View Future GrowthHwaCom Systems 過去の業績過去 基準チェック /16HwaCom Systemsの収益は年間平均-0.6%の割合で減少していますが、 Telecom業界の収益は年間 増加しています。収益は年間2% 1.2%割合で 増加しています。 HwaCom Systemsの自己資本利益率は2.8%であり、純利益率は1.3%です。主要情報-0.58%収益成長率-4.67%EPS成長率Telecom 業界の成長13.35%収益成長率1.17%株主資本利益率2.76%ネット・マージン1.25%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$0.016 (vs NT$0.17 in 1Q 2025)First quarter 2026 results: EPS: NT$0.016 (down from NT$0.17 in 1Q 2025). Revenue: NT$1.82b (up 46% from 1Q 2025). Net income: NT$2.23m (down 91% from 1Q 2025). Profit margin: 0.1% (down from 1.9% 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 11% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$0.75 (vs NT$0.93 in FY 2024)Full year 2025 results: EPS: NT$0.75 (down from NT$0.93 in FY 2024). Revenue: NT$6.11b (up 11% from FY 2024). Net income: NT$105.4m (down 19% from FY 2024). Profit margin: 1.7% (down from 2.4% 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 10% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.14 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.22 (up from NT$0.14 loss in 3Q 2024). Revenue: NT$1.64b (up 20% from 3Q 2024). Net income: NT$31.2m (up NT$51.6m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 19Second quarter 2025 earnings released: NT$0.56 loss per share (vs NT$0.56 profit in 2Q 2024)Second quarter 2025 results: NT$0.56 loss per share (down from NT$0.56 profit in 2Q 2024). Revenue: NT$975.0m (down 22% from 2Q 2024). Net loss: NT$78.6m (down 200% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Reported Earnings • May 17First quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.55 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.17 (up from NT$0.55 loss in 1Q 2024). Revenue: NT$1.25b (up 38% from 1Q 2024). Net income: NT$23.9m (up NT$101.5m from 1Q 2024). Profit margin: 1.9% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 01HwaCom Systems Inc. to Report Q1, 2025 Results on May 08, 2025HwaCom Systems Inc. announced that they will report Q1, 2025 results on May 08, 2025すべての更新を表示Recent updatesReported Earnings • May 16First quarter 2026 earnings released: EPS: NT$0.016 (vs NT$0.17 in 1Q 2025)First quarter 2026 results: EPS: NT$0.016 (down from NT$0.17 in 1Q 2025). Revenue: NT$1.82b (up 46% from 1Q 2025). Net income: NT$2.23m (down 91% from 1Q 2025). Profit margin: 0.1% (down from 1.9% 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 11% 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 • Apr 27Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to NT$57.90, the stock trades at a trailing P/E ratio of 78x. Average trailing P/E is 25x in the Telecom industry in Taiwan. Total returns to shareholders of 148% over the past three years.Buy Or Sell Opportunity • Apr 23Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.0% to NT$64.60. The fair value is estimated to be NT$83.61, 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 declined by 10%.Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$0.75 (vs NT$0.93 in FY 2024)Full year 2025 results: EPS: NT$0.75 (down from NT$0.93 in FY 2024). Revenue: NT$6.11b (up 11% from FY 2024). Net income: NT$105.4m (down 19% from FY 2024). Profit margin: 1.7% (down from 2.4% 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 10% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings.お知らせ • Mar 12HwaCom Systems Inc., Annual General Meeting, Jun 26, 2026HwaCom Systems Inc., Annual General Meeting, Jun 26, 2026. Location: 18 floor building. b no,102, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city TaiwanValuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$57.10, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 23x in the Telecom industry in Taiwan. Total returns to shareholders of 280% over the past three years.Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$65.60, the stock trades at a trailing P/E ratio of 73.7x. Average trailing P/E is 23x in the Telecom industry in Taiwan. Total returns to shareholders of 345% over the past three years.Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$56.90, the stock trades at a trailing P/E ratio of 64x. Average trailing P/E is 24x in the Telecom industry in Taiwan. Total returns to shareholders of 304% over the past three years.Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$43.45, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 23x in the Telecom industry in Taiwan. Total returns to shareholders of 191% over the past three years.Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$33.25, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 24x in the Telecom industry in Taiwan. Total returns to shareholders of 133% over the past three years.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.14 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.22 (up from NT$0.14 loss in 3Q 2024). Revenue: NT$1.64b (up 20% from 3Q 2024). Net income: NT$31.2m (up NT$51.6m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin).Valuation Update With 7 Day Price Move • Oct 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$25.15, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 26x in the Telecom industry in Taiwan. Total returns to shareholders of 79% over the past three years.New Risk • Sep 02New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.07b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (NT$3.07b market cap, or US$99.9m).Declared Dividend • Aug 20Dividend increased to NT$0.45Dividend of NT$0.45 is 50% higher than last year. Ex-date: 2nd September 2025 Payment date: 30th September 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (91% 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 13% per year over the past 3 years and payments have been stable during that time. Earnings per share declined by 4.9% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range.Reported Earnings • Aug 19Second quarter 2025 earnings released: NT$0.56 loss per share (vs NT$0.56 profit in 2Q 2024)Second quarter 2025 results: NT$0.56 loss per share (down from NT$0.56 profit in 2Q 2024). Revenue: NT$975.0m (down 22% from 2Q 2024). Net loss: NT$78.6m (down 200% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.