View ValuationTop Bright Holding 将来の成長Future 基準チェック /06現在、 Top Bright Holdingの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Electronic 収益成長33.3%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報お知らせ • Apr 04Top Bright Holding Co., Ltd. Announces the Suspension of Work to Cooperate with the Epidemic Prevention Policy on Behalf of the SubsidiariesTop Bright Holding Co., Ltd. announced that The company's subsidiaries in Kunshan, Suzhou, mainland China, TScale Electronics Mfg (KunShan) Co., Ltd./Longyoung Electronic (Kunshan) Co., Ltd., have temporarily suspended work from April 2 to April 6 due to cooperating with the local government's epidemic prevention policy. The company will closely observe the situation and cooperate with local government's policy to take measures to respond to the epidemic to ensure the safety and health of employees.すべての更新を表示Recent updatesReported Earnings • May 15First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$2.76 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00 (down from NT$2.76 in 1Q 2025). Revenue: NT$909.6m (up 75% from 1Q 2025). Net income: NT$107.6m (down 6.2% from 1Q 2025). Profit margin: 12% (down from 22% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$307, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 31x in the Electronic industry in Taiwan. Total returns to shareholders of 173% over the past three years.Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$10.13 (vs NT$11.14 in FY 2024)Full year 2025 results: EPS: NT$10.13 (down from NT$11.14 in FY 2024). Revenue: NT$2.91b (up 43% from FY 2024). Net income: NT$418.0m (down 9.6% from FY 2024). Profit margin: 14% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.お知らせ • Mar 13Top Bright Holding Co., Ltd., Annual General Meeting, Jun 23, 2026Top Bright Holding Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,1, wu ch`uan rd., wugu district, new taipei city TaiwanValuation Update With 7 Day Price Move • Jan 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$331, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 192% over the past three years.New Risk • Dec 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (24% increase in shares outstanding).Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$282, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 145% over the past three years.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: NT$2.93 (vs NT$2.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.93 (up from NT$2.30 in 3Q 2024). Revenue: NT$747.2m (up 37% from 3Q 2024). Net income: NT$120.6m (up 26% from 3Q 2024). Profit margin: 16% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$303, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 186% over the past three years.New Risk • Sep 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 9.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (135% cash payout ratio). Shareholders have been diluted in the past year (24% increase in shares outstanding).Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: NT$0.65 (vs NT$1.99 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.65 (down from NT$1.99 in 2Q 2024). Revenue: NT$513.1m (down 2.3% from 2Q 2024). Net income: NT$26.8m (down 68% from 2Q 2024). Profit margin: 5.2% (down from 16% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$326, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 180% over the past three years.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 31%After last week's 31% share price gain to NT$241, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 100% over the past three years.Declared Dividend • Jun 30Dividend increased to NT$8.06Dividend of NT$8.06 is 102% higher than last year. Ex-date: 11th July 2025 Payment date: 8th August 2025 Dividend yield will be 4.6%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 6.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$174, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 43% over the past three years.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$2.76 (vs NT$2.42 in 1Q 2024)First quarter 2025 results: EPS: NT$2.76 (up from NT$2.42 in 1Q 2024). Revenue: NT$518.4m (up 26% from 1Q 2024). Net income: NT$114.6m (up 14% from 1Q 2024). Profit margin: 22% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • May 07Top Bright Holding Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Top Bright Holding Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025お知らせ • Apr 12Top Bright Holding Co., Ltd. Announces Resignation of Tsui Chuan as Chief Internal Auditor, Effective April 11, 2025Top Bright Holding Co., Ltd. announced the change of chief internal auditor. Name, title, and resume of the previous position holder is Kang Tsui Chuan/chief internal auditor. Effective date is April 11, 2025.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$135, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 8.5% over the past three years.New Risk • Apr 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change).