View ValuationTaiwan Printed Circuit Board TechvestLtd 将来の成長Future 基準チェック /06現在、 Taiwan Printed Circuit Board TechvestLtdの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Electronic 収益成長33.8%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Price Target Changed • Apr 27Price target increased to NT$48.15Up from NT$44.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$49.10. Stock is down 10% over the past year. The company is forecast to post earnings per share of NT$7.20 for next year compared to NT$8.60 last year.すべての更新を表示Recent updatesDeclared Dividend • May 30Dividend reduced to NT$1.14Dividend of NT$1.14 is 17% lower than last year. Ex-date: 20th July 2026 Payment date: 14th August 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 41% to shift the payout ratio to a potentially unsustainable range, which is more than the 18% EPS decline seen over the last 5 years.Reported Earnings • May 18First quarter 2026 earnings released: EPS: NT$0.30 (vs NT$0.64 in 1Q 2025)First quarter 2026 results: EPS: NT$0.30 (down from NT$0.64 in 1Q 2025). Revenue: NT$4.85b (up 7.6% from 1Q 2025). Net income: NT$82.3m (down 52% from 1Q 2025). Profit margin: 1.7% (down from 3.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$2.27 (vs NT$2.75 in FY 2024)Full year 2025 results: EPS: NT$2.27 (down from NT$2.75 in FY 2024). Revenue: NT$18.4b (up 3.7% from FY 2024). Net income: NT$614.5m (down 18% from FY 2024). Profit margin: 3.3% (down from 4.2% 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 24% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Mar 12Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, May 27, 2026Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,12, kung yeh rd., pingjhen district, taoyuan city TaiwanReported Earnings • Nov 14Third quarter 2025 earnings released: EPS: NT$0.54 (vs NT$0.74 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.54 (down from NT$0.74 in 3Q 2024). Revenue: NT$4.59b (down 1.1% from 3Q 2024). Net income: NT$146.9m (down 27% from 3Q 2024). Profit margin: 3.2% (down from 4.3% in 3Q 2024). 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 2% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.60 (vs NT$0.79 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.60 (down from NT$0.79 in 2Q 2024). Revenue: NT$4.67b (down 1.7% from 2Q 2024). Net income: NT$161.9m (down 25% from 2Q 2024). Profit margin: 3.5% (down from 4.5% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 24Upcoming dividend of NT$1.38 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 21 August 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.0%).Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.64 (vs NT$0.41 in 1Q 2024)First quarter 2025 results: EPS: NT$0.64 (up from NT$0.41 in 1Q 2024). Revenue: NT$4.51b (up 7.9% from 1Q 2024). Net income: NT$172.6m (up 57% from 1Q 2024). Profit margin: 3.8% (up from 2.6% 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 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.お知らせ • May 03Taiwan Printed Circuit Board Techvest Co.,Ltd. to Report Q1, 2025 Results on May 12, 2025Taiwan Printed Circuit Board Techvest Co.,Ltd. announced that they will report Q1, 2025 results on May 12, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$27.45, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 30% over the past three years.Reported Earnings • Mar 18Full year 2024 earnings released: EPS: NT$2.75 (vs NT$4.03 in FY 2023)Full year 2024 results: EPS: NT$2.75 (down from NT$4.03 in FY 2023). Revenue: NT$17.7b (down 6.5% from FY 2023). Net income: NT$746.3m (down 32% from FY 2023). Profit margin: 4.2% (down from 5.8% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% 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.お知らせ • Mar 13Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, May 28, 2025Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, May 28, 2025. Location: 2 floor no,12, kung yeh rd., pingjhen district, taoyuan city Taiwanお知らせ • Mar 05Taiwan Printed Circuit Board Techvest Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025Taiwan Printed Circuit Board Techvest Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025New Risk • Jan 02New major risk - Revenue and earnings growthEarnings have declined by 8.1% 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 8.1% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 15Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$0.74 (down from NT$1.10 in 3Q 2023). Revenue: NT$4.65b (down 10.0% from 3Q 2023). Net income: NT$200.0m (down 33% from 3Q 2023). Profit margin: 4.3% (down from 5.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 11% 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 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.New Risk • Nov 15New major risk - Revenue and earnings growthEarnings have declined by 6.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Nov 06Taiwan Printed Circuit Board Techvest Co.,Ltd. to Report Q3, 2024 Results on Nov 13, 2024Taiwan Printed Circuit Board Techvest Co.,Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024Reported Earnings • Aug 14Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: NT$0.79 (down from NT$1.03 in 2Q 2023). Revenue: NT$4.75b (down 6.1% from 2Q 2023). Net income: NT$214.8m (down 23% from 2Q 2023). Profit margin: 4.5% (down from 5.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 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 27% 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.お知らせ • Aug 03Taiwan Printed Circuit Board Techvest Co.,Ltd. to Report Q2, 2024 Results on Aug 12, 2024Taiwan Printed Circuit Board Techvest Co.,Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024分析記事 • Jun 29Taiwan Printed Circuit Board TechvestLtd (TWSE:8213) Has Announced That Its Dividend Will Be Reduced To NT$1.00Taiwan Printed Circuit Board Techvest Co.,Ltd. ( TWSE:8213 ) is reducing its dividend from last year's comparable...分析記事 • Jun 15Taiwan Printed Circuit Board TechvestLtd (TWSE:8213) Is Paying Out Less In Dividends Than Last YearTaiwan Printed Circuit Board Techvest Co.,Ltd. ( TWSE:8213 ) is reducing its dividend to NT$1.00 on the 26th of...Declared Dividend • Jun 14Dividend reduced to NT$1.00Dividend of NT$1.00 is 60% lower than last year. Ex-date: 4th July 2024 Payment date: 26th July 2024 Dividend yield will be 2.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.8% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 14+ 2 more updatesTaiwan Printed Circuit Board Techvest Co.,Ltd. Approves Cash Dividend, Payable on July 26, 2024Taiwan Printed Circuit Board Techvest Co.,Ltd. approved cash dividend of TWD 271,242,488 (TWD 1.0 per share). Payment date of common stock cash dividend distribution on July 26, 2024. Ex-rights (ex-dividend) record date of July 12, 2024. Ex-rights (ex-dividend) trading date: July 4, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 12, 2024.New Risk • May 18New major risk - Revenue and earnings growthEarnings have declined by 1.4% 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 1.4% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$0.41 (vs NT$0.82 in 1Q 2023)First quarter 2024 results: EPS: NT$0.41 (down from NT$0.82 in 1Q 2023). Revenue: NT$4.17b (down 12% from 1Q 2023). Net income: NT$109.9m (down 51% from 1Q 2023). Profit margin: 2.6% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue. 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 6% per year, which means it has not declined as severely as earnings.お知らせ • May 05Taiwan Printed Circuit Board Techvest Co.,Ltd. to Report Q1, 2024 Results on May 13, 2024Taiwan Printed Circuit Board Techvest Co.,Ltd. announced that they will report Q1, 2024 results on May 13, 2024Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$4.03 (vs NT$5.44 in FY 2022)Full year 2023 results: EPS: NT$4.03 (down from NT$5.44 in FY 2022). Revenue: NT$18.9b (down 14% from FY 2022). Net income: NT$1.09b (down 26% from FY 2022). Profit margin: 5.8% (down from 6.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Mar 16Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, Jun 12, 2024Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, Jun 12, 2024. Location: Pingzhen Industrial Park Service Center (2F., No. 261, Nanfeng Rd., Pingzhen Dist., Taoyuan City) Taoyuan City Taiwan Agenda: To consider 2023 Business Report; Audit Committee Report; Report on the 2023 Distribution of Employees; Compensation and Directors Remuneration; Report on the 2023 Distribution of Cash Dividends of Earning Distribution; and to discuss other matters.Buy Or Sell Opportunity • Mar 05Now 20% overvaluedOver the last 90 days, the stock has fallen 3.6% to NT$42.50. The fair value is estimated to be NT$35.