お知らせ • Jun 21+ 2 more updatesHwacom Systems Inc. Announces Changes to Remuneration CommitteeHwacom Systems Inc. announced the appointment of new members to the Remuneration Committee following the expiration of the previous term. The previous position holders were Jason Lee, Li Ming-juinn, and Chorng-Shyong Ong. Their resumes are as follows: Jason Lee is the Director of 3D GLOBAL BIOTECH INC., Li Ming-juinn is the Dean for Research & Development of Taiwan Brain Trust, and Chorng-Shyong Ong is an Adjunct Professor of Information Management at NTU. The new position holders are Jason Lee, Chorng-Shyong Ong, and Cllin Lin, who is a Professor in the Department of Technology for Smart Living at Huafan University. The change is due to term expiration and new appointments, with the original term being from June 27, 2025, to June 26, 2025. The effective date of the new members is June 20, 2025.New Risk • May 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.98b market cap, or US$99.4m).Reported Earnings • May 17First quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.55 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.17 (up from NT$0.55 loss in 1Q 2024). Revenue: NT$1.25b (up 38% from 1Q 2024). Net income: NT$23.9m (up NT$101.5m from 1Q 2024). Profit margin: 1.9% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 01HwaCom Systems Inc. to Report Q1, 2025 Results on May 08, 2025HwaCom Systems Inc. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$21.55, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 26x in the Telecom industry in Taiwan. Total returns to shareholders of 34% over the past three years.New Risk • Apr 10New 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 8.0% 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: Major Risk High level of non-cash earnings (54% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (NT$2.50b market cap, or US$76.1m).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$17.85, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 24x in the Telecom industry in Taiwan. Total returns to shareholders of 5.4% over the past three years.Reported Earnings • Apr 02Full year 2024 earnings released: EPS: NT$0.93 (vs NT$0.42 in FY 2023)Full year 2024 results: EPS: NT$0.93 (up from NT$0.42 in FY 2023). Revenue: NT$5.50b (up 4.8% from FY 2023). Net income: NT$130.6m (up 127% from FY 2023). Profit margin: 2.4% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Mar 26HwaCom Systems Inc. announced that it expects to receive TWD 300 million in fundingHwaCom Systems Inc announced a private placement to issue Zero Coupon Series 5 Domestic Unsecured Convertible Corporate Bond for gross proceeds of TWD 300,000,000 on March 25, 2025. The transaction has been approved by shareholders, bears zero coupon rate, matures after 3 yearsお知らせ • Mar 13HwaCom Systems Inc., Annual General Meeting, Jun 20, 2025HwaCom Systems Inc., Annual General Meeting, Jun 20, 2025. Location: 18 floor building. b no,102, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city TaiwanNew Risk • Dec 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.10b (US$95.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (54% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$3.10b market cap, or US$95.5m).Reported Earnings • Nov 19Third quarter 2024 earnings released: NT$0.15 loss per share (vs NT$0.86 profit in 3Q 2023)Third quarter 2024 results: NT$0.15 loss per share (down from NT$0.86 profit in 3Q 2023). Revenue: NT$1.37b (down 5.5% from 3Q 2023). Net loss: NT$20.4m (down 117% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Nov 05HwaCom Systems Inc. to Report Q3, 2024 Results on Nov 12, 2024HwaCom Systems Inc. announced that they will report Q3, 2024 results on Nov 12, 2024Declared Dividend • Aug 22Dividend of NT$0.30 announcedShareholders will receive a dividend of NT$0.30. Ex-date: 5th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased by an average of 1.7% per year over the past 2 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Aug 21HwaCom Systems Inc. Announces Dividend for the Year Ended December 31, 2023, Payable on September 30, 2024HwaCom Systems Inc. announced dividend of TWD 42,026,770, TWD 0.30 per share for the year ended December 31, 2023, payable on September 30, 2024. Ex-rights (Ex-dividend) record date: September 11, 2024. Ex-rights (Ex-dividend) date: September 5, 2024.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.56 (vs NT$0.61 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.56 (up from NT$0.61 loss in 2Q 2023). Revenue: NT$1.25b (up 72% from 2Q 2023). Net income: NT$78.8m (up NT$161.9m from 2Q 2023). Profit margin: 6.3% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Aug 07Now 31% overvalued after recent price riseOver the last 90 days, the stock has risen 4.4% to NT$22.45. The fair value is estimated to be NT$17.14, 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 12%.New Risk • Aug 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.05b (US$93.