お知らせ • Mar 26Top Bright Holding Co., Ltd. Approves the Change of Accounting OfficerTop Bright Holding Co., Ltd. appointed Chen Yu-Ling as Accounting Officer in place of Fu Xiuyue, effective March 13, 2025.Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$11.14 (vs NT$10.23 in FY 2023)Full year 2024 results: EPS: NT$11.14 (up from NT$10.23 in FY 2023). Revenue: NT$2.04b (up 10% from FY 2023). Net income: NT$462.2m (up 8.9% from FY 2023). Profit margin: 23% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Mar 14+ 1 more updateTop Bright Holding Co., Ltd., Annual General Meeting, Jun 25, 2025Top Bright Holding Co., Ltd., Annual General Meeting, Jun 25, 2025. Location: 2 floor no,1, wu ch`uan rd., wugu district, new taipei city Taiwan分析記事 • Mar 03Top Bright Holding Co., Ltd.'s (TWSE:8499) Price Is Right But Growth Is Lacking After Shares Rocket 33%Top Bright Holding Co., Ltd. ( TWSE:8499 ) shareholders have had their patience rewarded with a 33% share price jump in...Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$149, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 9.7% over the past three years.分析記事 • Feb 21There Are Reasons To Feel Uneasy About Top Bright Holding's (TWSE:8499) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...お知らせ • Nov 23Top Bright Holding Co., Ltd. Approves the Resignation of Cai Jierou as Chief Accounting OfficerThe board of directors of Top Bright Holding Co., Ltd. has approved the resignation of Cai Jierou as Chief accounting officer, effective from November 22, 2024, Reason for the change: CareerPlan.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$2.30 (vs NT$2.76 in 3Q 2023)Third quarter 2024 results: EPS: NT$2.30 (down from NT$2.76 in 3Q 2023). Revenue: NT$546.4m (up 14% from 3Q 2023). Net income: NT$95.5m (down 17% from 3Q 2023). Profit margin: 18% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.お知らせ • Nov 06Top Bright Holding Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024Top Bright Holding Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: NT$1.99 (vs NT$3.61 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.99 (down from NT$3.61 in 2Q 2023). Revenue: NT$525.3m (up 2.5% from 2Q 2023). Net income: NT$82.5m (down 45% from 2Q 2023). Profit margin: 16% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Aug 21Top Bright Holding Co., Ltd. to Report Q2, 2024 Results on Aug 28, 2024Top Bright Holding Co., Ltd. announced that they will report Q2, 2024 results on Aug 28, 2024Upcoming Dividend • Jun 27Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 04 July 2024. Payment date: 09 August 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.6%).Reported Earnings • May 16First quarter 2024 earnings released: EPS: NT$2.42 (vs NT$1.87 in 1Q 2023)First quarter 2024 results: EPS: NT$2.42 (up from NT$1.87 in 1Q 2023). Revenue: NT$411.9m (up 6.3% from 1Q 2023). Net income: NT$100.4m (up 30% from 1Q 2023). Profit margin: 24% (up from 20% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year.New Risk • Mar 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 23% Last year net profit margin: 35% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (23% net profit margin).Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$8.97 (vs NT$19.69 in FY 2022)Full year 2023 results: EPS: NT$8.97 (down from NT$19.69 in FY 2022). Revenue: NT$1.85b (down 20% from FY 2022). Net income: NT$424.5m (down 48% from FY 2022). Profit margin: 23% (down from 35% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.お知らせ • Mar 16Top Bright Holding Co., Ltd., Annual General Meeting, Jun 18, 2024Top Bright Holding Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: 2nd Floor, No. 1, Wuquan Road, Wugu District, New Taipei City (New Taipei City Industrial and Commercial Exhibition Center Conference Room) New Taipei City Taiwan Agenda: To consider 2023 Annual Business Report; The Audit Committee will review the 2023 final accounts report; 2023 Annual Report on Remuneration Distribution for Employees and Directors; Amendments to the report on the standards of Procedures of the Board of Directors; and to discuss other matters.New Risk • Nov 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: NT$2.58 (vs NT$5.44 in 3Q 2022)Third quarter 2023 results: EPS: NT$2.58 (down from NT$5.44 in 3Q 2022). Revenue: NT$480.0m (down 24% from 3Q 2022). Net income: NT$114.4m (down 49% from 3Q 2022). Profit margin: 24% (down from 36% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 07Upcoming dividend of NT$2.00 per share at 2.0% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 17% and the cash payout ratio is 78%. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).Reported Earnings • Sep 01Second quarter 2023 earnings released: EPS: NT$2.89 (vs NT$3.34 in 2Q 2022)Second quarter 2023 results: EPS: NT$2.89 (down from NT$3.34 in 2Q 2022). Revenue: NT$512.4m (down 14% from 2Q 2022). Net income: NT$149.8m (down 14% from 2Q 2022). Profit margin: 29% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Aug 31+ 2 more updatesTop Bright Holding Co., Ltd. Announces Change the General Manager of the Weighing Instrument BusinessTop Bright Holding Co., Ltd. announced the resignation of Fu Qingxuan/General Manager of Weighing Instrument Business/General Manager TScale Electronics Mfg (KunShan)Co.,Ltd. The company also appointed Fu Yiyang, General Manager of Weighing Instrument Business/General Manager TScale Electronics Mfg (KunShan)Co.,Ltd. Reason for the change: After Chairman Fu Qingxuan resigned as the manager of the original group, Fu Yiyang temporarily replaced the relevant weighing instrument business. The board of directors officially appointed Fu Yiyang as the general manager of the weighing instrument business, and concurrently as the general manager of an important subsidiary TScale Electronics Mfg (KunShan)Co.,Ltd. General Manager, Fu Yiyang was appointed by insiders on September 1, 2023.Upcoming Dividend • Jul 12Upcoming dividend of NT$2.00 per share at 2.0% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).Reported Earnings • May 26Full year 2022 earnings released: EPS: NT$15.75 (vs NT$14.14 in FY 2021)Full year 2022 results: EPS: NT$15.75 (up from NT$14.14 in FY 2021). Revenue: NT$2.31b (down 13% from FY 2021). Net income: NT$816.6m (up 11% from FY 2021). Profit margin: 35% (up from 28% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shang-Chih Hou was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$4.35 (vs NT$4.50 in 3Q 2021)Third quarter 2022 results: EPS: NT$4.35 (down from NT$4.50 in 3Q 2021). Revenue: NT$633.9m (down 13% from 3Q 2021). Net income: NT$225.5m (down 3.4% from 3Q 2021). Profit margin: 36% (up from 32% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Upcoming Dividend • Nov 01Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 08 November 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 7.6%. Within top quartile of Taiwanese dividend payers (7.4%). Higher than average of industry peers (4.9%).Reported Earnings • Aug 30Second quarter 2022 earnings released: EPS: NT$3.33 (vs NT$2.90 in 2Q 2021)Second quarter 2022 results: EPS: NT$3.33 (up from NT$2.90 in 2Q 2021). Revenue: NT$595.9m (down 4.1% from 2Q 2021). Net income: NT$173.3m (up 15% from 2Q 2021). Profit margin: 29% (up from 24% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Aug 26Top Bright Holding Co., Ltd. Appoints Kang Zaixin as Chief Information Security OfficerTop Bright Holding Co., Ltd. announced the appointment of Kang Zaixin /Chief Financial Officer and Corporate Governance Supervisor of the company, as chief information security officer. Effective date is August 25, 2022.Board Change • Jul 03Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shang-Chih Hou was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 04Top Bright Holding Co., Ltd. Announces the Suspension of Work to Cooperate with the Epidemic Prevention Policy on Behalf of the SubsidiariesTop Bright Holding Co., Ltd. announced that The company's subsidiaries in Kunshan, Suzhou, mainland China, TScale Electronics Mfg (KunShan) Co., Ltd./Longyoung Electronic (Kunshan) Co., Ltd., have temporarily suspended work from April 2 to April 6 due to cooperating with the local government's epidemic prevention policy. The company will closely observe the situation and cooperate with local government's policy to take measures to respond to the epidemic to ensure the safety and health of employees.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$14.14 (vs NT$12.39 in FY 2020)Full year 2021 results: EPS: NT$14.14 (up from NT$12.39 in FY 2020). Revenue: NT$2.66b (up 13% from FY 2020). Net income: NT$733.2m (up 15% from FY 2020). Profit margin: 28% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$4.50 (vs NT$5.08 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$732.2m (up 1.6% from 3Q 2020). Net income: NT$233.3m (down 10% from 3Q 2020). Profit margin: 32% (down from 36% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year.Reported Earnings • Sep 01Second quarter 2021 earnings released: EPS NT$2.90 (vs NT$3.61 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$621.3m (up 2.6% from 2Q 2020). Net income: NT$150.4m (down 19% from 2Q 2020). Profit margin: 24% (down from 31% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 21% per year.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$111, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 79% over the past three years.Upcoming Dividend • Aug 09Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 16 August 2021. Payment date: 09 September 2021. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%).Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$119, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 62% over the past three years.Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$3.14 (vs NT$1.74 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$583.9m (up 67% from 1Q 2020). Net income: NT$162.9m (up 83% from 1Q 2020). Profit margin: 28% (up from 26% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 21Is Top Bright Holding Co., Ltd. (TPE:8499) A Smart Pick For Income Investors?Could Top Bright Holding Co., Ltd. ( TPE:8499 ) be an attractive dividend share to own for the long haul? Investors are...Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$12.39 (vs NT$8.14 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.36b (up 27% from FY 2019). Net income: NT$636.2m (up 52% from FY 2019). Profit margin: 27% (up from 23% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year.お知らせ • Mar 20Top Bright Holding Co., Ltd., Annual General Meeting, Jun 10, 2021Top Bright Holding Co., Ltd., Annual General Meeting, Jun 10, 2021. Location: 3F No. 631 Zhongzheng Road,Zhonghe District,New Taipei City 235 (RSL HOTEL TAIPEI ZHONGHE) Taiwan Taiwan Agenda: To report the business of 2020; to consider Audit Committee's review report; to report 2020 employees' profit sharing bonus and directors' compensation; to consider LONGYOUNG Electronics (Kunshan) Co., Ltd. plans to be listed on the A-shares in Mainland China. According to local laws and regulations, TOP BRIGHT HOLDING CO., LTD., LONGYOUNG Electronics (Kunshan) Co., Ltd. and LONG YOUNG (SAMOA) HOLDING Co., Ltd. intend to issue commitments report.Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$153, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.8x. This compares to an average P/E of 19x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 93%.Is New 90 Day High Low • Mar 10New 90-day high: NT$148The company is up 1.0% from its price of NT$147 on 10 December 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.分析記事 • Jan 21Shareholders Of Top Bright Holding (TPE:8499) Must Be Happy With Their 58% ReturnTop Bright Holding Co., Ltd. ( TPE:8499 ) shareholders might be concerned after seeing the share price drop 14% in the...Is New 90 Day High Low • Jan 20New 90-day low: NT$125The company is down 14% from its price of NT$145 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.Is New 90 Day High Low • Jan 04New 90-day low: NT$137The company is down 5.0% from its price of NT$144 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period.分析記事 • Dec 31Is There An Opportunity With Top Bright Holding Co., Ltd.'s (TPE:8499) 28% Undervaluation?Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Top Bright Holding...分析記事 • Dec 17Top Bright Holding Co., Ltd.'s (TPE:8499) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?It is hard to get excited after looking at Top Bright Holding's (TPE:8499) recent performance, when its stock has...分析記事 • Dec 02Does Top Bright Holding (TPE:8499) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Nov 19The Trends At Top Bright Holding (TPE:8499) That You Should Know AboutWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Reported Earnings • Nov 10Third quarter 2020 earnings released: EPS NT$5.08The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$720.8m (up 46% from 3Q 2019). Net income: NT$260.4m (up 76% from 3Q 2019). Profit margin: 36% (up from 30% in 3Q 2019). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Nov 09Market bids up stock over the past weekAfter last week's 18% share price gain to NT$171, the stock is trading at a trailing P/E ratio of 17.1x, up from the previous P/E ratio of 14.5x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past year are 56%.Is New 90 Day High Low • Nov 04New 90-day high: NT$164The company is up 21% from its price of NT$136 on 06 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$90.85 per share. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Top Bright Holding は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TWSE:8499 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20263,30441184605N/A12/31/20252,913418-16488N/A9/30/20252,334446-65349N/A6/30/20252,133421244435N/A3/31/20252,145476336455N/A12/31/20242,039462205425N/A9/30/20241,952361209473N/A6/30/20241,88638020366N/A3/31/20241,873447-38478N/A12/31/20231,849424115475N/A9/30/20231,831562111405N/A6/30/20231,985673529732N/A3/31/20232,069696789872N/A12/31/20222,309817812942N/A9/30/20222,5807839171,029N/A6/30/20222,678791832980N/A3/31/20222,704768703878N/A12/31/20212,660733804912N/A9/30/20212,623648726849N/A6/30/20212,612675593669N/A3/31/20212,596710450623N/A12/31/20202,361636335510N/A9/30/20202,183624373550N/A6/30/20201,956512273468N/A3/31/20201,808437337418N/A12/31/20191,856418N/A506N/A9/30/20191,900486N/A418N/A6/30/20191,842455N/A440N/A3/31/20191,730444N/A458N/A12/31/20181,647409N/A309N/A9/30/20181,484340N/A337N/A6/30/20181,438312N/A323N/A3/31/20181,486302N/A321N/A12/31/20171,469328N/A358N/A9/30/20171,484362N/A371N/A6/30/20171,449366N/A427N/A3/31/20171,422319N/A366N/A12/31/20161,439306N/A383N/A12/31/2015803293N/A273N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 8499の予測収益成長が 貯蓄率 ( 1.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 8499の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 8499の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 8499の収益がTW市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 8499の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 8499の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 09:46終値2026/05/21 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Top Bright Holding Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Chia-Teng WangSinoPac Securities Investment ServiceQiwei KaoYuanta Research
お知らせ • Apr 04Top Bright Holding Co., Ltd. Announces the Suspension of Work to Cooperate with the Epidemic Prevention Policy on Behalf of the SubsidiariesTop Bright Holding Co., Ltd. announced that The company's subsidiaries in Kunshan, Suzhou, mainland China, TScale Electronics Mfg (KunShan) Co., Ltd./Longyoung Electronic (Kunshan) Co., Ltd., have temporarily suspended work from April 2 to April 6 due to cooperating with the local government's epidemic prevention policy. The company will closely observe the situation and cooperate with local government's policy to take measures to respond to the epidemic to ensure the safety and health of employees.
Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$2.76 in 1Q 2025)First quarter 2026 results: EPS: NT$2.00 (down from NT$2.76 in 1Q 2025). Revenue: NT$909.6m (up 75% from 1Q 2025). Net income: NT$107.6m (down 6.2% from 1Q 2025). Profit margin: 12% (down from 22% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$307, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 31x in the Electronic industry in Taiwan. Total returns to shareholders of 173% over the past three years.
Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$10.13 (vs NT$11.14 in FY 2024)Full year 2025 results: EPS: NT$10.13 (down from NT$11.14 in FY 2024). Revenue: NT$2.91b (up 43% from FY 2024). Net income: NT$418.0m (down 9.6% from FY 2024). Profit margin: 14% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
お知らせ • Mar 13Top Bright Holding Co., Ltd., Annual General Meeting, Jun 23, 2026Top Bright Holding Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,1, wu ch`uan rd., wugu district, new taipei city Taiwan
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$331, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 192% over the past three years.
New Risk • Dec 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (24% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$282, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 145% over the past three years.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: NT$2.93 (vs NT$2.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.93 (up from NT$2.30 in 3Q 2024). Revenue: NT$747.2m (up 37% from 3Q 2024). Net income: NT$120.6m (up 26% from 3Q 2024). Profit margin: 16% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$303, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 186% over the past three years.
New Risk • Sep 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 9.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (135% cash payout ratio). Shareholders have been diluted in the past year (24% increase in shares outstanding).
Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: NT$0.65 (vs NT$1.99 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.65 (down from NT$1.99 in 2Q 2024). Revenue: NT$513.1m (down 2.3% from 2Q 2024). Net income: NT$26.8m (down 68% from 2Q 2024). Profit margin: 5.2% (down from 16% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$326, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 180% over the past three years.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 31%After last week's 31% share price gain to NT$241, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 100% over the past three years.
Declared Dividend • Jun 30Dividend increased to NT$8.06Dividend of NT$8.06 is 102% higher than last year. Ex-date: 11th July 2025 Payment date: 8th August 2025 Dividend yield will be 4.6%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 6.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$174, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 43% over the past three years.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$2.76 (vs NT$2.42 in 1Q 2024)First quarter 2025 results: EPS: NT$2.76 (up from NT$2.42 in 1Q 2024). Revenue: NT$518.4m (up 26% from 1Q 2024). Net income: NT$114.6m (up 14% from 1Q 2024). Profit margin: 22% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • May 07Top Bright Holding Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Top Bright Holding Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025
お知らせ • Apr 12Top Bright Holding Co., Ltd. Announces Resignation of Tsui Chuan as Chief Internal Auditor, Effective April 11, 2025Top Bright Holding Co., Ltd. announced the change of chief internal auditor. Name, title, and resume of the previous position holder is Kang Tsui Chuan/chief internal auditor. Effective date is April 11, 2025.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$135, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 8.5% over the past three years.
New Risk • Apr 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change).
お知らせ • Mar 26Top Bright Holding Co., Ltd. Approves the Change of Accounting OfficerTop Bright Holding Co., Ltd. appointed Chen Yu-Ling as Accounting Officer in place of Fu Xiuyue, effective March 13, 2025.
Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$11.14 (vs NT$10.23 in FY 2023)Full year 2024 results: EPS: NT$11.14 (up from NT$10.23 in FY 2023). Revenue: NT$2.04b (up 10% from FY 2023). Net income: NT$462.2m (up 8.9% from FY 2023). Profit margin: 23% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Mar 14+ 1 more updateTop Bright Holding Co., Ltd., Annual General Meeting, Jun 25, 2025Top Bright Holding Co., Ltd., Annual General Meeting, Jun 25, 2025. Location: 2 floor no,1, wu ch`uan rd., wugu district, new taipei city Taiwan
分析記事 • Mar 03Top Bright Holding Co., Ltd.'s (TWSE:8499) Price Is Right But Growth Is Lacking After Shares Rocket 33%Top Bright Holding Co., Ltd. ( TWSE:8499 ) shareholders have had their patience rewarded with a 33% share price jump in...
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$149, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 9.7% over the past three years.
分析記事 • Feb 21There Are Reasons To Feel Uneasy About Top Bright Holding's (TWSE:8499) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
お知らせ • Nov 23Top Bright Holding Co., Ltd. Approves the Resignation of Cai Jierou as Chief Accounting OfficerThe board of directors of Top Bright Holding Co., Ltd. has approved the resignation of Cai Jierou as Chief accounting officer, effective from November 22, 2024, Reason for the change: CareerPlan.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$2.30 (vs NT$2.76 in 3Q 2023)Third quarter 2024 results: EPS: NT$2.30 (down from NT$2.76 in 3Q 2023). Revenue: NT$546.4m (up 14% from 3Q 2023). Net income: NT$95.5m (down 17% from 3Q 2023). Profit margin: 18% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 06Top Bright Holding Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024Top Bright Holding Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: NT$1.99 (vs NT$3.61 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.99 (down from NT$3.61 in 2Q 2023). Revenue: NT$525.3m (up 2.5% from 2Q 2023). Net income: NT$82.5m (down 45% from 2Q 2023). Profit margin: 16% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 21Top Bright Holding Co., Ltd. to Report Q2, 2024 Results on Aug 28, 2024Top Bright Holding Co., Ltd. announced that they will report Q2, 2024 results on Aug 28, 2024
Upcoming Dividend • Jun 27Upcoming dividend of NT$4.00 per shareEligible shareholders must have bought the stock before 04 July 2024. Payment date: 09 August 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.6%).
Reported Earnings • May 16First quarter 2024 earnings released: EPS: NT$2.42 (vs NT$1.87 in 1Q 2023)First quarter 2024 results: EPS: NT$2.42 (up from NT$1.87 in 1Q 2023). Revenue: NT$411.9m (up 6.3% from 1Q 2023). Net income: NT$100.4m (up 30% from 1Q 2023). Profit margin: 24% (up from 20% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year.
New Risk • Mar 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 23% Last year net profit margin: 35% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (23% net profit margin).
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: NT$8.97 (vs NT$19.69 in FY 2022)Full year 2023 results: EPS: NT$8.97 (down from NT$19.69 in FY 2022). Revenue: NT$1.85b (down 20% from FY 2022). Net income: NT$424.5m (down 48% from FY 2022). Profit margin: 23% (down from 35% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
お知らせ • Mar 16Top Bright Holding Co., Ltd., Annual General Meeting, Jun 18, 2024Top Bright Holding Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: 2nd Floor, No. 1, Wuquan Road, Wugu District, New Taipei City (New Taipei City Industrial and Commercial Exhibition Center Conference Room) New Taipei City Taiwan Agenda: To consider 2023 Annual Business Report; The Audit Committee will review the 2023 final accounts report; 2023 Annual Report on Remuneration Distribution for Employees and Directors; Amendments to the report on the standards of Procedures of the Board of Directors; and to discuss other matters.
