102 % の収益を上げたTW市場を上回りました。価格変動Is 6271's price volatile compared to industry and market?6271 volatility6271 Average Weekly Movement8.4%Electronic Industry Average Movement8.5%Market Average Movement6.2%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%安定した株価: 6271 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 6271の 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1974n/aHeinz Luwww.theil.com同興電子工業有限公司は、厚膜基板とカスタマイズされた半導体マイクロモジュールパッケージ製品を開発・生産している。同社は、直接メッキとボンディング銅、活性金属ろう付け、厚膜プリント回路基板製品、ウェーハプロービングテスト、ウェーハ再構築、パッケージング、画像テストからなるCMOSイメージング製品、高周波無線通信モジュールやパワー半導体などのモジュールパッケージング製品を提供している。ハイブリッド集積回路モジュールやバイオメディカル製品など、カスタマイズされたモジュールパッケージングやテスト製品、パッケージングサービスや基板製造技術も提供している。また、イメージセンサー、MEMS、バイオメディカル検査製品向けに、ウェハープロービング、バックグラインド、ウェハ再構築、アセンブリ、自動検査、完成モジュール検査サービスを提供している。同社の製品は、自動車、航空宇宙、ハンドセット、無線通信、MEMS、イメージセンサー、オプトエレクトロニクス半導体部品、LED、太陽電池、医療用電子機器、ネットワーク機器に使用されている。同社は1974年に設立され、台湾の新北市に本社を置いている。もっと見るTong Hsing Electronic Industries, Ltd. 基礎のまとめTong Hsing Electronic Industries の収益と売上を時価総額と比較するとどうか。6271 基礎統計学時価総額NT$50.91b収益（TTM）NT$1.41b売上高(TTM)NT$11.45b38.4xPER（株価収益率4.7xP/Sレシオ6271 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計6271 損益計算書（TTM）収益NT$11.45b売上原価NT$8.29b売上総利益NT$3.17bその他の費用NT$1.76b収益NT$1.41b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）6.74グロス・マージン27.66%純利益率12.30%有利子負債／自己資本比率15.2%6271 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.2%現在の配当利回り45%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/26 16:29終値2026/05/26 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Tong Hsing Electronic Industries, Ltd. 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9 アナリスト機関Brad LinBofA Global ResearchSam KaoCLSA SinopacMichael ChouDeutsche Bank6 その他のアナリストを表示
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 28%After last week's 28% share price gain to NT$227, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$166 per share.
Buy Or Sell Opportunity • May 21Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to NT$206. The fair value is estimated to be NT$166, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.6% in a year. Earnings are forecast to grow by 21% in the next year.
New Risk • May 03New major risk - Revenue and earnings growthEarnings have declined by 14% 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 14% 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 (9.2% average weekly change). Large one-off items impacting financial results.
New Risk • Mar 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% 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: 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 (9.7% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Mar 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$7.64 (down from NT$8.20 in FY 2024). Revenue: NT$11.5b (down 4.5% from FY 2024). Net income: NT$1.60b (down 6.8% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
New Risk • Mar 12New major risk - Revenue and earnings growthEarnings have declined by 10% 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 10% 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 (9.8% average weekly change).
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 28%After last week's 28% share price gain to NT$227, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$166 per share.
Buy Or Sell Opportunity • May 21Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to NT$206. The fair value is estimated to be NT$166, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.6% in a year. Earnings are forecast to grow by 21% in the next year.
New Risk • May 03New major risk - Revenue and earnings growthEarnings have declined by 14% 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 14% 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 (9.2% average weekly change). Large one-off items impacting financial results.
New Risk • Mar 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% 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: 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 (9.7% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Mar 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$7.64 (down from NT$8.20 in FY 2024). Revenue: NT$11.5b (down 4.5% from FY 2024). Net income: NT$1.60b (down 6.8% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
New Risk • Mar 12New major risk - Revenue and earnings growthEarnings have declined by 10% 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 10% 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 (9.8% average weekly change).
New Risk • Mar 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.7% 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 (9.7% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Feb 26Tong Hsing Electronic Industries, Ltd., Annual General Meeting, May 25, 2026Tong Hsing Electronic Industries, Ltd., Annual General Meeting, May 25, 2026. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan
Price Target Changed • Feb 26Price target increased by 31% to NT$149Up from NT$114, the current price target is an average from 4 analysts. New target price is 16% below last closing price of NT$177. Stock is up 40% over the past year. The company is forecast to post earnings per share of NT$7.09 for next year compared to NT$8.20 last year.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$189, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$299 per share.
New Risk • Feb 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).
New Risk • Feb 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$153, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 3.6% over the past three years.
Reported Earnings • Nov 01Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: NT$2.28 (down from NT$2.53 in 3Q 2024). Revenue: NT$2.85b (down 7.1% from 3Q 2024). Net income: NT$477.7m (down 9.8% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 49%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Price Target Changed • Oct 22Price target decreased by 7.5% to NT$108Down from NT$117, the current price target is an average from 3 analysts. New target price is 8.6% below last closing price of NT$119. Stock is down 16% over the past year. The company is forecast to post earnings per share of NT$6.43 for next year compared to NT$8.20 last year.
Board Change • Sep 09Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kenneth Tai was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Aug 06Consensus EPS estimates fall by 32%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$12.4b to NT$11.8b. EPS estimate also fell from NT$8.78 per share to NT$6.00 per share. Net income forecast to shrink 4.9% next year vs 19% growth forecast for Electronic industry in Taiwan . Consensus price target of NT$117 unchanged from last update. Share price fell 3.8% to NT$103 over the past week.
New Risk • Aug 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Jul 31Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: NT$0.34 (down from NT$2.11 in 2Q 2024). Revenue: NT$2.97b (down 3.3% from 2Q 2024). Net income: NT$70.3m (down 84% from 2Q 2024). Profit margin: 2.4% (down from 14% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 28% 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 • Jun 06Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 04 July 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%).
Price Target Changed • Apr 19Price target decreased by 8.7% to NT$126Down from NT$138, the current price target is an average from 5 analysts. New target price is 26% above last closing price of NT$99.60. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$8.72 for next year compared to NT$8.20 last year.
Major Estimate Revision • Apr 18Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$12.6b to NT$13.0b. EPS estimate increased from NT$8.37 to NT$10.14 per share. Net income forecast to grow 24% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$138 to NT$132. Share price rose 6.8% to NT$101 over the past week.
お知らせ • Apr 10Tong Hsing Electronic Industries, Ltd. to Report Q1, 2025 Results on Apr 17, 2025Tong Hsing Electronic Industries, Ltd. announced that they will report Q1, 2025 results on Apr 17, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$93.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 54% over the past three years.
お知らせ • Mar 04Tong Hsing Electronic Industries, Ltd., Annual General Meeting, May 28, 2025Tong Hsing Electronic Industries, Ltd., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan
分析記事 • Mar 04Analyst Estimates: Here's What Brokers Think Of Tong Hsing Electronic Industries, Ltd. (TWSE:6271) After Its Full-Year ReportTong Hsing Electronic Industries, Ltd. ( TWSE:6271 ) shareholders are probably feeling a little disappointed, since its...
Reported Earnings • Mar 01Full year 2024 earnings released: EPS: NT$8.20 (vs NT$5.50 in FY 2023)Full year 2024 results: EPS: NT$8.20 (up from NT$5.50 in FY 2023). Revenue: NT$12.1b (up 4.4% from FY 2023). Net income: NT$1.71b (up 49% from FY 2023). Profit margin: 14% (up from 9.9% in FY 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 20Tong Hsing Electronic Industries, Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025Tong Hsing Electronic Industries, Ltd. announced that they will report fiscal year 2024 results at 9:00 AM, Taipei Standard Time on Feb 27, 2025
分析記事 • Feb 19Is Tong Hsing Electronic Industries (TWSE:6271) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Jan 10Should You Investigate Tong Hsing Electronic Industries, Ltd. (TWSE:6271) At NT$124?Tong Hsing Electronic Industries, Ltd. ( TWSE:6271 ), might not be a large cap stock, but it received a lot of...