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (0.02% net profit margin). Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Market cap is less than US$100m (NT$3.05b market cap, or US$93.6m).お知らせ • Aug 02HwaCom Systems Inc. to Report Q2, 2024 Results on Aug 09, 2024HwaCom Systems Inc. announced that they will report Q2, 2024 results on Aug 09, 2024New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% 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 Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (0.02% net profit margin). Shareholders have been diluted in the past year (3.6% increase in shares outstanding).Reported Earnings • May 19First quarter 2024 earnings released: NT$0.55 loss per share (vs NT$0.16 loss in 1Q 2023)First quarter 2024 results: NT$0.55 loss per share (further deteriorated from NT$0.16 loss in 1Q 2023). Revenue: NT$903.9m (down 34% from 1Q 2023). Net loss: NT$77.6m (loss widened 275% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • May 03HwaCom Systems Inc. to Report Q1, 2024 Results on May 10, 2024HwaCom Systems Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 10, 2024Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$23.85, the stock trades at a trailing P/E ratio of 58x. Average trailing P/E is 26x in the Telecom industry in Taiwan. Total returns to shareholders of 27% over the past three years.Reported Earnings • Mar 21Full year 2023 earnings released: EPS: NT$0.42 (vs NT$1.06 in FY 2022)Full year 2023 results: EPS: NT$0.42 (down from NT$1.06 in FY 2022). Revenue: NT$5.25b (down 14% from FY 2022). Net income: NT$57.6m (down 58% from FY 2022). Profit margin: 1.1% (down from 2.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 08HwaCom Systems Inc., Annual General Meeting, May 24, 2024HwaCom Systems Inc., Annual General Meeting, May 24, 2024. Location: 18F, Building B, No.102, Sec.1, Xintai 5th Rd. Xizhi Dist., New Taipei City New Tapei City Taiwan Agenda: To consider 2023 business report; to consider audit committee's review of the annual final accounting ledgers and statements in 2023; to consider report employees' and directors' remuneration in 2023; to consider report on share repurchase; to consider 2023 business report and financial report; and to consider other issues.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$23.95, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 25x in the Telecom industry in Taiwan. Total returns to shareholders of 58% over the past three years.Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.86 (vs NT$0.58 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.86 (up from NT$0.58 in 3Q 2022). Revenue: NT$1.45b (down 17% from 3Q 2022). Net income: NT$120.1m (up 60% from 3Q 2022). Profit margin: 8.3% (up from 4.3% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 01Upcoming dividend of NT$0.30 per share at 1.6% yieldEligible shareholders must have bought the stock before 08 September 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.0%).Reported Earnings • Aug 19Second quarter 2023 earnings released: NT$0.61 loss per share (vs NT$0.17 loss in 2Q 2022)Second quarter 2023 results: NT$0.61 loss per share (further deteriorated from NT$0.17 loss in 2Q 2022). Revenue: NT$728.8m (down 21% from 2Q 2022). Net loss: NT$83.1m (loss widened 267% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$24.15, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 23x in the Telecom industry in Taiwan. Total returns to shareholders of 84% over the past three years.Reported Earnings • Mar 31Full year 2022 earnings released: EPS: NT$1.06 (vs NT$1.43 in FY 2021)Full year 2022 results: EPS: NT$1.06 (down from NT$1.43 in FY 2021). Revenue: NT$6.09b (down 1.6% from FY 2021). Net income: NT$138.1m (down 20% from FY 2021). Profit margin: 2.3% (down from 2.8% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: NT$0.58 (vs NT$1.63 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.58 (down from NT$1.63 in 3Q 2021). Revenue: NT$1.73b (down 35% from 3Q 2021). Net income: NT$75.3m (down 61% from 3Q 2021). Profit margin: 4.3% (down from 7.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 05Upcoming dividend of NT$0.31 per shareEligible shareholders must have bought the stock before 12 September 2022. Payment date: 07 October 2022. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (3.8%).Reported Earnings • Aug 16Second quarter 2022 earnings released: NT$0.18 loss per share (vs NT$0.37 loss in 2Q 2021)Second quarter 2022 results: NT$0.18 loss per share (up from NT$0.37 loss in 2Q 2021). Revenue: NT$922.2m (down 11% from 2Q 2021). Net loss: NT$22.7m (loss narrowed 49% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • May 17First quarter 2022 earnings released: NT$0.54 loss per share (vs NT$0.044 loss in 1Q 2021)First quarter 2022 results: NT$0.54 loss per share (down from NT$0.044 loss in 1Q 2021). Revenue: NT$1.06b (up 9.6% from 1Q 2021). Net loss: NT$70.4m (loss widened NT$65.2m from 1Q 2021). 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 7% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$1.43 (vs NT$0.021 in FY 2020)Full year 2021 results: EPS: NT$1.43 (up from NT$0.021 in FY 2020). Revenue: NT$6.19b (up 38% from FY 2020). Net income: NT$171.5m (up NT$169.0m from FY 2020). Profit margin: 2.8% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.63 (vs NT$0.40 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.65b (up 161% from 3Q 2020). Net income: NT$193.5m (up NT$241.1m from 3Q 2020). Profit margin: 7.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Reported Earnings • