BenQ Materials（8215）株式概要ベンキューマテリアル株式会社は台湾でフィルムシート製品を製造・販売している。 詳細8215 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金0/6リスク分析負債は営業キャッシュフローで十分にカバーされていない 過去5年間で収益は年間43.4%減少しました。 TW市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る8215 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$27.7077.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-617m21b2016201920222025202620282031Revenue NT$20.9bEarnings NT$1.8bAdvancedSet Fair ValueView all narrativesBenQ Materials Corporation 競合他社Young Fast OptoelectronicsSymbol: TWSE:3622Market cap: NT$8.5bAzureWave TechnologiesSymbol: TWSE:3694Market cap: NT$9.3bSensortek TechnologySymbol: TPEX:6732Market cap: NT$8.0bWendell IndustrialSymbol: TPEX:6761Market cap: NT$7.2b価格と性能株価の高値、安値、推移の概要BenQ Materials過去の株価現在の株価NT$27.7052週高値NT$31.4052週安値NT$18.25ベータ0.241ヶ月の変化10.58%3ヶ月変化36.45%1年変化16.63%3年間の変化-17.68%5年間の変化27.36%IPOからの変化26.62%最新ニュースReported Earnings • May 09First quarter 2026 earnings released: NT$0.64 loss per share (vs NT$0.15 profit in 1Q 2025)First quarter 2026 results: NT$0.64 loss per share (down from NT$0.15 profit in 1Q 2025). Revenue: NT$4.55b (flat on 1Q 2025). Net loss: NT$204.3m (down NT$252.9m from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.New Risk • Mar 17New 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 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Earnings have declined by 32% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change).お知らせ • Feb 25BenQ Materials Corporation, Annual General Meeting, May 27, 2026BenQ Materials Corporation, Annual General Meeting, May 27, 2026. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city TaiwanReported Earnings • Feb 25Full year 2025 earnings released: NT$1.14 loss per share (vs NT$0.62 profit in FY 2024)Full year 2025 results: NT$1.14 loss per share (down from NT$0.62 profit in FY 2024). Revenue: NT$17.8b (down 4.0% from FY 2024). Net loss: NT$364.5m (down 283% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.New Risk • Nov 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 493% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.08x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 28x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 21% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.04% net profit margin).Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: NT$0.28 loss per share (down from NT$0.14 profit in 3Q 2024). Revenue: NT$4.52b (flat on 3Q 2024). Net loss: NT$88.3m (down 299% from profit in 3Q 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.最新情報をもっと見るRecent updatesReported Earnings • May 09First quarter 2026 earnings released: NT$0.64 loss per share (vs NT$0.15 profit in 1Q 2025)First quarter 2026 results: NT$0.64 loss per share (down from NT$0.15 profit in 1Q 2025). Revenue: NT$4.55b (flat on 1Q 2025). Net loss: NT$204.3m (down NT$252.9m from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.New Risk • Mar 17New 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 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Earnings have declined by 32% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change).お知らせ • Feb 25BenQ Materials Corporation, Annual General Meeting, May 27, 2026BenQ Materials Corporation, Annual General Meeting, May 27, 2026. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city TaiwanReported Earnings • Feb 25Full year 2025 earnings released: NT$1.14 loss per share (vs NT$0.62 profit in FY 2024)Full year 2025 results: NT$1.14 loss per share (down from NT$0.62 profit in FY 2024). Revenue: NT$17.8b (down 4.0% from FY 2024). Net loss: NT$364.5m (down 283% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.New Risk • Nov 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 493% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.08x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 28x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 21% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.04% net profit margin).Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: NT$0.28 loss per share (down from NT$0.14 profit in 3Q 2024). Revenue: NT$4.52b (flat on 3Q 2024). Net loss: NT$88.3m (down 299% from profit in 3Q 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.New Risk • Aug 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).Reported Earnings • Aug 03Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$0.006 (down from NT$0.23 in 2Q 2024). Revenue: NT$4.42b (down 3.7% from 2Q 2024). Net income: NT$2.05m (down 97% from 2Q 2024). Profit margin: 0% (down from 1.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 96%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.Declared Dividend • Jul 04Dividend reduced to NT$0.62Dividend of NT$0.62 is 48% lower than last year. Ex-date: 17th July 2025 Payment date: 15th August 2025 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) and 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 grow by 4.5% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.Price Target Changed • Jun 16Price target decreased by 31% to NT$25.00Down from NT$36.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$24.10. Stock is down 27% over the past year. The company is forecast to post earnings per share of NT$1.09 for next year compared to NT$0.62 last year.Reported Earnings • May 01First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$0.15 (up from NT$0.11 in 1Q 2024). Revenue: NT$4.58b (flat on 1Q 2024). Net income: NT$48.6m (up 34% from 1Q 2024). Profit margin: 1.1% (up from 0.8% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 40%. Over the last 3 years on average, earnings per share has fallen by 60% 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 • Apr 23BenQ Materials Corporation to Report Q1, 2025 Results on Apr 30, 2025BenQ Materials Corporation announced that they will report Q1, 2025 results on Apr 30, 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$21.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 28% over the past three years.Major Estimate Revision • Feb 27Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from NT$19.4b to NT$20.4b. EPS estimate fell from NT$1.56 to NT$1.35 per share. Net income forecast to grow 101% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$36.00 to NT$34.00. Share price fell 3.0% to NT$29.10 over the past week.お知らせ • Feb 25BenQ Materials Corporation, Annual General Meeting, May 28, 2025BenQ Materials Corporation, Annual General Meeting, May 28, 2025. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwanお知らせ • Feb 15BenQ Materials Corporation to Report Q4, 2024 Results on Feb 24, 2025BenQ Materials Corporation announced that they will report Q4, 2024 results on Feb 24, 2025お知らせ • Jan 25BenQ Materials Corporation Announces the Change of Juristic-Person DirectorBenQ Materials Corporation announced the change of juristic-person director. Name of legal person: BenQ Corporation; Name of the previous position holder: Conway Lee; Resume of the previous position holder: President of Wellell Inc. Name of the new position holder: Michael Tseng; Resume of the new position holder: Chairman of BenQ Corporation. Reason for the change: Assigned a new representative to serve as a juristic-person director. Original term: June 16, 2022 to June 15, 2025. Effective date of the new appointment: January 24, 2025.Major Estimate Revision • Nov 11Consensus EPS estimates fall by 55%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from NT$18.1b to NT$18.3b. EPS estimate fell from NT$1.54 to NT$0.69 per share. Net income forecast to grow 187% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$35.00. Share price rose 6.1% to NT$34.15 over the past week.