InnoCare Optoelectronics（6861）株式概要InnoCare Optoelectronics Corporationは、医療、獣医、セキュリティ、産業用アプリケーション向けのX線フラットパネル検出器およびセンサーの設計、開発、製造、販売を台湾および海外で行っています。 詳細6861 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績3/6財務の健全性6/6配当金0/6報酬過去1年間で収益は16.7%増加しました リスク分析過去5年間で収益は年間4.3%減少しました。 TW市場と比較して、過去 3 か月間の株価の変動が非常に大きいすべてのリスクチェックを見る6861 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$353.0023.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture03b2016201920222025202620282031Revenue NT$2.9bEarnings NT$235.9mAdvancedSet Fair ValueView all narrativesInnoCare Optoelectronics Corporation 競合他社INPAQ TechnologySymbol: TPEX:6284Market cap: NT$14.9bWinmateSymbol: TWSE:3416Market cap: NT$13.8bACES ElectronicsSymbol: TWSE:3605Market cap: NT$12.9bKinko OpticalSymbol: TWSE:6209Market cap: NT$15.8b価格と性能株価の高値、安値、推移の概要InnoCare Optoelectronics過去の株価現在の株価NT$353.0052週高値NT$490.0052週安値NT$45.80ベータ2.191ヶ月の変化-16.35%3ヶ月変化144.29%1年変化655.08%3年間の変化234.60%5年間の変化n/aIPOからの変化188.16%最新ニュースValuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$371, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 42x in the Electronic industry in Taiwan. Total returns to shareholders of 272% over the past three years.Board Change • Jun 15Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Alex Lee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$370, the stock trades at a trailing P/E ratio of 75.2x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 251% over the past three years.Declared Dividend • Jun 01Dividend increased to NT$2.00Dividend of NT$2.00 is 11% higher than last year. Ex-date: 15th June 2026 Payment date: 14th July 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 41%. Cash payout ratio: 34%.Reported Earnings • May 20First quarter 2026 earnings released: EPS: NT$2.12 (vs NT$1.03 in 1Q 2025)First quarter 2026 results: EPS: NT$2.12 (up from NT$1.03 in 1Q 2025). Revenue: NT$791.0m (up 47% from 1Q 2025). Net income: NT$88.0m (up 105% from 1Q 2025). Profit margin: 11% (up from 8.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$146, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past three years.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$371, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 42x in the Electronic industry in Taiwan. Total returns to shareholders of 272% over the past three years.Board Change • Jun 15Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Alex Lee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$370, the stock trades at a trailing P/E ratio of 75.2x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 251% over the past three years.Declared Dividend • Jun 01Dividend increased to NT$2.00Dividend of NT$2.00 is 11% higher than last year. Ex-date: 15th June 2026 Payment date: 14th July 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 41%. Cash payout ratio: 34%.Reported Earnings • May 20First quarter 2026 earnings released: EPS: NT$2.12 (vs NT$1.03 in 1Q 2025)First quarter 2026 results: EPS: NT$2.12 (up from NT$1.03 in 1Q 2025). Revenue: NT$791.0m (up 47% from 1Q 2025). Net income: NT$88.0m (up 105% from 1Q 2025). Profit margin: 11% (up from 8.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$146, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past three years.Buy Or Sell Opportunity • Apr 09Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 108% to NT$136. The fair value is estimated to be NT$109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 12%.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$3.84 (vs NT$3.75 in FY 2024)Full year 2025 results: EPS: NT$3.84 (up from NT$3.75 in FY 2024). Revenue: NT$2.29b (up 15% from FY 2024). Net income: NT$159.5m (up 4.3% from FY 2024). Profit margin: 7.0% (down from 7.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$178, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 45% over the past three years.Buy Or Sell Opportunity • Mar 09Now 24% undervaluedOver the last 90 days, the stock has risen 131% to NT$136. The fair value is estimated to be NT$177, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 18%.お知らせ • Mar 05InnoCare Optoelectronics Corporation, Annual General Meeting, May 29, 2026InnoCare Optoelectronics Corporation, Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,22, nan k`o 3rd rd., sinshih district, tainan city TaiwanValuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$94.80, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total loss to shareholders of 21% over the past three years.New Risk • Feb 23New 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.6% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change).Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$75.30, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total loss to shareholders of 23% over the past three years.Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.72 (vs NT$0.75 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.72 (down from NT$0.75 in 3Q 2024). Revenue: NT$554.8m (up 15% from 3Q 2024). Net income: NT$29.8m (down 3.8% from 3Q 2024). Profit margin: 5.4% (down from 6.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Nov 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$57.60, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total loss to shareholders of 24% over the past three years.New Risk • Oct 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$2.72b market cap, or US$89.5m).Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.77 (vs NT$1.51 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.77 (down from NT$1.51 in 2Q 2024). Revenue: NT$550.8m (up 8.0% from 2Q 2024). Net income: NT$32.0m (down 47% from 2Q 2024). Profit margin: 5.8% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$54.00, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total loss to shareholders of 17% over the past three years.Declared Dividend • May 22Dividend increased to NT$1.80Dividend of NT$1.80 is 64% higher than last year. Ex-date: 5th June 2025 Payment date: 9th July 2025 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 18% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 9.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$1.03 (vs NT$0.51 in 1Q 2024)First quarter 2025 results: EPS: NT$1.03 (up from NT$0.51 in 1Q 2024). Revenue: NT$536.8m (up 17% from 1Q 2024). Net income: NT$42.9m (up 110% from 1Q 2024). Profit margin: 8.0% (up from 4.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • May 06InnoCare Optoelectronics Corporation to Report Q1, 2025 Results on May 13, 2025InnoCare Optoelectronics Corporation announced that they will report Q1, 2025 results on May 13, 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$45.90, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 67% over the past three years.お知らせ • Apr 03InnoCare Optoelectronics Corporation Announces Executive ChangesInnoCare Optoelectronics Corporation announced that the Change to the Principal financial officer and principal accounting officer of the company. Name, title, and resume of the previous position holder: financial officer: Huang,Chung-Wei/Director/the financial officer and accounting officer of the company accounting officer: Huang,Chung-Wei/Director/the financial officer and accounting officer of the company with Name, title, and resume of the new position holder: accounting officer(Temporary): Ivy Cheng/Manager/Finance and Accounting Manager of the Company. Type of change is Resignation. Reason for the change: Personal career planning. Effective date is April 2, 2025. The accounting director is temporary and the financial and accounting directors will be announced after the board of directors formally appoints them.Reported Earnings • Mar 15Full year 2024 earnings released: EPS: NT$3.75 (vs NT$3.00 in FY 2023)Full year 2024 results: EPS: NT$3.75 (up from NT$3.00 in FY 2023). Revenue: NT$1.99b (up 8.3% from FY 2023). Net income: NT$152.9m (up 31% from FY 2023). Profit margin: 7.7% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 24% per year.お知らせ • Mar 06InnoCare Optoelectronics Corporation, Annual General Meeting, May 20, 2025InnoCare Optoelectronics Corporation, Annual General Meeting, May 20, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,22, nan k`o 3rd rd., sinshih district, tainan city Taiwanお知らせ • Feb 26InnoCare Optoelectronics Corporation to Report Q4, 2024 Results on Mar 05, 2025InnoCare Optoelectronics Corporation announced that they will report Q4, 2024 results at 9:00 AM, Taipei Standard Time on Mar 05, 2025New Risk • Dec 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.1% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (408% cash payout ratio). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Market cap is less than US$100m (NT$2.52b market cap, or US$77.2m).Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.75 (vs NT$0.78 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.75 (down from NT$0.78 in 3Q 2023). Revenue: NT$483.7m (up 19% from 3Q 2023). Net income: NT$30.9m (down 1.2% from 3Q 2023). Profit margin: 6.4% (down from 7.7% in 3Q 2023). The decrease in margin was driven by higher expenses.