分析記事 • Nov 05Shareholders Will Be Pleased With The Quality of Tong Hsing Electronic Industries' (TWSE:6271) EarningsEven though Tong Hsing Electronic Industries, Ltd. ( TWSE:6271 ) posted strong earnings, investors appeared to be...
Price Target Changed • Nov 03Price target decreased by 7.1% to NT$146Down from NT$157, the current price target is an average from 6 analysts. New target price is 15% above last closing price of NT$127. Stock is down 11% over the past year. The company is forecast to post earnings per share of NT$7.98 for next year compared to NT$5.50 last year.
分析記事 • Nov 03Results: Tong Hsing Electronic Industries, Ltd. Exceeded Expectations And The Consensus Has Updated Its EstimatesShareholders might have noticed that Tong Hsing Electronic Industries, Ltd. ( TWSE:6271 ) filed its quarterly result...
Reported Earnings • Nov 01Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: NT$2.53 (up from NT$1.34 in 3Q 2023). Revenue: NT$3.07b (up 15% from 3Q 2023). Net income: NT$529.4m (up 89% from 3Q 2023). Profit margin: 17% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 22Tong Hsing Electronic Industries, Ltd. to Report Q3, 2024 Results on Oct 29, 2024Tong Hsing Electronic Industries, Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
分析記事 • Sep 04Is There Now An Opportunity In Tong Hsing Electronic Industries, Ltd. (TWSE:6271)?Tong Hsing Electronic Industries, Ltd. ( TWSE:6271 ), is not the largest company out there, but it received a lot of...
分析記事 • Aug 04Earnings Beat: Tong Hsing Electronic Industries, Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsTong Hsing Electronic Industries, Ltd. ( TWSE:6271 ) shareholders are probably feeling a little disappointed, since its...
Reported Earnings • Aug 02Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: NT$2.11 (up from NT$0.059 in 2Q 2023). Revenue: NT$3.07b (up 7.9% from 2Q 2023). Net income: NT$440.7m (up NT$428.3m from 2Q 2023). Profit margin: 14% (up from 0.4% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 26% 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.
New Risk • Jul 26New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: 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 (9.8% net profit margin).
お知らせ • Jul 23Tong Hsing Electronic Industries, Ltd. to Report Q2, 2024 Results on Jul 30, 2024Tong Hsing Electronic Industries, Ltd. announced that they will report Q2, 2024 results on Jul 30, 2024
分析記事 • Jul 12Tong Hsing Electronic Industries (TWSE:6271) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Upcoming Dividend • Jun 20Upcoming dividend of NT$2.40 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 19 July 2024. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.7%).
お知らせ • Jun 08Tong Hsing Electronic Industries, Ltd. Announces Change of Representative of Juristic-Person DirectorTong Hsing Electronic Industries, Ltd. announced the change of the representative of juristic-person director. Name of legal person is Huan Tai Co., Ltd. Name and Resume of the previous position holder: Chang Chia-Shuai, General manager of Advanced Power Electronics Co., Ltd. Name and Resume of the new position holder: Chia-Li Huang, COO & CFO of the Company. Effective date of the new appointment is June 6, 2024.