分析記事 • Nov 06BenQ Materials Corporation Just Missed EPS By 39%: Here's What Analysts Think Will Happen NextThe third-quarter results for BenQ Materials Corporation ( TWSE:8215 ) were released last week, making it a good time...Reported Earnings • Nov 05Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: NT$0.14 (down from NT$0.58 in 3Q 2023). Revenue: NT$4.49b (down 2.5% from 3Q 2023). Net income: NT$44.5m (down 76% from 3Q 2023). Profit margin: 1.0% (down from 4.1% in 3Q 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 9.3% 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 38% 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 • Oct 24BenQ Materials Corporation to Report Q3, 2024 Results on Oct 31, 2024BenQ Materials Corporation announced that they will report Q3, 2024 results on Oct 31, 2024Major Estimate Revision • Aug 09Consensus EPS estimates fall by 18%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$0.99 to NT$0.81 per share. Revenue forecast steady at NT$18.1b. Net income forecast to grow 55% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$34.50 unchanged from last update. Share price fell 8.3% to NT$28.55 over the past week.Reported Earnings • Aug 03Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$0.23 (down from NT$0.45 in 2Q 2023). Revenue: NT$4.59b (down 1.0% from 2Q 2023). Net income: NT$73.7m (down 49% from 2Q 2023). Profit margin: 1.6% (down from 3.1% in 2Q 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%. Revenue is forecast to grow 10% 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 23% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 01Now 21% overvaluedOver the last 90 days, the stock has fallen 5.8% to NT$32.40. The fair value is estimated to be NT$26.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.8%. Revenue is forecast to grow by 5.8% in a year. Earnings are forecast to grow by 18% in the next year.お知らせ • Jul 25BenQ Materials Corporation to Report Q2, 2024 Results on Aug 01, 2024BenQ Materials Corporation announced that they will report Q2, 2024 results on Aug 01, 2024Major Estimate Revision • Jul 24Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$1.27 to NT$0.99 per share. Revenue forecast steady at NT$18.0b. Net income forecast to grow 18% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$34.50 unchanged from last update. Share price fell 6.9% to NT$32.60 over the past week.分析記事 • Jul 05BenQ Materials (TWSE:8215) Will Pay A Smaller Dividend Than Last YearBenQ Materials Corporation ( TWSE:8215 ) has announced that on 15th of August, it will be paying a dividend ofNT$1.20...Declared Dividend • Jul 05Dividend reduced to NT$1.20Dividend of NT$1.20 is 40% lower than last year. Ex-date: 18th July 2024 Payment date: 15th August 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) and 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 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.7% to bring the payout ratio under control. EPS is expected to grow by 56% over the next year, which is sufficient to bring the dividend into a sustainable range.お知らせ • May 31BenQ Materials Corporation Approves Cash Dividend for the Year 2023BenQ Materials Corporation at its AGM held on May 30, 2023 approved cash dividend is TWD 1.2 per share for the year 2023.Major Estimate Revision • May 13Consensus EPS estimates fall by 31%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$1.83 to NT$1.27 per share. Revenue forecast steady at NT$17.9b. Net income forecast to grow 35% next year vs 33% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$40.50 to NT$34.50. Share price fell 4.4% to NT$32.55 over the past week.Price Target Changed • May 09Price target decreased by 15% to NT$34.50Down from NT$40.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$33.25. The company is forecast to post earnings per share of NT$1.27 for next year compared to NT$1.29 last year.Reported Earnings • May 07First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: NT$0.11 (down from NT$0.15 in 1Q 2023). Revenue: NT$4.59b (up 13% from 1Q 2023). Net income: NT$36.4m (down 27% from 1Q 2023). Profit margin: 0.8% (down from 1.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Apr 28BenQ Materials Corporation to Report Q1, 2024 Results on May 06, 2024BenQ Materials Corporation announced that they will report Q1, 2024 results on May 06, 2024Major Estimate Revision • Mar 19Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$2.29 to NT$1.83 per share. Revenue forecast steady at NT$17.9b. Net income forecast to grow 42% next year vs 33% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$40.50 unchanged from last update. Share price was steady at NT$33.75 over the past week.Buy Or Sell Opportunity • Feb 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to NT$34.35. The fair value is estimated to be NT$43.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.7%. Revenue is forecast to grow by 5.0% in a year. Earnings are forecast to grow by 78% in the next year.Reported Earnings • Feb 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$1.29 (down from NT$4.04 in FY 2022). Revenue: NT$17.1b (up 10% from FY 2022). Net income: NT$414.4m (down 68% from FY 2022). Profit margin: 2.4% (down from 8.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.お知らせ • Feb 23+ 1 more updateBenQ Materials Corporation, Annual General Meeting, May 30, 2024BenQ Materials Corporation, Annual General Meeting, May 30, 2024. Location: Chuto Hotel(NO.398,TAOYING ROAD TAOYUAN DIST, TAOYUAN CITY,TAIWAN,R.O.C Taoyuan City Taiwan Agenda: To consider Report of 2023 business; to Audit Committee's review report ; to the 2023 Distribution of employees & board directors' remuneration; to the 2023 Distribution of 2023 profits in cash; to Status of conducting private placements of securities; to accept the 2023 Business Report and Financial Statements; and to consider other matters if any.Price Target Changed • Nov 06Price target decreased by 11% to NT$41.65Down from NT$47.00, the current price target is an average from 2 analysts. New target price is 18% above last closing price of NT$35.20. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$1.60 for next year compared to NT$4.04 last year.Reported Earnings • Nov 03Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: NT$0.58 (down from NT$1.67 in 3Q 2022). Revenue: NT$4.60b (up 26% from 3Q 2022). Net income: NT$186.8m (down 65% from 3Q 2022). Profit margin: 4.1% (down from 15% in 3Q 2022). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Aug 23Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$18.6b to NT$18.4b. EPS estimate also fell from NT$1.94 per share to NT$1.72 per share. Net income forecast to shrink 25% next year vs 5.2% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$47.00 to NT$45.50. Share price was steady at NT$35.45 over the past week.Major Estimate Revision • Aug 12Consensus EPS estimates fall by 27%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$2.65 to NT$1.94 per share. Revenue forecast steady at NT$18.6b. Net income forecast to shrink 11% next year vs 0.9% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$45.00 to NT$47.00. Share price fell 5.3% to NT$36.70 over the past week.New Risk • Aug 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Aug 03Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: NT$0.45 (down from NT$0.82 in 2Q 2022). Revenue: NT$4.64b (up 13% from 2Q 2022). Net income: NT$143.8m (down 45% from 2Q 2022). Profit margin: 3.1% (down from 6.4% in 2Q 2022). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 11Upcoming dividend of NT$2.00 per share at 4.8% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.3%).New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results.お知らせ • Jul 04BenQ Materials Corporation Announces Dividend, Payment Date of Cash Dividend Distribution of August 15, 2023BenQ Materials Corporation announced dividend. Type and monetary amount of dividend distribution: Cash dividends TWD 641,349,028 (TWD 2 per share) of common stock. Ex-rights (ex-dividend) trading date: 2023/07/18, Last date before book closure: July 19, 2023, Book closure starting date: July 20, 2023, Book closure ending date: July 24, 2023. Ex-rights (ex-dividend) record date: July 24, 2023. Payment date of cash dividend distribution of August 15, 2023.Price Target Changed • Mar 04Price target increased by 14% to NT$41.00Up from NT$36.00, the current price target is an average from 2 analysts. New target price is 8.8% above last closing price of NT$37.70. Stock is up 11% over the past year. The company is forecast to post earnings per share of NT$2.74 for next year compared to NT$4.04 last year.Major Estimate Revision • Mar 03Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$2.31 to NT$2.80. Revenue forecast steady at NT$16.7b. Net income forecast to shrink 31% next year vs 3.1% growth forecast for Electronic industry in Taiwan . Consensus price target up from NT$36.00 to NT$38.00. Share price rose 3.6% to NT$37.70 over the past week.Reported Earnings • Feb 27Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: NT$4.04 (up from NT$3.03 in FY 2021). Revenue: NT$15.5b (down 5.7% from FY 2021). Net income: NT$1.30b (up 33% from FY 2021). Profit margin: 8.3% (up from 5.9% in FY 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.8%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 29Price target increased to NT$36.00Up from NT$33.50, the current price target is an average from 2 analysts. New target price is 11% above last closing price of NT$32.50. Stock is down 17% over the past year. The company is forecast to post earnings per share of NT$3.71 for next year compared to NT$3.03 last year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Louis Y. Y. Lu was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Nov 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NT$16.1b to NT$15.3b. EPS estimate rose from NT$3.10 to NT$3.64. Net income forecast to shrink 38% next year vs 11% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$33.50 to NT$32.50. Share price rose 3.6% to NT$31.35 over the past week.Reported Earnings • Nov 04Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: NT$1.67 (up from NT$0.84 in 3Q 2021). Revenue: NT$3.65b (down 9.9% from 3Q 2021). Net income: NT$534.0m (up 99% from 3Q 2021). Profit margin: 15% (up from 6.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 03BenQ Materials Corporation (TWSE:8215) agreed to acquire 51% stake in Web Pro Corp for TWD 3.2 billion.BenQ Materials Corporation (TWSE:8215) agreed to acquire 51% stake in Web Pro Corp for TWD 3.2 billion on November 1, 2022. The transaction is approved by board of directors of BenQ Materials Corporation.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$29.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Electronic industry in Taiwan. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$20.41 per share.お知らせ • Oct 20BenQ Materials Corporation Announces Resignation of Tri-Rung Yew as Independent DirectorBenQ Materials Corporation announced resignation of Tri-Rung Yew as independent director. Resume of the previous position holder is Independent director of BMC. Original term from June 16, 2022 to June 15, 2025.Price Target Changed • Aug 10Price target decreased to NT$36.33Down from NT$40.50, the current price target is an average from 3 analysts. New target price is 20% above last closing price of NT$30.35. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$3.13 for next year compared to NT$3.03 last year.Reported Earnings • Aug 07Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: NT$0.82 (down from NT$0.86 in 2Q 2021). Revenue: NT$4.11b (down 4.0% from 2Q 2021). Net income: NT$259.5m (down 5.6% from 2Q 2021). Profit margin: 6.3% (down from 6.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 23%. Over the next year, revenue is forecast to grow 6.1%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 08Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 15 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (4.9%).お知らせ • Jul 01BenQ Materials Corporation Announces Cash Dividend, Payable on August 12, 2022BenQ Materials Corporation announced cash dividend of TWD 481,011,771 or TWD 1.5 per share. Ex-rights (ex-dividend) trading date is July 15, 2022. Ex-rights (ex-dividend) record date is July 23, 2022. Cash dividend will be paid on August 12, 2022.お知らせ • Jun 17BenQ Materials Corporation Approves the Cash Dividend for 2021BenQ Materials Corporation approved the cash dividend is TWD 1.5 per share for 2021, at its AGM, held on June 16, 2022.Major Estimate Revision • Jun 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from NT$3.11 to NT$3.63. Revenue forecast steady at NT$17.0b. Net income forecast to grow 2.4% next year vs 12% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$40.60. Share price was steady at NT$36.35 over the past week.Reported Earnings • May 04First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$0.91 (up from NT$0.52 in 1Q 2021). Revenue: NT$4.16b (up 2.2% from 1Q 2021). Net income: NT$292.8m (up 76% from 1Q 2021). Profit margin: 7.0% (up from 4.1% in 1Q 2021). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Over the next year, revenue is forecast to grow 4.6%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Louis Y. Y. Lu was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Buying Opportunity • Apr 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 5.9%. The fair value is estimated to be NT$44.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 3.8% in the next 2 years.Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$3.03 (up from NT$1.24 in FY 2020). Revenue: NT$16.5b (up 9.5% from FY 2020). Net income: NT$971.6m (up 145% from FY 2020). Profit margin: 5.9% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 1.5%, compared to a 9.3% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 26+ 1 more updateBenQ Materials Corporation announced a financing transactionBenQ Materials Corporation announced a private placement to issue overseas or domestic convertible bonds in private placement on February 24, 2022. The bonds shall be issued no less than 80% of the theoretical price. The bonds shall be issued not exceeding seven years. The bonds shall be convertible into shares of the company. The transaction has been approved by the board of directors of the company.Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS NT$0.84 (vs NT$0.36 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$4.05b (up 5.8% from 3Q 2020). Net income: NT$268.0m (up 131% from 3Q 2020). Profit margin: 6.6% (up from 3.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 38% per year.Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$39.35, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$33.32 per share.Price Target Changed • Aug 20Price target increased to NT$36.25Up from NT$33.00, the current price target is an average from 2 analysts. New target price is 7.8% below last closing price of NT$39.30. Stock is up 114% over the past year.Major Estimate Revision • Aug 20Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from NT$17.4b to NT$17.1b. EPS estimate rose from NT$2.37 to NT$3.10. Net income forecast to grow 29% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$33.00 to NT$36.25. Share price rose 11% to NT$39.30 over the past week.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$33.65, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$33.39 per share.Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS NT$0.86 (vs NT$0.24 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.28b (up 15% from 2Q 2020). Net income: NT$274.9m (up 258% from 2Q 2020). Profit margin: 6.4% (up from 2.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$30.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$22.54 per share.Upcoming Dividend • Jul 15Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 22 July 2021. Payment date: 17 August 2021. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.9%).Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.52 (vs NT$0.10 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.08b (up 18% from 1Q 2020). Net income: NT$166.3m (up 411% from 1Q 2020). Profit margin: 4.1% (up from 0.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$28.15, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$24.68 per share.Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 0.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 9.6%, compared to a 16% growth forecast for the Electronic industry in Taiwan.お知らせ • Feb 26+ 1 more updateBenQ Materials Corporation announced a financing transactionBenQ Materials Corporation (TSEC:8215) announced a private placement of common shares on February 25, 2021. The shares shall be issued at a price which is no less than 80% of the reference price. The transaction has been approved by the board of directors of the company.Reported Earnings • Feb 26Full year 2020 earnings released: EPS NT$1.23 (vs NT$0.80 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$15.0b (up 7.9% from FY 2019). Net income: NT$396.0m (up 54% from FY 2019). Profit margin: 2.6% (up from 1.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.分析記事 • Feb 11At NT$30.05, Is It Time To Put BenQ Materials Corporation (TPE:8215) On Your Watch List?BenQ Materials Corporation ( TPE:8215 ), might not be a large cap stock, but it received a lot of attention from a...Is New 90 Day High Low • Jan 28New 90-day high: NT$31.00The company is up 40% from its price of NT$22.20 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$6.11 per share.分析記事 • Jan 28If You Had Bought BenQ Materials (TPE:8215) Stock A Year Ago, You Could Pocket A 66% Gain TodayPassive investing in index funds can generate returns that roughly match the overall market. But one can do better than...Major Estimate Revision • Jan 19Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$1.06 to NT$1.22. Revenue estimate for the same period was approximately flat at NT$15.0b. Net income is expected to grow by 163% next year compared to 27% growth forecast for the Electronic industry in Taiwan. The consensus price target increased from NT$28.23 to NT$32.33. Share price is up 3.3% to NT$27.80 over the past week.分析記事 • Dec 30BenQ Materials (TPE:8215) Takes On Some Risk With Its Use Of DebtThe 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 • Dec 28New 90-day high: NT$28.50The company is up 33% from its price of NT$21.40 on 29 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$13.07 per share.分析記事 • Dec 15Is BenQ Materials (TPE:8215) Set To Make A Turnaround?Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...Is New 90 Day High Low • Dec 01New 90-day high: NT$26.00The company is up 13% from its price of NT$22.95 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$11.51 per share.分析記事 • Nov 30Should You Buy BenQ Materials Corporation (TPE:8215) For Its Dividend?Could BenQ Materials Corporation (TPE:8215) be an attractive dividend share to own for the long haul? Investors are...分析記事 • Nov 18Does BenQ Materials's (TPE:8215) Statutory Profit Adequately Reflect Its Underlying Profit?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...Analyst Estimate Surprise Post Earnings • Nov 11Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.004%. Earnings per share (EPS) exceeded analyst estimates by 26%. Over the next year, revenue is forecast to grow 8.1%, compared to a 11% growth forecast for the Electronic industry in Taiwan.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS NT$0.36The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.83b (up 8.5% from 3Q 2019). Net income: NT$116.3m (up 70% from 3Q 2019). Profit margin: 3.0% (up from 1.9% in 3Q 2019). 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 but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS NT$0.36The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.83b (up 8.5% from 3Q 2019). Net income: NT$116.3m (up 70% from 3Q 2019). Profit margin: 3.0% (up from 1.9% in 3Q 2019). 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 but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Nov 05Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.004%. Earnings per share (EPS) exceeded analyst estimates by 26%. Over the next year, revenue is forecast to grow 8.1%, compared to a 11% growth forecast for the Electronic industry in Taiwan.株主還元8215TW ElectronicTW 市場7D7.2%4.6%6.7%1Y16.6%187.5%98.2%株主還元を見る業界別リターン: 8215過去 1 年間で187.5 % の収益を上げたTW Electronic業界を下回りました。リターン対市場: 8215は、過去 1 年間で98.2 % のリターンを上げたTW市場を下回りました。価格変動Is 8215's price volatile compared to industry and market?8215 volatility8215 Average Weekly Movement11.4%Electronic Industry Average Movement8.1%Market Average Movement6.0%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%安定した株価: 8215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: 8215の weekly volatility ( 11% ) 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1998n/aZhien-Chi Chenwww.benqmaterials.com台湾でフィルムシート製品を製造・販売するベンキューマテリアル株式会社。各種電子化学膜製品の研究開発、製造、販売を行っている。また、液晶テレビ、デスクトップ液晶モニター、タブレットPC、ノートPC、携帯電話、ウェアラブルデバイス、特殊産業制御、業務用ディスプレイ用の偏光板フィルムなどの機能性フィルム、偏光板・光学フィルム、タッチパネル材料、超精密加工製品、PDLSスマートフィルムディスプレイ、工業用テープなどのディスプレイ技術・材料を提供している。さらに、セパレーターを含む先端電池材料、ビジョンケア、スキンケアシリーズ、創傷管理、医療用滅菌パッケージなどのヘルスケア製品、防水透湿性テキスタイルなどの繊維製品も提供している。旧社名はダクソン・テクノロジー株式会社で、2010年6月にベンキューマテリアルズ株式会社に社名変更した。BenQ Materials Corporationは1998年に設立され、本社は台湾桃園市にある。もっと見るBenQ Materials Corporation 基礎のまとめBenQ Materials の収益と売上を時価総額と比較するとどうか。8215 基礎統計学時価総額NT$8.67b収益（TTM）-NT$617.34m売上高(TTM)NT$17.81b0.5xP/Sレシオ-14.4xPER（株価収益率8215 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8215 損益計算書（TTM）収益NT$17.81b売上原価NT$15.62b売上総利益NT$2.19bその他の費用NT$2.81b収益-NT$617.34m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）-1.93グロス・マージン12.32%純利益率-3.47%有利子負債／自己資本比率141.8%8215 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.1%現在の配当利回り-16%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/11 14:52終値2026/05/11 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BenQ Materials 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。2 アナリスト機関Eric KaoKGI Securities Co. Ltd.Zhilong YenMasterlink Securities Investment Advisory