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Earnings per share has declined by 12%.New Risk • Nov 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.6% Last year net profit margin: 8.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.6% net profit margin).Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$1.03 (vs NT$1.24 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.03 (down from NT$1.24 in 2Q 2022). Revenue: NT$5.06b (down 17% from 2Q 2022). Net income: NT$278.7m (down 17% from 2Q 2022). Profit margin: 5.5% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year.Upcoming Dividend • Jun 20Upcoming dividend of NT$2.50 per share at 5.9% yieldEligible shareholders must have bought the stock before 27 June 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).お知らせ • Jun 11+ 1 more updateTaiwan Printed Circuit Board Techvest Co.,Ltd. Approves Election of Ms. Chung,Yi-Fang as Independent DirectorTaiwan Printed Circuit Board Techvest Co.,Ltd. announced that at its AGM held on June 9, 2023, the shareholders approved election of Ms. CHUNG,YI-FANG as independent director of the company.お知らせ • May 13Taiwan Printed Circuit Board Techvest Co.,Ltd Announces Cash Dividend, Payable on July 19, 2023Taiwan Printed Circuit Board Techvest Co.,Ltd announced cash dividends to common shareholders of TWD 678,106,220 or TWD 2.5 per share. Payment date of cash dividend distribution is July 19, 2023. Ex-rights (ex-dividend) trading date is June 27, 2023. Last date before book closure is June 28, 2023. Book closure starting date is June 29, 2023. Book closure ending date is July 3, 2023. Ex-rights (ex-dividend) record date is July 3, 2023.Reported Earnings • Mar 26Full year 2022 earnings released: EPS: NT$5.24 (vs NT$8.60 in FY 2021)Full year 2022 results: EPS: NT$5.24 (down from NT$8.60 in FY 2021). Revenue: NT$22.0b (down 20% from FY 2021). Net income: NT$1.47b (down 35% from FY 2021). Profit margin: 6.7% (down from 8.2% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$1.13 (vs NT$1.64 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.13 (down from NT$1.64 in 3Q 2021). Revenue: NT$4.26b (down 42% from 3Q 2021). Net income: NT$306.2m (down 29% from 3Q 2021). Profit margin: 7.2% (up from 5.8% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 08Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: NT$6.12b (down 9.1% from 2Q 2021). Net income: NT$337.5m (down 32% from 2Q 2021). Profit margin: 5.5% (down from 7.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% 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 • Jun 23Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$40.75, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 50% over the past three years.Upcoming Dividend • Jun 16Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.3%).お知らせ • Jun 10Taiwan Pcb Techvest Co., Ltd., Annual General Meeting, Jun 09, 2022Taiwan Pcb Techvest Co., Ltd., Annual General Meeting, Jun 09, 2022. Agenda: To consider Profit distribution/ deficit compensation: Recognized 2021 Earnings Distribution; to consider Amendments to the corporate charter; to consider Recognized 2021 Business Report and Financial Statements; to consider Release the new institutional director and its representative from Non-Compete Restriction.Reported Earnings • May 08First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: NT$1.81 (up from NT$1.41 in 1Q 2021). Revenue: NT$6.94b (up 12% from 1Q 2021). Net income: NT$488.7m (up 33% from 1Q 2021). Profit margin: 7.0% (up from 6.0% in 1Q 2021). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 36%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target increased to NT$48.15Up from NT$44.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$49.10. Stock is down 10% over the past year. The company is forecast to post earnings per share of NT$7.20 for next year compared to NT$8.60 last year.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS NT$1.64 (vs NT$1.49 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$7.40b (up 20% from 3Q 2020). Net income: NT$432.6m (up 11% from 3Q 2020). Profit margin: 5.8% (down from 6.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$1.89 (vs NT$1.28 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$6.74b (up 15% from 2Q 2020). Net income: NT$493.5m (up 47% from 2Q 2020). Profit margin: 7.3% (up from 5.