Declared Dividend • Jun 01Dividend of NT$2.40 announcedShareholders will receive a dividend of NT$2.40. Ex-date: 27th June 2024 Payment date: 19th July 2024 Dividend yield will be 1.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (44% 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. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 01Tong Hsing Electronic Industries, Ltd. Announces General Manager ChangesTong Hsing Electronic Industries, Ltd. announced the change of General manager of the Company. Name of the previous position holder: Chang Chia-Shuai, Name of the new position holder:Shao-Pin Ru, Chairperson, Kaimei Electronic Corporation. Reason for the change:Mr. Chang Chia-Shuai will dedicate himself exclusively to the role of General manager at Advanced Power Electronics Co., Ltd. to focus fully on the development of MOSFET, IGBT, and POWER ICs businesses. Effective date of the new appointment is May 30, 2024.
お知らせ • May 31+ 1 more updateTong Hsing Electronic Industries, Ltd. Approves the Cash Dividend, Payable on July 19, 2024Tong Hsing Electronic Industries, Ltd. approved the cash dividend of TWD 501,739,258 (TWD 2.4 per share). Ex-rights (ex-dividend) trading date is June 27, 2024. Ex-rights (ex-dividend) record date is July 5, 2024. Payment date of common stock cash dividend distribution is July 19, 2024.
分析記事 • May 27Why We're Not Concerned About Tong Hsing Electronic Industries, Ltd.'s (TWSE:6271) Share PriceWith a price-to-earnings (or "P/E") ratio of 28.5x Tong Hsing Electronic Industries, Ltd. ( TWSE:6271 ) may be sending...
Reported Earnings • Apr 22First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: NT$1.74 (down from NT$1.78 in 1Q 2023). Revenue: NT$2.97b (up 2.4% from 1Q 2023). Net income: NT$364.6m (down 2.0% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 12Tong Hsing Electronic Industries, Ltd. to Report Q1, 2024 Results on Apr 18, 2024Tong Hsing Electronic Industries, Ltd. announced that they will report Q1, 2024 results on Apr 18, 2024
分析記事 • Apr 02Are Investors Undervaluing Tong Hsing Electronic Industries, Ltd. (TWSE:6271) By 30%?Key Insights Using the 2 Stage Free Cash Flow to Equity, Tong Hsing Electronic Industries fair value estimate is NT$218...
Reported Earnings • Mar 06Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: NT$5.50 (down from NT$15.37 in FY 2022). Revenue: NT$11.6b (down 18% from FY 2022). Net income: NT$1.15b (down 63% from FY 2022). Profit margin: 9.9% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year.
Buy Or Sell Opportunity • Mar 04Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to NT$153. The fair value is estimated to be NT$193, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 68% in the next 2 years.
お知らせ • Mar 01+ 1 more updateTong Hsing Electronic Industries, Ltd., Annual General Meeting, May 30, 2024Tong Hsing Electronic Industries, Ltd., Annual General Meeting, May 30, 2024. Location: No.398,Taoying Road, Taoyuan Dist., Taoyuan City Taoyuan City Taiwan Agenda: To consider year 2023 business report; to consider year 2023 audit committee review report; to consider year 2023 employees compensation and remuneration to directors distribution status; to consider the status of year 2023 earnings distribution of cash dividend; to consider year 2023 business report and financial statement; to consider year 2023 earnings distribution; to consider amendment to the company's articles of incorporation; and to consider other issues.
Price Target Changed • Dec 23Price target increased by 11% to NT$154Up from NT$139, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$155. Stock is down 0.07% over the past year. The company is forecast to post earnings per share of NT$4.98 for next year compared to NT$15.36 last year.
New Risk • Nov 29New 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. Minor Risks 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 (9.6% net profit margin).
New Risk • Nov 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.6% net profit margin).
Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: NT$1.34 (vs NT$3.70 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.34 (down from NT$3.70 in 3Q 2022). Revenue: NT$2.67b (down 28% from 3Q 2022). Net income: NT$279.6m (down 64% from 3Q 2022). Profit margin: 11% (down from 21% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Aug 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% 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: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin).
New Risk • Jul 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 25% 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: Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Profit margins are more than 30% lower than last year (13% net profit margin).
Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: NT$0.08 (vs NT$6.21 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.08 (down from NT$6.21 in 2Q 2022). Revenue: NT$2.84b (down 21% from 2Q 2022). Net income: NT$12.3m (down 99% from 2Q 2022). Profit margin: 0.4% (down from 28% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Price Target Changed • Jul 26Price target decreased by 7.7% to NT$166Down from NT$180, the current price target is an average from 6 analysts. New target price is 5.5% above last closing price of NT$158. Stock is down 25% over the past year. The company is forecast to post earnings per share of NT$8.18 for next year compared to NT$19.97 last year.
Major Estimate Revision • Jul 26Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$12.6b to NT$12.0b. EPS estimate also fell from NT$10.98 per share to NT$8.93 per share. Net income forecast to shrink 53% next year vs 3.8% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$180 to NT$173. Share price fell 10% to NT$158 over the past week.
Upcoming Dividend • Jun 27Upcoming dividend of NT$7.77 per share at 4.2% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.2%).
お知らせ • Jun 07Tong Hsing Electronic Industries, Ltd. Approves Cash Dividend, Payable on July 21, 2023Tong Hsing Electronic Industries, Ltd. at its shareholders meeting held on June 6, 2023, approved cash dividend of TWD 1,249,536,520 (TWD 7.77007957 per share). The dividend is payable on July 21, 2023 with Ex-rights (ex-dividend) trading date of July 4, 2023 and Ex-rights (ex-dividend) record date of July 10, 2023.
Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: NT$2.31 (vs NT$5.65 in 1Q 2022)First quarter 2023 results: EPS: NT$2.31 (down from NT$5.65 in 1Q 2022). Revenue: NT$2.90b (down 16% from 1Q 2022). Net income: NT$372.1m (down 59% from 1Q 2022). Profit margin: 13% (down from 26% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 28Price target decreased by 29% to NT$182Down from NT$255, the current price target is an average from 6 analysts. New target price is 7.2% above last closing price of NT$170. Stock is down 35% over the past year. The company is forecast to post earnings per share of NT$11.69 for next year compared to NT$19.97 last year.
Major Estimate Revision • Apr 21Consensus EPS estimates fall by 14%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from NT$12.8b to NT$13.2b. EPS estimate fell from NT$15.62 to NT$13.49 per share. Net income forecast to shrink 29% next year vs 7.3% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$255 to NT$213. Share price fell 14% to NT$166 over the past week.
Price Target Changed • Mar 23Price target decreased by 7.5% to NT$255Down from NT$276, the current price target is an average from 5 analysts. New target price is 26% above last closing price of NT$202. Stock is down 37% over the past year. The company is forecast to post earnings per share of NT$17.37 for next year compared to NT$19.98 last year.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$242, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Electronic industry in Taiwan. Total returns to shareholders of 20% over the past three years.
Upcoming Dividend • Nov 24Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 01 December 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 47% and the cash payout ratio is 78%. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (6.9%). In line with average of industry peers (4.6%).
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$4.32 (down from NT$5.18 in 3Q 2021). Revenue: NT$3.71b (down 1.7% from 3Q 2021). Net income: NT$771.9m (down 17% from 3Q 2021). Profit margin: 21% (down from 25% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: NT$4.32 (down from NT$5.18 in 3Q 2021). Revenue: NT$3.71b (down 1.7% from 3Q 2021). Net income: NT$771.9m (down 17% from 3Q 2021). Profit margin: 21% (down from 25% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$172, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years.
Price Target Changed • Aug 17Price target decreased to NT$280Down from NT$304, the current price target is an average from 8 analysts. New target price is 40% above last closing price of NT$200. Stock is down 21% over the past year. The company is forecast to post earnings per share of NT$18.64 for next year compared to NT$15.49 last year.