New Risk • Nov 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: NT$2.58 (vs NT$5.44 in 3Q 2022)Third quarter 2023 results: EPS: NT$2.58 (down from NT$5.44 in 3Q 2022). Revenue: NT$480.0m (down 24% from 3Q 2022). Net income: NT$114.4m (down 49% from 3Q 2022). Profit margin: 24% (down from 36% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 07Upcoming dividend of NT$2.00 per share at 2.0% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 17% and the cash payout ratio is 78%. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).
Reported Earnings • Sep 01Second quarter 2023 earnings released: EPS: NT$2.89 (vs NT$3.34 in 2Q 2022)Second quarter 2023 results: EPS: NT$2.89 (down from NT$3.34 in 2Q 2022). Revenue: NT$512.4m (down 14% from 2Q 2022). Net income: NT$149.8m (down 14% from 2Q 2022). Profit margin: 29% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Aug 31+ 2 more updatesTop Bright Holding Co., Ltd. Announces Change the General Manager of the Weighing Instrument BusinessTop Bright Holding Co., Ltd. announced the resignation of Fu Qingxuan/General Manager of Weighing Instrument Business/General Manager TScale Electronics Mfg (KunShan)Co.,Ltd. The company also appointed Fu Yiyang, General Manager of Weighing Instrument Business/General Manager TScale Electronics Mfg (KunShan)Co.,Ltd. Reason for the change: After Chairman Fu Qingxuan resigned as the manager of the original group, Fu Yiyang temporarily replaced the relevant weighing instrument business. The board of directors officially appointed Fu Yiyang as the general manager of the weighing instrument business, and concurrently as the general manager of an important subsidiary TScale Electronics Mfg (KunShan)Co.,Ltd. General Manager, Fu Yiyang was appointed by insiders on September 1, 2023.
Upcoming Dividend • Jul 12Upcoming dividend of NT$2.00 per share at 2.0% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).
Reported Earnings • May 26Full year 2022 earnings released: EPS: NT$15.75 (vs NT$14.14 in FY 2021)Full year 2022 results: EPS: NT$15.75 (up from NT$14.14 in FY 2021). Revenue: NT$2.31b (down 13% from FY 2021). Net income: NT$816.6m (up 11% from FY 2021). Profit margin: 35% (up from 28% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shang-Chih Hou was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$4.35 (vs NT$4.50 in 3Q 2021)Third quarter 2022 results: EPS: NT$4.35 (down from NT$4.50 in 3Q 2021). Revenue: NT$633.9m (down 13% from 3Q 2021). Net income: NT$225.5m (down 3.4% from 3Q 2021). Profit margin: 36% (up from 32% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Nov 01Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 08 November 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 7.6%. Within top quartile of Taiwanese dividend payers (7.4%). Higher than average of industry peers (4.9%).
Reported Earnings • Aug 30Second quarter 2022 earnings released: EPS: NT$3.33 (vs NT$2.90 in 2Q 2021)Second quarter 2022 results: EPS: NT$3.33 (up from NT$2.90 in 2Q 2021). Revenue: NT$595.9m (down 4.1% from 2Q 2021). Net income: NT$173.3m (up 15% from 2Q 2021). Profit margin: 29% (up from 24% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Aug 26Top Bright Holding Co., Ltd. Appoints Kang Zaixin as Chief Information Security OfficerTop Bright Holding Co., Ltd. announced the appointment of Kang Zaixin /Chief Financial Officer and Corporate Governance Supervisor of the company, as chief information security officer. Effective date is August 25, 2022.
Board Change • Jul 03Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shang-Chih Hou was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 04Top Bright Holding Co., Ltd. Announces the Suspension of Work to Cooperate with the Epidemic Prevention Policy on Behalf of the SubsidiariesTop Bright Holding Co., Ltd. announced that The company's subsidiaries in Kunshan, Suzhou, mainland China, TScale Electronics Mfg (KunShan) Co., Ltd./Longyoung Electronic (Kunshan) Co., Ltd., have temporarily suspended work from April 2 to April 6 due to cooperating with the local government's epidemic prevention policy. The company will closely observe the situation and cooperate with local government's policy to take measures to respond to the epidemic to ensure the safety and health of employees.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$14.14 (vs NT$12.39 in FY 2020)Full year 2021 results: EPS: NT$14.14 (up from NT$12.39 in FY 2020). Revenue: NT$2.66b (up 13% from FY 2020). Net income: NT$733.2m (up 15% from FY 2020). Profit margin: 28% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$4.50 (vs NT$5.08 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$732.2m (up 1.6% from 3Q 2020). Net income: NT$233.3m (down 10% from 3Q 2020). Profit margin: 32% (down from 36% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year.