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year.Upcoming Dividend • Jun 22Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 19 July 2021. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%).Reported Earnings • May 13First quarter 2021 earnings released: EPS NT$1.41 (vs NT$3.30 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$6.18b (up 29% from 1Q 2020). Net income: NT$368.2m (down 59% from 1Q 2020). Profit margin: 6.0% (down from 19% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 25Does Taiwan Pcb Techvest (TPE:8213) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Mar 17Taiwan Pcb Techvest Co., Ltd., Annual General Meeting, Jun 10, 2021Taiwan Pcb Techvest Co., Ltd., Annual General Meeting, Jun 10, 2021.Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$7.28 (vs NT$4.08 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$22.8b (up 5.3% from FY 2019). Net income: NT$1.92b (up 79% from FY 2019). Profit margin: 8.4% (up from 4.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.分析記事 • Feb 25Should Taiwan Pcb Techvest Co., Ltd. (TPE:8213) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at Taiwan Pcb Techvest Co., Ltd. ( TPE:8213 ) from a dividend investor's perspective...Is New 90 Day High Low • Feb 22New 90-day high: NT$48.50The company is up 9.0% from its price of NT$44.35 on 24 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period.分析記事 • Feb 11Is Taiwan Pcb Techvest (TPE:8213) Struggling?What financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...分析記事 • Jan 27Here's Why I Think Taiwan Pcb Techvest (TPE:8213) Is An Interesting StockFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Is New 90 Day High Low • Jan 19New 90-day high: NT$48.05The company is up 16% from its price of NT$41.60 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.分析記事 • Jan 14Is Taiwan Pcb Techvest Co., Ltd.'s(TPE:8213) Recent Stock Performance Tethered To Its Strong Fundamentals?Most readers would already be aware that Taiwan Pcb Techvest's (TPE:8213) stock increased significantly by 12% over the...分析記事 • Dec 30Estimating The Fair Value Of Taiwan Pcb Techvest Co., Ltd. (TPE:8213)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Taiwan Pcb Techvest...分析記事 • Dec 15Should You Rely On Taiwan Pcb Techvest's (TPE:8213) Earnings Growth?As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...Is New 90 Day High Low • Dec 09New 90-day high: NT$46.55The company is up 10.0% from its price of NT$42.15 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.分析記事 • Dec 02Taiwan Pcb Techvest (TPE:8213) Has Compensated Shareholders With A Respectable 68% Return On Their InvestmentBy buying an index fund, investors can approximate the average market return. But if you buy good businesses at...分析記事 • Nov 19Taiwan Pcb Techvest (TPE:8213) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is New 90 Day High Low • Nov 19New 90-day high: NT$44.40The company is up 4.0% from its price of NT$42.50 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$1.49The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$6.16b (up 6.6% from 3Q 2019). Net income: NT$388.2m (up 12% from 3Q 2019). Profit margin: 6.3% (up from 6.0% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Taiwan Printed Circuit Board TechvestLtd は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TWSE:8213 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202618,709524-220430N/A12/31/202518,368614-113605N/A9/30/202517,9067038951,612N/A6/30/202517,9587561,2342,011N/A3/31/202518,0398098601,659N/A12/31/202417,7087461,3952,280N/A9/30/202417,8308751,3172,435N/A6/30/202418,3449731,0972,240N/A3/31/202418,6541,0377772,195N/A12/31/202318,9341,0947582,287N/A9/30/202319,3291,0847902,166N/A6/30/202318,4321,0922,5784,138N/A3/31/202319,4951,1513,6294,985N/A12/31/202221,9771,4723,2844,809N/A9/30/202224,5032,0973,1254,722N/A6/30/202227,6442,2231,1172,646N/A3/31/202228,2572,3797212,149N/A12/31/202127,5002,2594581,517N/A9/30/202126,3351,6008191,712N/A6/30/202125,0911,5551,5532,347N/A3/31/202124,2301,3981,1941,900N/A12/31/202022,8471,9191,2322,069N/A9/30/202022,0421,7943981,808N/A6/30/202021,6631,752-4101,529N/A3/31/202021,3261,718-5751,600N/A12/31/201921,7021,070N/A1,836N/A9/30/201922,1961,262N/A1,507N/A6/30/201922,6691,295N/A1,262N/A3/31/201922,9331,175N/A1,338N/A12/31/201823,0581,073N/A1,526N/A9/30/201823,000871N/A1,606N/A6/30/201822,946712N/A2,004N/A3/31/201822,692698N/A2,814N/A12/31/201722,510696N/A2,188N/A9/30/201722,458819N/A1,982N/A6/30/201722,149830N/A1,543N/A3/31/201721,843770N/A1,004N/A12/31/201621,798813N/A1,897N/A9/30/201621,797750N/A2,846N/A6/30/201621,897817N/A2,435N/A3/31/201621,867941N/A3,431N/A12/31/201522,4501,089N/A3,326N/A9/30/201522,9161,230N/A3,642N/A6/30/201523,3121,445N/A2,811N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 8213の予測収益成長が 貯蓄率 ( 1.