Reported Earnings • Aug 15Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: NT$5.59 (up from NT$3.52 in 2Q 2021). Revenue: NT$3.61b (up 5.0% from 2Q 2021). Net income: NT$998.1m (up 59% from 2Q 2021). Profit margin: 28% (up from 18% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 33%. Over the next year, revenue is forecast to grow 3.8%, compared to a 8.6% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jul 11Price target decreased to NT$304Down from NT$333, the current price target is an average from 8 analysts. New target price is 62% above last closing price of NT$188. Stock is down 23% over the past year. The company is forecast to post earnings per share of NT$18.88 for next year compared to NT$15.49 last year.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$181, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Electronic industry in Taiwan. Total returns to shareholders of 41% over the past three years.
Upcoming Dividend • Jun 27Upcoming dividend of NT$9.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (6.3%). Lower than average of industry peers (4.6%).
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$208, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Electronic industry in Taiwan. Total returns to shareholders of 61% over the past three years.
Reported Earnings • Apr 28First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$5.08 (up from NT$2.69 in 1Q 2021). Revenue: NT$3.47b (up 10% from 1Q 2021). Net income: NT$907.8m (up 90% from 1Q 2021). Profit margin: 26% (up from 15% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Supervisor Yu-Chin Tsai is the most experienced director on the board, commencing their role in 2007. Independent Director George Yang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS NT$5.18 (vs NT$2.38 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.78b (up 31% from 3Q 2020). Net income: NT$924.8m (up 137% from 3Q 2020). Profit margin: 25% (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 increased by 17% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 15Price target increased to NT$304Up from NT$282, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of NT$303. Stock is up 64% over the past year. The company is forecast to post earnings per share of NT$14.48 for next year compared to NT$8.12 last year.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$252, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 129% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$441 per share.
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to NT$216, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 129% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$413 per share.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$280, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$410 per share.
Major Estimate Revision • Aug 18Consensus EPS estimates increase to NT$13.37The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$13.5b to NT$13.9b. EPS estimate increased from NT$12.11 to NT$13.37 per share. Net income forecast to grow 32% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$247 to NT$277. Share price rose 7.0% to NT$254 over the past week.
Price Target Changed • Aug 16Price target increased to NT$277Up from NT$247, the current price target is an average from 5 analysts. New target price is 16% above last closing price of NT$239. Stock is up 27% over the past year.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$3.52 (vs NT$2.26 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$3.43b (up 67% from 2Q 2020). Net income: NT$628.3m (up 111% from 2Q 2020). Profit margin: 18% (up from 14% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jul 26Upcoming dividend of NT$5.50 per shareEligible shareholders must have bought the stock before 02 August 2021. Payment date: 20 August 2021. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (3.0%).
Reported Earnings • May 01First quarter 2021 earnings released: EPS NT$2.68 (vs NT$2.18 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$3.14b (up 61% from 1Q 2020). Net income: NT$479.1m (up 76% from 1Q 2020). Profit margin: 15% (up from 14% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Apr 29Factors Income Investors Should Consider Before Adding Tong Hsing Electronic Industries, Ltd. (TPE:6271) To Their PortfolioIs Tong Hsing Electronic Industries, Ltd. ( TPE:6271 ) a good dividend stock? How can we tell? Dividend paying...
分析記事 • Apr 13We Think Tong Hsing Electronic Industries (TPE:6271) Can Manage Its Debt With EaseSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Mar 31Should You Be Adding Tong Hsing Electronic Industries (TPE:6271) To Your Watchlist Today?Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
分析記事 • Mar 17A Look At The Intrinsic Value Of Tong Hsing Electronic Industries, Ltd. (TPE:6271)Does the March share price for Tong Hsing Electronic Industries, Ltd. ( TPE:6271 ) reflect what it's really worth...
Reported Earnings • Mar 13Full year 2020 earnings released: EPS NT$7.88 (vs NT$5.94 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$10.2b (up 37% from FY 2019). Net income: NT$1.45b (up 96% from FY 2019). Profit margin: 14% (up from 10.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