Reported Earnings • May 09First quarter 2026 earnings released: NT$0.64 loss per share (vs NT$0.15 profit in 1Q 2025)First quarter 2026 results: NT$0.64 loss per share (down from NT$0.15 profit in 1Q 2025). Revenue: NT$4.55b (flat on 1Q 2025). Net loss: NT$204.3m (down NT$252.9m from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
New Risk • Mar 17New 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 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Earnings have declined by 32% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change).
お知らせ • Feb 25BenQ Materials Corporation, Annual General Meeting, May 27, 2026BenQ Materials Corporation, Annual General Meeting, May 27, 2026. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan
Reported Earnings • Feb 25Full year 2025 earnings released: NT$1.14 loss per share (vs NT$0.62 profit in FY 2024)Full year 2025 results: NT$1.14 loss per share (down from NT$0.62 profit in FY 2024). Revenue: NT$17.8b (down 4.0% from FY 2024). Net loss: NT$364.5m (down 283% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
New Risk • Nov 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 493% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.08x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 28x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 21% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.04% net profit margin).
Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: NT$0.28 loss per share (down from NT$0.14 profit in 3Q 2024). Revenue: NT$4.52b (flat on 3Q 2024). Net loss: NT$88.3m (down 299% from profit in 3Q 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 09First quarter 2026 earnings released: NT$0.64 loss per share (vs NT$0.15 profit in 1Q 2025)First quarter 2026 results: NT$0.64 loss per share (down from NT$0.15 profit in 1Q 2025). Revenue: NT$4.55b (flat on 1Q 2025). Net loss: NT$204.3m (down NT$252.9m from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
New Risk • Mar 17New 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 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Earnings have declined by 32% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change).
お知らせ • Feb 25BenQ Materials Corporation, Annual General Meeting, May 27, 2026BenQ Materials Corporation, Annual General Meeting, May 27, 2026. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan
Reported Earnings • Feb 25Full year 2025 earnings released: NT$1.14 loss per share (vs NT$0.62 profit in FY 2024)Full year 2025 results: NT$1.14 loss per share (down from NT$0.62 profit in FY 2024). Revenue: NT$17.8b (down 4.0% from FY 2024). Net loss: NT$364.5m (down 283% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
New Risk • Nov 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 493% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.08x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 28x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 21% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.04% net profit margin).
Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: NT$0.28 loss per share (down from NT$0.14 profit in 3Q 2024). Revenue: NT$4.52b (flat on 3Q 2024). Net loss: NT$88.3m (down 299% from profit in 3Q 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
New Risk • Aug 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).
Reported Earnings • Aug 03Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$0.006 (down from NT$0.23 in 2Q 2024). Revenue: NT$4.42b (down 3.7% from 2Q 2024). Net income: NT$2.05m (down 97% from 2Q 2024). Profit margin: 0% (down from 1.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 96%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
Declared Dividend • Jul 04Dividend reduced to NT$0.62Dividend of NT$0.62 is 48% lower than last year. Ex-date: 17th July 2025 Payment date: 15th August 2025 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) and 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 grow by 4.5% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.
Price Target Changed • Jun 16Price target decreased by 31% to NT$25.00Down from NT$36.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$24.10. Stock is down 27% over the past year. The company is forecast to post earnings per share of NT$1.09 for next year compared to NT$0.62 last year.
Reported Earnings • May 01First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: NT$0.15 (up from NT$0.11 in 1Q 2024). Revenue: NT$4.58b (flat on 1Q 2024). Net income: NT$48.6m (up 34% from 1Q 2024). Profit margin: 1.1% (up from 0.8% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 40%. Over the last 3 years on average, earnings per share has fallen by 60% 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 • Apr 23BenQ Materials Corporation to Report Q1, 2025 Results on Apr 30, 2025BenQ Materials Corporation announced that they will report Q1, 2025 results on Apr 30, 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$21.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total loss to shareholders of 28% over the past three years.
Major Estimate Revision • Feb 27Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from NT$19.4b to NT$20.4b. EPS estimate fell from NT$1.56 to NT$1.35 per share. Net income forecast to grow 101% next year vs 23% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$36.00 to NT$34.00. Share price fell 3.0% to NT$29.10 over the past week.
お知らせ • Feb 25BenQ Materials Corporation, Annual General Meeting, May 28, 2025BenQ Materials Corporation, Annual General Meeting, May 28, 2025. Location: no,398, t`ao ying rd., taoyuan district, taoyuan city Taiwan
お知らせ • Feb 15BenQ Materials Corporation to Report Q4, 2024 Results on Feb 24, 2025BenQ Materials Corporation announced that they will report Q4, 2024 results on Feb 24, 2025
お知らせ • Jan 25BenQ Materials Corporation Announces the Change of Juristic-Person DirectorBenQ Materials Corporation announced the change of juristic-person director. Name of legal person: BenQ Corporation; Name of the previous position holder: Conway Lee; Resume of the previous position holder: President of Wellell Inc. Name of the new position holder: Michael Tseng; Resume of the new position holder: Chairman of BenQ Corporation. Reason for the change: Assigned a new representative to serve as a juristic-person director. Original term: June 16, 2022 to June 15, 2025. Effective date of the new appointment: January 24, 2025.