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 8213の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 8213の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 8213の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 8213の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 8213の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/05 09:14終値2026/06/05 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Taiwan Printed Circuit Board Techvest Co.,Ltd. 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。4 アナリスト機関Bonny WengKGI Securities Co. Ltd.Junzhe HungMasterlink Securities Investment AdvisoryBamboo LinSinoPac Securities Investment Service1 その他のアナリストを表示
Price Target Changed • Apr 27Price target increased to NT$48.15Up from NT$44.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$49.10. Stock is down 10% over the past year. The company is forecast to post earnings per share of NT$7.20 for next year compared to NT$8.60 last year.
Declared Dividend • May 30Dividend reduced to NT$1.14Dividend of NT$1.14 is 17% lower than last year. Ex-date: 20th July 2026 Payment date: 14th August 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 41% to shift the payout ratio to a potentially unsustainable range, which is more than the 18% EPS decline seen over the last 5 years.
Reported Earnings • May 18First quarter 2026 earnings released: EPS: NT$0.30 (vs NT$0.64 in 1Q 2025)First quarter 2026 results: EPS: NT$0.30 (down from NT$0.64 in 1Q 2025). Revenue: NT$4.85b (up 7.6% from 1Q 2025). Net income: NT$82.3m (down 52% from 1Q 2025). Profit margin: 1.7% (down from 3.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$2.27 (vs NT$2.75 in FY 2024)Full year 2025 results: EPS: NT$2.27 (down from NT$2.75 in FY 2024). Revenue: NT$18.4b (up 3.7% from FY 2024). Net income: NT$614.5m (down 18% from FY 2024). Profit margin: 3.3% (down from 4.2% 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 24% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 12Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, May 27, 2026Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,12, kung yeh rd., pingjhen district, taoyuan city Taiwan
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: NT$0.54 (vs NT$0.74 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.54 (down from NT$0.74 in 3Q 2024). Revenue: NT$4.59b (down 1.1% from 3Q 2024). Net income: NT$146.9m (down 27% from 3Q 2024). Profit margin: 3.2% (down from 4.3% in 3Q 2024). 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 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.60 (vs NT$0.79 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.60 (down from NT$0.79 in 2Q 2024). Revenue: NT$4.67b (down 1.7% from 2Q 2024). Net income: NT$161.9m (down 25% from 2Q 2024). Profit margin: 3.5% (down from 4.5% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 24Upcoming dividend of NT$1.38 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 21 August 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.0%).
Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.64 (vs NT$0.41 in 1Q 2024)First quarter 2025 results: EPS: NT$0.64 (up from NT$0.41 in 1Q 2024). Revenue: NT$4.51b (up 7.9% from 1Q 2024). Net income: NT$172.6m (up 57% from 1Q 2024). Profit margin: 3.8% (up from 2.6% 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 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
お知らせ • May 03Taiwan Printed Circuit Board Techvest Co.,Ltd. to Report Q1, 2025 Results on May 12, 2025Taiwan Printed Circuit Board Techvest Co.,Ltd. announced that they will report Q1, 2025 results on May 12, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$27.45, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 30% over the past three years.