お知らせ • Oct 17InnoCare Optoelectronics Corporation to Report Q3, 2024 Results on Oct 24, 2024InnoCare Optoelectronics Corporation announced that they will report Q3, 2024 results on Oct 24, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.51 (vs NT$1.31 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.51 (up from NT$1.31 in 2Q 2023). Revenue: NT$509.9m (up 13% from 2Q 2023). Net income: NT$60.9m (up 24% from 2Q 2023). Profit margin: 12% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue.分析記事 • Aug 07Getting In Cheap On InnoCare Optoelectronics Corporation (TWSE:6861) Is UnlikelyWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") below 20x, you may consider...お知らせ • Jul 18InnoCare Optoelectronics Corporation to Report Q2, 2024 Results on Jul 25, 2024InnoCare Optoelectronics Corporation announced that they will report Q2, 2024 results on Jul 25, 2024分析記事 • May 27InnoCare Optoelectronics (TWSE:6861) Is Paying Out Less In Dividends Than Last YearInnoCare Optoelectronics Corporation ( TWSE:6861 ) is reducing its dividend to NT$1.10 on the 16th of Julywhich is 15...Declared Dividend • May 27Dividend reduced to NT$1.10Dividend of NT$1.10 is 15% lower than last year. Ex-date: 12th June 2024 Payment date: 16th July 2024 Dividend yield will be 1.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (36% 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 increased by an average of 8.7% per year over the past 2 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.お知らせ • May 25Innocare Optoelectronics Corporation Announces Cash Dividend, Payable on July 16, 2024InnoCare Optoelectronics Corporation announced cash dividend of TWD 1.1 per share. Ex-rights (ex-dividend) trading date is June 12, 2024. Ex-rights (ex-dividend) record date is June 18, 2024. Payment date of common stock cash dividend distribution is July 16, 2024. The total amount of cash dividend from earnings is TWD 44,293,700. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: May 24, 2024.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.51 (vs NT$0.82 in 1Q 2023)First quarter 2024 results: EPS: NT$0.51 (down from NT$0.82 in 1Q 2023). Revenue: NT$458.3m (down 3.7% from 1Q 2023). Net income: NT$20.4m (down 31% from 1Q 2023). Profit margin: 4.5% (down from 6.3% in 1Q 2023). The decrease in margin was driven by lower revenue.Buy Or Sell Opportunity • May 15Now 20% overvaluedOver the last 90 days, the stock has fallen 9.3% to NT$72.30. The fair value is estimated to be NT$60.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has declined by 10%.New Risk • Apr 16New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 110% Dividend yield: 1.8% 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 Dividend is not well covered by cash flows (110% cash payout ratio). Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (NT$3.00b market cap, or US$92.1m).お知らせ • Apr 05InnoCare Optoelectronics Corporation to Report Q1, 2024 Results on Apr 11, 2024InnoCare Optoelectronics Corporation announced that they will report Q1, 2024 results on Apr 11, 2024New Risk • Apr 02New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.20b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (NT$3.20b market cap, or US$99.7m).分析記事 • Mar 12InnoCare Optoelectronics' (TWSE:6861) Anemic Earnings Might Be Worse Than You ThinkDespite InnoCare Optoelectronics Corporation's ( TWSE:6861 ) recent earnings report having lackluster headline numbers...New Risk • Mar 12New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.4% Last year net profit margin: 11% 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 Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding).お知らせ • Feb 21InnoCare Optoelectronics Corporation, Annual General Meeting, May 24, 2024InnoCare Optoelectronics Corporation, Annual General Meeting, May 24, 2024. Location: No. 22, Nanke 3rd Road, Xinshi District, Performance Hall on the first floor of the Southern Taiwan Science Park, Tainan City Taiwan Agenda: To consider Business Report of 2023; to consider audit Committee Review Report; to consider report on allocation of 2023 Remuneration to Board of Directors and Employees; to approve the proposals of the 2023 Annual Business Report and Financial Statements; to consider exemption of the limitation of non-competition on the directors of the Company; to consider Overall re-election of directors; and to consider other matters.New Risk • Oct 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.23b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 5.8% over the past year. High level of non-cash earnings (148% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (NT$3.23b market cap, or US$99.6m).New Risk • Oct 11New 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 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Revenue has declined by 5.8% over the past year. High level of non-cash earnings (148% accrual ratio). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$118, the stock trades at a trailing P/E ratio of 22.4x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 69% over the past year.Upcoming Dividend • Jun 02Upcoming dividend of NT$1.30 per share at 1.1% yieldEligible shareholders must have bought the stock before 09 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.4%).お知らせ • May 25InnoCare Optoelectronics Corporation Announces Cash Distribution, Payable on July 14, 2023InnoCare Optoelectronics Corporation announced distribution of cash dividend of TWD 1.3 per share, payable on July 14, 2023. Ex-rights (Ex-dividend) record date is June 17, 2023.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$157, the stock trades at a trailing P/E ratio of 27.1x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 9.2% over the past year.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$115, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 22% over the past year.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$74.00, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 11x in the Electronic industry in Taiwan.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$76.20, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 13x in the Electronic industry in Taiwan.お知らせ • May 26InnoCare Optoelectronics Corporation Announces Distribution, Payable on July 14, 2022InnoCare Optoelectronics Corporation announced distribution of cash is TWD 1.10 per share, payable on July 14, 2022. Ex-rights (Ex-dividend) record date is June 18, 2022.Valuation Update With 7 Day Price Move • Apr 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$119, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 16x in the Electronic industry in Taiwan.株主還元6861TW ElectronicTW 市場7D4.6%0.07%2.8%1Y655.1%208.1%110.4%株主還元を見る業界別リターン: 6861過去 1 年間で208.1 % の収益を上げたTW Electronic業界を上回りました。リターン対市場: 6861過去 1 年間で110.4 % の収益を上げたTW市場を上回りました。価格変動Is 6861's price volatile compared to industry and market?6861 volatility6861 Average Weekly Movement13.8%Electronic Industry Average Movement9.1%Market Average Movement6.3%10% most volatile stocks in TW Market12.0%10% least volatile stocks in TW Market2.6%安定した株価: 6861の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 6861の weekly volatility ( 14% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2019n/aEric Leewww.innocare-x.comInnoCare Optoelectronics Corporationは、医療、獣医、セキュリティ、産業用アプリケーション向けのX線フラットパネル検出器およびセンサーの設計、開発、製造、販売を台湾および海外で行っている。薄膜トランジスタやシンチレータなどの医療製品のほか、電源ケーブルやイーサネットケーブル、充電器セット、バッテリーなどのアクセサリーも提供している。同社は2019年に設立され、台湾の台南市に本社を置いている。InnoCare Optoelectronics CorporationはInnolux Corporationの子会社として運営されている。もっと見るInnoCare Optoelectronics Corporation 基礎のまとめInnoCare Optoelectronics の収益と売上を時価総額と比較するとどうか。6861 基礎統計学時価総額NT$14.89b収益（TTM）NT$204.66m売上高(TTM)NT$2.55b71.8xPER（株価収益率5.8xP/Sレシオ6861 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6861 損益計算書（TTM）収益NT$2.55b売上原価NT$1.89b売上総利益NT$656.74mその他の費用NT$452.08m収益NT$204.66m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）4.92グロス・マージン25.77%純利益率8.03%有利子負債／自己資本比率3.9%6861 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0.6%現在の配当利回り41%配当性向6861 配当は確実ですか？6861 配当履歴とベンチマークを見る6861 、いつまでに購入すれば配当金を受け取れますか？InnoCare Optoelectronics 配当日配当落ち日Jun 15 2026配当支払日Jul 14 2026配当落ちまでの日数10 days配当支払日までの日数19 days6861 配当は確実ですか？6861 配当履歴とベンチマークを見る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2026/06/24 18:21終値2026/06/24 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋InnoCare Optoelectronics Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Changrong ChenCapital Securities Corporation
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$371, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 42x in the Electronic industry in Taiwan. Total returns to shareholders of 272% over the past three years.
Board Change • Jun 15Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Alex Lee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$370, the stock trades at a trailing P/E ratio of 75.2x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 251% over the past three years.