Major Estimate Revision • Nov 11Consensus EPS estimates fall by 55%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from NT$18.1b to NT$18.3b. EPS estimate fell from NT$1.54 to NT$0.69 per share. Net income forecast to grow 187% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$35.00. Share price rose 6.1% to NT$34.15 over the past week.
分析記事 • Nov 06BenQ Materials Corporation Just Missed EPS By 39%: Here's What Analysts Think Will Happen NextThe third-quarter results for BenQ Materials Corporation ( TWSE:8215 ) were released last week, making it a good time...
Reported Earnings • Nov 05Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: NT$0.14 (down from NT$0.58 in 3Q 2023). Revenue: NT$4.49b (down 2.5% from 3Q 2023). Net income: NT$44.5m (down 76% from 3Q 2023). Profit margin: 1.0% (down from 4.1% in 3Q 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 9.3% 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 38% 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 • Oct 24BenQ Materials Corporation to Report Q3, 2024 Results on Oct 31, 2024BenQ Materials Corporation announced that they will report Q3, 2024 results on Oct 31, 2024
Major Estimate Revision • Aug 09Consensus EPS estimates fall by 18%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$0.99 to NT$0.81 per share. Revenue forecast steady at NT$18.1b. Net income forecast to grow 55% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$34.50 unchanged from last update. Share price fell 8.3% to NT$28.55 over the past week.
Reported Earnings • Aug 03Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: NT$0.23 (down from NT$0.45 in 2Q 2023). Revenue: NT$4.59b (down 1.0% from 2Q 2023). Net income: NT$73.7m (down 49% from 2Q 2023). Profit margin: 1.6% (down from 3.1% in 2Q 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%. Revenue is forecast to grow 10% 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 23% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 01Now 21% overvaluedOver the last 90 days, the stock has fallen 5.8% to NT$32.40. The fair value is estimated to be NT$26.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.8%. Revenue is forecast to grow by 5.8% in a year. Earnings are forecast to grow by 18% in the next year.
お知らせ • Jul 25BenQ Materials Corporation to Report Q2, 2024 Results on Aug 01, 2024BenQ Materials Corporation announced that they will report Q2, 2024 results on Aug 01, 2024
Major Estimate Revision • Jul 24Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$1.27 to NT$0.99 per share. Revenue forecast steady at NT$18.0b. Net income forecast to grow 18% next year vs 22% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$34.50 unchanged from last update. Share price fell 6.9% to NT$32.60 over the past week.
分析記事 • Jul 05BenQ Materials (TWSE:8215) Will Pay A Smaller Dividend Than Last YearBenQ Materials Corporation ( TWSE:8215 ) has announced that on 15th of August, it will be paying a dividend ofNT$1.20...
Declared Dividend • Jul 05Dividend reduced to NT$1.20Dividend of NT$1.20 is 40% lower than last year. Ex-date: 18th July 2024 Payment date: 15th August 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) and 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 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.7% to bring the payout ratio under control. EPS is expected to grow by 56% over the next year, which is sufficient to bring the dividend into a sustainable range.
お知らせ • May 31BenQ Materials Corporation Approves Cash Dividend for the Year 2023BenQ Materials Corporation at its AGM held on May 30, 2023 approved cash dividend is TWD 1.2 per share for the year 2023.
Major Estimate Revision • May 13Consensus EPS estimates fall by 31%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$1.83 to NT$1.27 per share. Revenue forecast steady at NT$17.9b. Net income forecast to grow 35% next year vs 33% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$40.50 to NT$34.50. Share price fell 4.4% to NT$32.55 over the past week.
Price Target Changed • May 09Price target decreased by 15% to NT$34.50Down from NT$40.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$33.25. The company is forecast to post earnings per share of NT$1.27 for next year compared to NT$1.29 last year.
Reported Earnings • May 07First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: NT$0.11 (down from NT$0.15 in 1Q 2023). Revenue: NT$4.59b (up 13% from 1Q 2023). Net income: NT$36.4m (down 27% from 1Q 2023). Profit margin: 0.8% (down from 1.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Apr 28BenQ Materials Corporation to Report Q1, 2024 Results on May 06, 2024BenQ Materials Corporation announced that they will report Q1, 2024 results on May 06, 2024
Major Estimate Revision • Mar 19Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$2.29 to NT$1.83 per share. Revenue forecast steady at NT$17.9b. Net income forecast to grow 42% next year vs 33% growth forecast for Electronic industry in Taiwan. Consensus price target of NT$40.50 unchanged from last update. Share price was steady at NT$33.75 over the past week.
Buy Or Sell Opportunity • Feb 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to NT$34.35. The fair value is estimated to be NT$43.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.7%. Revenue is forecast to grow by 5.0% in a year. Earnings are forecast to grow by 78% in the next year.
Reported Earnings • Feb 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$1.29 (down from NT$4.04 in FY 2022). Revenue: NT$17.1b (up 10% from FY 2022). Net income: NT$414.4m (down 68% from FY 2022). Profit margin: 2.4% (down from 8.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.
お知らせ • Feb 23+ 1 more updateBenQ Materials Corporation, Annual General Meeting, May 30, 2024BenQ Materials Corporation, Annual General Meeting, May 30, 2024. Location: Chuto Hotel(NO.398,TAOYING ROAD TAOYUAN DIST, TAOYUAN CITY,TAIWAN,R.O.C Taoyuan City Taiwan Agenda: To consider Report of 2023 business; to Audit Committee's review report ; to the 2023 Distribution of employees & board directors' remuneration; to the 2023 Distribution of 2023 profits in cash; to Status of conducting private placements of securities; to accept the 2023 Business Report and Financial Statements; and to consider other matters if any.