Reported Earnings • Mar 18Full year 2024 earnings released: EPS: NT$2.75 (vs NT$4.03 in FY 2023)Full year 2024 results: EPS: NT$2.75 (down from NT$4.03 in FY 2023). Revenue: NT$17.7b (down 6.5% from FY 2023). Net income: NT$746.3m (down 32% from FY 2023). Profit margin: 4.2% (down from 5.8% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% 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.
お知らせ • Mar 13Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, May 28, 2025Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, May 28, 2025. Location: 2 floor no,12, kung yeh rd., pingjhen district, taoyuan city Taiwan
お知らせ • Mar 05Taiwan Printed Circuit Board Techvest Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025Taiwan Printed Circuit Board Techvest Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025
New Risk • Jan 02New major risk - Revenue and earnings growthEarnings have declined by 8.1% 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 8.1% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 15Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$0.74 (down from NT$1.10 in 3Q 2023). Revenue: NT$4.65b (down 10.0% from 3Q 2023). Net income: NT$200.0m (down 33% from 3Q 2023). Profit margin: 4.3% (down from 5.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 11% 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 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
New Risk • Nov 15New major risk - Revenue and earnings growthEarnings have declined by 6.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Nov 06Taiwan Printed Circuit Board Techvest Co.,Ltd. to Report Q3, 2024 Results on Nov 13, 2024Taiwan Printed Circuit Board Techvest Co.,Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024
Reported Earnings • Aug 14Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: NT$0.79 (down from NT$1.03 in 2Q 2023). Revenue: NT$4.75b (down 6.1% from 2Q 2023). Net income: NT$214.8m (down 23% from 2Q 2023). Profit margin: 4.5% (down from 5.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 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 27% 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.
お知らせ • Aug 03Taiwan Printed Circuit Board Techvest Co.,Ltd. to Report Q2, 2024 Results on Aug 12, 2024Taiwan Printed Circuit Board Techvest Co.,Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024
分析記事 • Jun 29Taiwan Printed Circuit Board TechvestLtd (TWSE:8213) Has Announced That Its Dividend Will Be Reduced To NT$1.00Taiwan Printed Circuit Board Techvest Co.,Ltd. ( TWSE:8213 ) is reducing its dividend from last year's comparable...
分析記事 • Jun 15Taiwan Printed Circuit Board TechvestLtd (TWSE:8213) Is Paying Out Less In Dividends Than Last YearTaiwan Printed Circuit Board Techvest Co.,Ltd. ( TWSE:8213 ) is reducing its dividend to NT$1.00 on the 26th of...
Declared Dividend • Jun 14Dividend reduced to NT$1.00Dividend of NT$1.00 is 60% lower than last year. Ex-date: 4th July 2024 Payment date: 26th July 2024 Dividend yield will be 2.6%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.8% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 14+ 2 more updatesTaiwan Printed Circuit Board Techvest Co.,Ltd. Approves Cash Dividend, Payable on July 26, 2024Taiwan Printed Circuit Board Techvest Co.,Ltd. approved cash dividend of TWD 271,242,488 (TWD 1.0 per share). Payment date of common stock cash dividend distribution on July 26, 2024. Ex-rights (ex-dividend) record date of July 12, 2024. Ex-rights (ex-dividend) trading date: July 4, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 12, 2024.
New Risk • May 18New major risk - Revenue and earnings growthEarnings have declined by 1.4% 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 1.4% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 18First quarter 2024 earnings released: EPS: NT$0.41 (vs NT$0.82 in 1Q 2023)First quarter 2024 results: EPS: NT$0.41 (down from NT$0.82 in 1Q 2023). Revenue: NT$4.17b (down 12% from 1Q 2023). Net income: NT$109.9m (down 51% from 1Q 2023). Profit margin: 2.6% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue. 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 6% per year, which means it has not declined as severely as earnings.