Declared Dividend • Jun 01Dividend increased to NT$2.00Dividend of NT$2.00 is 11% higher than last year. Ex-date: 15th June 2026 Payment date: 14th July 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 41%. Cash payout ratio: 34%.
Reported Earnings • May 20First quarter 2026 earnings released: EPS: NT$2.12 (vs NT$1.03 in 1Q 2025)First quarter 2026 results: EPS: NT$2.12 (up from NT$1.03 in 1Q 2025). Revenue: NT$791.0m (up 47% from 1Q 2025). Net income: NT$88.0m (up 105% from 1Q 2025). Profit margin: 11% (up from 8.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$146, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past three years.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$371, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 42x in the Electronic industry in Taiwan. Total returns to shareholders of 272% over the past three years.
Board Change • Jun 15Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Alex Lee was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$370, the stock trades at a trailing P/E ratio of 75.2x. Average trailing P/E is 40x in the Electronic industry in Taiwan. Total returns to shareholders of 251% over the past three years.
Declared Dividend • Jun 01Dividend increased to NT$2.00Dividend of NT$2.00 is 11% higher than last year. Ex-date: 15th June 2026 Payment date: 14th July 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 41%. Cash payout ratio: 34%.
Reported Earnings • May 20First quarter 2026 earnings released: EPS: NT$2.12 (vs NT$1.03 in 1Q 2025)First quarter 2026 results: EPS: NT$2.12 (up from NT$1.03 in 1Q 2025). Revenue: NT$791.0m (up 47% from 1Q 2025). Net income: NT$88.0m (up 105% from 1Q 2025). Profit margin: 11% (up from 8.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$146, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 22% over the past three years.
Buy Or Sell Opportunity • Apr 09Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 108% to NT$136. The fair value is estimated to be NT$109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 12%.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$3.84 (vs NT$3.75 in FY 2024)Full year 2025 results: EPS: NT$3.84 (up from NT$3.75 in FY 2024). Revenue: NT$2.29b (up 15% from FY 2024). Net income: NT$159.5m (up 4.3% from FY 2024). Profit margin: 7.0% (down from 7.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$178, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 45% over the past three years.
Buy Or Sell Opportunity • Mar 09Now 24% undervaluedOver the last 90 days, the stock has risen 131% to NT$136. The fair value is estimated to be NT$177, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 18%.
お知らせ • Mar 05InnoCare Optoelectronics Corporation, Annual General Meeting, May 29, 2026InnoCare Optoelectronics Corporation, Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,22, nan k`o 3rd rd., sinshih district, tainan city Taiwan
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$94.80, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total loss to shareholders of 21% over the past three years.
New Risk • Feb 23New 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.6% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change).
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$75.30, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total loss to shareholders of 23% over the past three years.
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.72 (vs NT$0.75 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.72 (down from NT$0.75 in 3Q 2024). Revenue: NT$554.8m (up 15% from 3Q 2024). Net income: NT$29.8m (down 3.8% from 3Q 2024). Profit margin: 5.4% (down from 6.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$57.60, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total loss to shareholders of 24% over the past three years.
New Risk • Oct 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$2.72b market cap, or US$89.5m).
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: NT$0.77 (vs NT$1.51 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.77 (down from NT$1.51 in 2Q 2024). Revenue: NT$550.8m (up 8.0% from 2Q 2024). Net income: NT$32.0m (down 47% from 2Q 2024). Profit margin: 5.8% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$54.00, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total loss to shareholders of 17% over the past three years.
Declared Dividend • May 22Dividend increased to NT$1.80Dividend of NT$1.80 is 64% higher than last year. Ex-date: 5th June 2025 Payment date: 9th July 2025 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 18% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 9.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 16First quarter 2025 earnings released: EPS: NT$1.03 (vs NT$0.51 in 1Q 2024)First quarter 2025 results: EPS: NT$1.03 (up from NT$0.51 in 1Q 2024). Revenue: NT$536.8m (up 17% from 1Q 2024). Net income: NT$42.9m (up 110% from 1Q 2024). Profit margin: 8.0% (up from 4.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • May 06InnoCare Optoelectronics Corporation to Report Q1, 2025 Results on May 13, 2025InnoCare Optoelectronics Corporation announced that they will report Q1, 2025 results on May 13, 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$45.90, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 67% over the past three years.