Price Target Changed • Nov 06Price target decreased by 11% to NT$41.65Down from NT$47.00, the current price target is an average from 2 analysts. New target price is 18% above last closing price of NT$35.20. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$1.60 for next year compared to NT$4.04 last year.
Reported Earnings • Nov 03Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2023 results: EPS: NT$0.58 (down from NT$1.67 in 3Q 2022). Revenue: NT$4.60b (up 26% from 3Q 2022). Net income: NT$186.8m (down 65% from 3Q 2022). Profit margin: 4.1% (down from 15% in 3Q 2022). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Aug 23Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$18.6b to NT$18.4b. EPS estimate also fell from NT$1.94 per share to NT$1.72 per share. Net income forecast to shrink 25% next year vs 5.2% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$47.00 to NT$45.50. Share price was steady at NT$35.45 over the past week.
Major Estimate Revision • Aug 12Consensus EPS estimates fall by 27%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from NT$2.65 to NT$1.94 per share. Revenue forecast steady at NT$18.6b. Net income forecast to shrink 11% next year vs 0.9% decline forecast for Electronic industry in Taiwan. Consensus price target up from NT$45.00 to NT$47.00. Share price fell 5.3% to NT$36.70 over the past week.
New Risk • Aug 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Aug 03Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: NT$0.45 (down from NT$0.82 in 2Q 2022). Revenue: NT$4.64b (up 13% from 2Q 2022). Net income: NT$143.8m (down 45% from 2Q 2022). Profit margin: 3.1% (down from 6.4% in 2Q 2022). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 11Upcoming dividend of NT$2.00 per share at 4.8% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.3%).
New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results.
お知らせ • Jul 04BenQ Materials Corporation Announces Dividend, Payment Date of Cash Dividend Distribution of August 15, 2023BenQ Materials Corporation announced dividend. Type and monetary amount of dividend distribution: Cash dividends TWD 641,349,028 (TWD 2 per share) of common stock. Ex-rights (ex-dividend) trading date: 2023/07/18, Last date before book closure: July 19, 2023, Book closure starting date: July 20, 2023, Book closure ending date: July 24, 2023. Ex-rights (ex-dividend) record date: July 24, 2023. Payment date of cash dividend distribution of August 15, 2023.
Price Target Changed • Mar 04Price target increased by 14% to NT$41.00Up from NT$36.00, the current price target is an average from 2 analysts. New target price is 8.8% above last closing price of NT$37.70. Stock is up 11% over the past year. The company is forecast to post earnings per share of NT$2.74 for next year compared to NT$4.04 last year.
Major Estimate Revision • Mar 03Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$2.31 to NT$2.80. Revenue forecast steady at NT$16.7b. Net income forecast to shrink 31% next year vs 3.1% growth forecast for Electronic industry in Taiwan . Consensus price target up from NT$36.00 to NT$38.00. Share price rose 3.6% to NT$37.70 over the past week.
Reported Earnings • Feb 27Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: NT$4.04 (up from NT$3.03 in FY 2021). Revenue: NT$15.5b (down 5.7% from FY 2021). Net income: NT$1.30b (up 33% from FY 2021). Profit margin: 8.3% (up from 5.9% in FY 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.8%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 29Price target increased to NT$36.00Up from NT$33.50, the current price target is an average from 2 analysts. New target price is 11% above last closing price of NT$32.50. Stock is down 17% over the past year. The company is forecast to post earnings per share of NT$3.71 for next year compared to NT$3.03 last year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Louis Y. Y. Lu was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Nov 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NT$16.1b to NT$15.3b. EPS estimate rose from NT$3.10 to NT$3.64. Net income forecast to shrink 38% next year vs 11% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$33.50 to NT$32.50. Share price rose 3.6% to NT$31.35 over the past week.
Reported Earnings • Nov 04Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: NT$1.67 (up from NT$0.84 in 3Q 2021). Revenue: NT$3.65b (down 9.9% from 3Q 2021). Net income: NT$534.0m (up 99% from 3Q 2021). Profit margin: 15% (up from 6.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 03BenQ Materials Corporation (TWSE:8215) agreed to acquire 51% stake in Web Pro Corp for TWD 3.2 billion.BenQ Materials Corporation (TWSE:8215) agreed to acquire 51% stake in Web Pro Corp for TWD 3.2 billion on November 1, 2022. The transaction is approved by board of directors of BenQ Materials Corporation.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$29.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Electronic industry in Taiwan. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$20.41 per share.
お知らせ • Oct 20BenQ Materials Corporation Announces Resignation of Tri-Rung Yew as Independent DirectorBenQ Materials Corporation announced resignation of Tri-Rung Yew as independent director. Resume of the previous position holder is Independent director of BMC. Original term from June 16, 2022 to June 15, 2025.
Price Target Changed • Aug 10Price target decreased to NT$36.33Down from NT$40.50, the current price target is an average from 3 analysts. New target price is 20% above last closing price of NT$30.35. Stock is down 18% over the past year. The company is forecast to post earnings per share of NT$3.13 for next year compared to NT$3.03 last year.
Reported Earnings • Aug 07Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: NT$0.82 (down from NT$0.86 in 2Q 2021). Revenue: NT$4.11b (down 4.0% from 2Q 2021). Net income: NT$259.5m (down 5.6% from 2Q 2021). Profit margin: 6.3% (down from 6.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 23%. Over the next year, revenue is forecast to grow 6.1%, compared to a 8.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 08Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 15 July 2022. Payment date: 12 August 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (6.8%). In line with average of industry peers (4.9%).
お知らせ • Jul 01BenQ Materials Corporation Announces Cash Dividend, Payable on August 12, 2022BenQ Materials Corporation announced cash dividend of TWD 481,011,771 or TWD 1.5 per share. Ex-rights (ex-dividend) trading date is July 15, 2022. Ex-rights (ex-dividend) record date is July 23, 2022. Cash dividend will be paid on August 12, 2022.
お知らせ • Jun 17BenQ Materials Corporation Approves the Cash Dividend for 2021BenQ Materials Corporation approved the cash dividend is TWD 1.5 per share for 2021, at its AGM, held on June 16, 2022.