Reported Earnings • Sep 01Second quarter 2021 earnings released: EPS NT$2.90 (vs NT$3.61 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$621.3m (up 2.6% from 2Q 2020). Net income: NT$150.4m (down 19% from 2Q 2020). Profit margin: 24% (down from 31% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 21% per year.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$111, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 79% over the past three years.
Upcoming Dividend • Aug 09Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 16 August 2021. Payment date: 09 September 2021. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%).
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$119, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 62% over the past three years.
Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$3.14 (vs NT$1.74 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$583.9m (up 67% from 1Q 2020). Net income: NT$162.9m (up 83% from 1Q 2020). Profit margin: 28% (up from 26% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 21Is Top Bright Holding Co., Ltd. (TPE:8499) A Smart Pick For Income Investors?Could Top Bright Holding Co., Ltd. ( TPE:8499 ) be an attractive dividend share to own for the long haul? Investors are...
Reported Earnings • Apr 01Full year 2020 earnings released: EPS NT$12.39 (vs NT$8.14 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.36b (up 27% from FY 2019). Net income: NT$636.2m (up 52% from FY 2019). Profit margin: 27% (up from 23% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year.
お知らせ • Mar 20Top Bright Holding Co., Ltd., Annual General Meeting, Jun 10, 2021Top Bright Holding Co., Ltd., Annual General Meeting, Jun 10, 2021. Location: 3F No. 631 Zhongzheng Road,Zhonghe District,New Taipei City 235 (RSL HOTEL TAIPEI ZHONGHE) Taiwan Taiwan Agenda: To report the business of 2020; to consider Audit Committee's review report; to report 2020 employees' profit sharing bonus and directors' compensation; to consider LONGYOUNG Electronics (Kunshan) Co., Ltd. plans to be listed on the A-shares in Mainland China. According to local laws and regulations, TOP BRIGHT HOLDING CO., LTD., LONGYOUNG Electronics (Kunshan) Co., Ltd. and LONG YOUNG (SAMOA) HOLDING Co., Ltd. intend to issue commitments report.
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$153, the stock is trading at a trailing P/E ratio of 12.6x, up from the previous P/E ratio of 10.8x. This compares to an average P/E of 19x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 93%.
Is New 90 Day High Low • Mar 10New 90-day high: NT$148The company is up 1.0% from its price of NT$147 on 10 December 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.
分析記事 • Jan 21Shareholders Of Top Bright Holding (TPE:8499) Must Be Happy With Their 58% ReturnTop Bright Holding Co., Ltd. ( TPE:8499 ) shareholders might be concerned after seeing the share price drop 14% in the...
Is New 90 Day High Low • Jan 20New 90-day low: NT$125The company is down 14% from its price of NT$145 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.
Is New 90 Day High Low • Jan 04New 90-day low: NT$137The company is down 5.0% from its price of NT$144 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period.
分析記事 • Dec 31Is There An Opportunity With Top Bright Holding Co., Ltd.'s (TPE:8499) 28% Undervaluation?Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Top Bright Holding...
分析記事 • Dec 17Top Bright Holding Co., Ltd.'s (TPE:8499) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?It is hard to get excited after looking at Top Bright Holding's (TPE:8499) recent performance, when its stock has...
分析記事 • Dec 02Does Top Bright Holding (TPE:8499) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Nov 19The Trends At Top Bright Holding (TPE:8499) That You Should Know AboutWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Reported Earnings • Nov 10Third quarter 2020 earnings released: EPS NT$5.08The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$720.8m (up 46% from 3Q 2019). Net income: NT$260.4m (up 76% from 3Q 2019). Profit margin: 36% (up from 30% in 3Q 2019). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Nov 09Market bids up stock over the past weekAfter last week's 18% share price gain to NT$171, the stock is trading at a trailing P/E ratio of 17.1x, up from the previous P/E ratio of 14.5x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past year are 56%.
Is New 90 Day High Low • Nov 04New 90-day high: NT$164The company is up 21% from its price of NT$136 on 06 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$90.85 per share.