お知らせ • Apr 03InnoCare Optoelectronics Corporation Announces Executive ChangesInnoCare Optoelectronics Corporation announced that the Change to the Principal financial officer and principal accounting officer of the company. Name, title, and resume of the previous position holder: financial officer: Huang,Chung-Wei/Director/the financial officer and accounting officer of the company accounting officer: Huang,Chung-Wei/Director/the financial officer and accounting officer of the company with Name, title, and resume of the new position holder: accounting officer(Temporary): Ivy Cheng/Manager/Finance and Accounting Manager of the Company. Type of change is Resignation. Reason for the change: Personal career planning. Effective date is April 2, 2025. The accounting director is temporary and the financial and accounting directors will be announced after the board of directors formally appoints them.
Reported Earnings • Mar 15Full year 2024 earnings released: EPS: NT$3.75 (vs NT$3.00 in FY 2023)Full year 2024 results: EPS: NT$3.75 (up from NT$3.00 in FY 2023). Revenue: NT$1.99b (up 8.3% from FY 2023). Net income: NT$152.9m (up 31% from FY 2023). Profit margin: 7.7% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 24% per year.
お知らせ • Mar 06InnoCare Optoelectronics Corporation, Annual General Meeting, May 20, 2025InnoCare Optoelectronics Corporation, Annual General Meeting, May 20, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,22, nan k`o 3rd rd., sinshih district, tainan city Taiwan
お知らせ • Feb 26InnoCare Optoelectronics Corporation to Report Q4, 2024 Results on Mar 05, 2025InnoCare Optoelectronics Corporation announced that they will report Q4, 2024 results at 9:00 AM, Taipei Standard Time on Mar 05, 2025
New Risk • Dec 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.1% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (408% cash payout ratio). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Market cap is less than US$100m (NT$2.52b market cap, or US$77.2m).
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.75 (vs NT$0.78 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.75 (down from NT$0.78 in 3Q 2023). Revenue: NT$483.7m (up 19% from 3Q 2023). Net income: NT$30.9m (down 1.2% from 3Q 2023). Profit margin: 6.4% (down from 7.7% in 3Q 2023). The decrease in margin was driven by higher expenses.
お知らせ • Oct 17InnoCare Optoelectronics Corporation to Report Q3, 2024 Results on Oct 24, 2024InnoCare Optoelectronics Corporation announced that they will report Q3, 2024 results on Oct 24, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.51 (vs NT$1.31 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.51 (up from NT$1.31 in 2Q 2023). Revenue: NT$509.9m (up 13% from 2Q 2023). Net income: NT$60.9m (up 24% from 2Q 2023). Profit margin: 12% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue.
分析記事 • Aug 07Getting In Cheap On InnoCare Optoelectronics Corporation (TWSE:6861) Is UnlikelyWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") below 20x, you may consider...
お知らせ • Jul 18InnoCare Optoelectronics Corporation to Report Q2, 2024 Results on Jul 25, 2024InnoCare Optoelectronics Corporation announced that they will report Q2, 2024 results on Jul 25, 2024
分析記事 • May 27InnoCare Optoelectronics (TWSE:6861) Is Paying Out Less In Dividends Than Last YearInnoCare Optoelectronics Corporation ( TWSE:6861 ) is reducing its dividend to NT$1.10 on the 16th of Julywhich is 15...