お知らせ • May 05Taiwan Printed Circuit Board Techvest Co.,Ltd. to Report Q1, 2024 Results on May 13, 2024Taiwan Printed Circuit Board Techvest Co.,Ltd. announced that they will report Q1, 2024 results on May 13, 2024
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$4.03 (vs NT$5.44 in FY 2022)Full year 2023 results: EPS: NT$4.03 (down from NT$5.44 in FY 2022). Revenue: NT$18.9b (down 14% from FY 2022). Net income: NT$1.09b (down 26% from FY 2022). Profit margin: 5.8% (down from 6.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 16Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, Jun 12, 2024Taiwan Printed Circuit Board Techvest Co.,Ltd., Annual General Meeting, Jun 12, 2024. Location: Pingzhen Industrial Park Service Center (2F., No. 261, Nanfeng Rd., Pingzhen Dist., Taoyuan City) Taoyuan City Taiwan Agenda: To consider 2023 Business Report; Audit Committee Report; Report on the 2023 Distribution of Employees; Compensation and Directors Remuneration; Report on the 2023 Distribution of Cash Dividends of Earning Distribution; and to discuss other matters.
Buy Or Sell Opportunity • Mar 05Now 20% overvaluedOver the last 90 days, the stock has fallen 3.6% to NT$42.50. The fair value is estimated to be NT$35.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Earnings per share has declined by 12%.
New Risk • Nov 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.6% Last year net profit margin: 8.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.6% net profit margin).
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$1.03 (vs NT$1.24 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.03 (down from NT$1.24 in 2Q 2022). Revenue: NT$5.06b (down 17% from 2Q 2022). Net income: NT$278.7m (down 17% from 2Q 2022). Profit margin: 5.5% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year.
Upcoming Dividend • Jun 20Upcoming dividend of NT$2.50 per share at 5.9% yieldEligible shareholders must have bought the stock before 27 June 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).
お知らせ • Jun 11+ 1 more updateTaiwan Printed Circuit Board Techvest Co.,Ltd. Approves Election of Ms. Chung,Yi-Fang as Independent DirectorTaiwan Printed Circuit Board Techvest Co.,Ltd. announced that at its AGM held on June 9, 2023, the shareholders approved election of Ms. CHUNG,YI-FANG as independent director of the company.
お知らせ • May 13Taiwan Printed Circuit Board Techvest Co.,Ltd Announces Cash Dividend, Payable on July 19, 2023Taiwan Printed Circuit Board Techvest Co.,Ltd announced cash dividends to common shareholders of TWD 678,106,220 or TWD 2.5 per share. Payment date of cash dividend distribution is July 19, 2023. Ex-rights (ex-dividend) trading date is June 27, 2023. Last date before book closure is June 28, 2023. Book closure starting date is June 29, 2023. Book closure ending date is July 3, 2023. Ex-rights (ex-dividend) record date is July 3, 2023.
Reported Earnings • Mar 26Full year 2022 earnings released: EPS: NT$5.24 (vs NT$8.60 in FY 2021)Full year 2022 results: EPS: NT$5.24 (down from NT$8.60 in FY 2021). Revenue: NT$22.0b (down 20% from FY 2021). Net income: NT$1.47b (down 35% from FY 2021). Profit margin: 6.7% (down from 8.2% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$1.13 (vs NT$1.64 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.13 (down from NT$1.64 in 3Q 2021). Revenue: NT$4.26b (down 42% from 3Q 2021). Net income: NT$306.2m (down 29% from 3Q 2021). Profit margin: 7.2% (up from 5.8% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 08Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: NT$6.12b (down 9.1% from 2Q 2021). Net income: NT$337.5m (down 32% from 2Q 2021). Profit margin: 5.5% (down from 7.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% 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 • Jun 23Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$40.75, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 50% over the past three years.
Upcoming Dividend • Jun 16Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.3%).
お知らせ • Jun 10Taiwan Pcb Techvest Co., Ltd., Annual General Meeting, Jun 09, 2022Taiwan Pcb Techvest Co., Ltd., Annual General Meeting, Jun 09, 2022. Agenda: To consider Profit distribution/ deficit compensation: Recognized 2021 Earnings Distribution; to consider Amendments to the corporate charter; to consider Recognized 2021 Business Report and Financial Statements; to consider Release the new institutional director and its representative from Non-Compete Restriction.