Major Estimate Revision • Jun 09Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from NT$3.11 to NT$3.63. Revenue forecast steady at NT$17.0b. Net income forecast to grow 2.4% next year vs 12% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$40.60. Share price was steady at NT$36.35 over the past week.
Reported Earnings • May 04First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$0.91 (up from NT$0.52 in 1Q 2021). Revenue: NT$4.16b (up 2.2% from 1Q 2021). Net income: NT$292.8m (up 76% from 1Q 2021). Profit margin: 7.0% (up from 4.1% in 1Q 2021). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Over the next year, revenue is forecast to grow 4.6%, compared to a 10% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Louis Y. Y. Lu was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Buying Opportunity • Apr 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 5.9%. The fair value is estimated to be NT$44.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 3.8% in the next 2 years.
Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: NT$3.03 (up from NT$1.24 in FY 2020). Revenue: NT$16.5b (up 9.5% from FY 2020). Net income: NT$971.6m (up 145% from FY 2020). Profit margin: 5.9% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 1.5%, compared to a 9.3% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 26+ 1 more updateBenQ Materials Corporation announced a financing transactionBenQ Materials Corporation announced a private placement to issue overseas or domestic convertible bonds in private placement on February 24, 2022. The bonds shall be issued no less than 80% of the theoretical price. The bonds shall be issued not exceeding seven years. The bonds shall be convertible into shares of the company. The transaction has been approved by the board of directors of the company.
Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS NT$0.84 (vs NT$0.36 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$4.05b (up 5.8% from 3Q 2020). Net income: NT$268.0m (up 131% from 3Q 2020). Profit margin: 6.6% (up from 3.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 38% per year.
Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$39.35, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$33.32 per share.
Price Target Changed • Aug 20Price target increased to NT$36.25Up from NT$33.00, the current price target is an average from 2 analysts. New target price is 7.8% below last closing price of NT$39.30. Stock is up 114% over the past year.
Major Estimate Revision • Aug 20Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from NT$17.4b to NT$17.1b. EPS estimate rose from NT$2.37 to NT$3.10. Net income forecast to grow 29% next year vs 25% growth forecast for Electronic industry in Taiwan. Consensus price target up from NT$33.00 to NT$36.25. Share price rose 11% to NT$39.30 over the past week.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$33.65, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$33.39 per share.
Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS NT$0.86 (vs NT$0.24 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.28b (up 15% from 2Q 2020). Net income: NT$274.9m (up 258% from 2Q 2020). Profit margin: 6.4% (up from 2.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$30.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in Taiwan. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$22.54 per share.
Upcoming Dividend • Jul 15Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 22 July 2021. Payment date: 17 August 2021. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.9%).
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.52 (vs NT$0.10 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.08b (up 18% from 1Q 2020). Net income: NT$166.3m (up 411% from 1Q 2020). Profit margin: 4.1% (up from 0.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$28.15, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$24.68 per share.
Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 0.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 9.6%, compared to a 16% growth forecast for the Electronic industry in Taiwan.
お知らせ • Feb 26+ 1 more updateBenQ Materials Corporation announced a financing transactionBenQ Materials Corporation (TSEC:8215) announced a private placement of common shares on February 25, 2021. The shares shall be issued at a price which is no less than 80% of the reference price. The transaction has been approved by the board of directors of the company.
Reported Earnings • Feb 26Full year 2020 earnings released: EPS NT$1.23 (vs NT$0.80 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$15.0b (up 7.9% from FY 2019). Net income: NT$396.0m (up 54% from FY 2019). Profit margin: 2.6% (up from 1.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
分析記事 • Feb 11At NT$30.05, Is It Time To Put BenQ Materials Corporation (TPE:8215) On Your Watch List?BenQ Materials Corporation ( TPE:8215 ), might not be a large cap stock, but it received a lot of attention from a...
Is New 90 Day High Low • Jan 28New 90-day high: NT$31.00The company is up 40% from its price of NT$22.20 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$6.11 per share.
分析記事 • Jan 28If You Had Bought BenQ Materials (TPE:8215) Stock A Year Ago, You Could Pocket A 66% Gain TodayPassive investing in index funds can generate returns that roughly match the overall market. But one can do better than...
Major Estimate Revision • Jan 19Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$1.06 to NT$1.22. Revenue estimate for the same period was approximately flat at NT$15.0b. Net income is expected to grow by 163% next year compared to 27% growth forecast for the Electronic industry in Taiwan. The consensus price target increased from NT$28.23 to NT$32.33. Share price is up 3.3% to NT$27.80 over the past week.
分析記事 • Dec 30BenQ Materials (TPE:8215) Takes On Some Risk With Its Use Of DebtThe 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 • Dec 28New 90-day high: NT$28.50The company is up 33% from its price of NT$21.40 on 29 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$13.07 per share.
分析記事 • Dec 15Is BenQ Materials (TPE:8215) Set To Make A Turnaround?Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Is New 90 Day High Low • Dec 01New 90-day high: NT$26.00The company is up 13% from its price of NT$22.95 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$11.51 per share.
分析記事 • Nov 30Should You Buy BenQ Materials Corporation (TPE:8215) For Its Dividend?Could BenQ Materials Corporation (TPE:8215) be an attractive dividend share to own for the long haul? Investors are...
分析記事 • Nov 18Does BenQ Materials's (TPE:8215) Statutory Profit Adequately Reflect Its Underlying Profit?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
Analyst Estimate Surprise Post Earnings • Nov 11Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.004%. Earnings per share (EPS) exceeded analyst estimates by 26%. Over the next year, revenue is forecast to grow 8.1%, compared to a 11% growth forecast for the Electronic industry in Taiwan.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS NT$0.36The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.83b (up 8.5% from 3Q 2019). Net income: NT$116.3m (up 70% from 3Q 2019). Profit margin: 3.0% (up from 1.9% in 3Q 2019). 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 but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS NT$0.36The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.83b (up 8.5% from 3Q 2019). Net income: NT$116.3m (up 70% from 3Q 2019). Profit margin: 3.0% (up from 1.9% in 3Q 2019). 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 but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Nov 05Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 0.004%. Earnings per share (EPS) exceeded analyst estimates by 26%. Over the next year, revenue is forecast to grow 8.1%, compared to a 11% growth forecast for the Electronic industry in Taiwan.