Declared Dividend • May 27Dividend reduced to NT$1.10Dividend of NT$1.10 is 15% lower than last year. Ex-date: 12th June 2024 Payment date: 16th July 2024 Dividend yield will be 1.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (36% 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 increased by an average of 8.7% per year over the past 2 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
お知らせ • May 25Innocare Optoelectronics Corporation Announces Cash Dividend, Payable on July 16, 2024InnoCare Optoelectronics Corporation announced cash dividend of TWD 1.1 per share. Ex-rights (ex-dividend) trading date is June 12, 2024. Ex-rights (ex-dividend) record date is June 18, 2024. Payment date of common stock cash dividend distribution is July 16, 2024. The total amount of cash dividend from earnings is TWD 44,293,700. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: May 24, 2024.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.51 (vs NT$0.82 in 1Q 2023)First quarter 2024 results: EPS: NT$0.51 (down from NT$0.82 in 1Q 2023). Revenue: NT$458.3m (down 3.7% from 1Q 2023). Net income: NT$20.4m (down 31% from 1Q 2023). Profit margin: 4.5% (down from 6.3% in 1Q 2023). The decrease in margin was driven by lower revenue.
Buy Or Sell Opportunity • May 15Now 20% overvaluedOver the last 90 days, the stock has fallen 9.3% to NT$72.30. The fair value is estimated to be NT$60.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has declined by 10%.
New Risk • Apr 16New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 110% Dividend yield: 1.8% 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 Dividend is not well covered by cash flows (110% cash payout ratio). Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (NT$3.00b market cap, or US$92.1m).
お知らせ • Apr 05InnoCare Optoelectronics Corporation to Report Q1, 2024 Results on Apr 11, 2024InnoCare Optoelectronics Corporation announced that they will report Q1, 2024 results on Apr 11, 2024
New Risk • Apr 02New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.20b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (NT$3.20b market cap, or US$99.7m).
分析記事 • Mar 12InnoCare Optoelectronics' (TWSE:6861) Anemic Earnings Might Be Worse Than You ThinkDespite InnoCare Optoelectronics Corporation's ( TWSE:6861 ) recent earnings report having lackluster headline numbers...
New Risk • Mar 12New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.4% Last year net profit margin: 11% 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 Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding).
お知らせ • Feb 21InnoCare Optoelectronics Corporation, Annual General Meeting, May 24, 2024InnoCare Optoelectronics Corporation, Annual General Meeting, May 24, 2024. Location: No. 22, Nanke 3rd Road, Xinshi District, Performance Hall on the first floor of the Southern Taiwan Science Park, Tainan City Taiwan Agenda: To consider Business Report of 2023; to consider audit Committee Review Report; to consider report on allocation of 2023 Remuneration to Board of Directors and Employees; to approve the proposals of the 2023 Annual Business Report and Financial Statements; to consider exemption of the limitation of non-competition on the directors of the Company; to consider Overall re-election of directors; and to consider other matters.
New Risk • Oct 18New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.23b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 5.8% over the past year. High level of non-cash earnings (148% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (NT$3.23b market cap, or US$99.6m).
New Risk • Oct 11New 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 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Revenue has declined by 5.8% over the past year. High level of non-cash earnings (148% accrual ratio). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$118, the stock trades at a trailing P/E ratio of 22.4x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 69% over the past year.
Upcoming Dividend • Jun 02Upcoming dividend of NT$1.30 per share at 1.1% yieldEligible shareholders must have bought the stock before 09 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.4%).
お知らせ • May 25InnoCare Optoelectronics Corporation Announces Cash Distribution, Payable on July 14, 2023InnoCare Optoelectronics Corporation announced distribution of cash dividend of TWD 1.3 per share, payable on July 14, 2023. Ex-rights (Ex-dividend) record date is June 17, 2023.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$157, the stock trades at a trailing P/E ratio of 27.1x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 9.2% over the past year.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$115, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total loss to shareholders of 22% over the past year.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$74.00, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 11x in the Electronic industry in Taiwan.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$76.20, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 13x in the Electronic industry in Taiwan.
お知らせ • May 26InnoCare Optoelectronics Corporation Announces Distribution, Payable on July 14, 2022InnoCare Optoelectronics Corporation announced distribution of cash is TWD 1.10 per share, payable on July 14, 2022. Ex-rights (Ex-dividend) record date is June 18, 2022.
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$119, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 16x in the Electronic industry in Taiwan.