Reported Earnings • May 08First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: NT$1.81 (up from NT$1.41 in 1Q 2021). Revenue: NT$6.94b (up 12% from 1Q 2021). Net income: NT$488.7m (up 33% from 1Q 2021). Profit margin: 7.0% (up from 6.0% in 1Q 2021). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 36%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target increased to NT$48.15Up from NT$44.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$49.10. Stock is down 10% over the past year. The company is forecast to post earnings per share of NT$7.20 for next year compared to NT$8.60 last year.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS NT$1.64 (vs NT$1.49 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$7.40b (up 20% from 3Q 2020). Net income: NT$432.6m (up 11% from 3Q 2020). Profit margin: 5.8% (down from 6.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$1.89 (vs NT$1.28 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$6.74b (up 15% from 2Q 2020). Net income: NT$493.5m (up 47% from 2Q 2020). Profit margin: 7.3% (up from 5.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year.
Upcoming Dividend • Jun 22Upcoming dividend of NT$3.50 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 19 July 2021. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%).
Reported Earnings • May 13First quarter 2021 earnings released: EPS NT$1.41 (vs NT$3.30 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$6.18b (up 29% from 1Q 2020). Net income: NT$368.2m (down 59% from 1Q 2020). Profit margin: 6.0% (down from 19% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 25Does Taiwan Pcb Techvest (TPE:8213) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Mar 17Taiwan Pcb Techvest Co., Ltd., Annual General Meeting, Jun 10, 2021Taiwan Pcb Techvest Co., Ltd., Annual General Meeting, Jun 10, 2021.
Reported Earnings • Mar 17Full year 2020 earnings released: EPS NT$7.28 (vs NT$4.08 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$22.8b (up 5.3% from FY 2019). Net income: NT$1.92b (up 79% from FY 2019). Profit margin: 8.4% (up from 4.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
分析記事 • Feb 25Should Taiwan Pcb Techvest Co., Ltd. (TPE:8213) Be Part Of Your Dividend Portfolio?Today we'll take a closer look at Taiwan Pcb Techvest Co., Ltd. ( TPE:8213 ) from a dividend investor's perspective...
Is New 90 Day High Low • Feb 22New 90-day high: NT$48.50The company is up 9.0% from its price of NT$44.35 on 24 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period.
分析記事 • Feb 11Is Taiwan Pcb Techvest (TPE:8213) Struggling?What financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...
分析記事 • Jan 27Here's Why I Think Taiwan Pcb Techvest (TPE:8213) Is An Interesting StockFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Is New 90 Day High Low • Jan 19New 90-day high: NT$48.05The company is up 16% from its price of NT$41.60 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.
分析記事 • Jan 14Is Taiwan Pcb Techvest Co., Ltd.'s(TPE:8213) Recent Stock Performance Tethered To Its Strong Fundamentals?Most readers would already be aware that Taiwan Pcb Techvest's (TPE:8213) stock increased significantly by 12% over the...
分析記事 • Dec 30Estimating The Fair Value Of Taiwan Pcb Techvest Co., Ltd. (TPE:8213)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Taiwan Pcb Techvest...
分析記事 • Dec 15Should You Rely On Taiwan Pcb Techvest's (TPE:8213) Earnings Growth?As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
Is New 90 Day High Low • Dec 09New 90-day high: NT$46.55The company is up 10.0% from its price of NT$42.15 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.
分析記事 • Dec 02Taiwan Pcb Techvest (TPE:8213) Has Compensated Shareholders With A Respectable 68% Return On Their InvestmentBy buying an index fund, investors can approximate the average market return. But if you buy good businesses at...
分析記事 • Nov 19Taiwan Pcb Techvest (TPE:8213) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Is New 90 Day High Low • Nov 19New 90-day high: NT$44.40The company is up 4.0% from its price of NT$42.50 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$1.49The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$6.16b (up 6.6% from 3Q 2019). Net income: NT$388.2m (up 12% from 3Q 2019). Profit margin: 6.3% (up from 6.0% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.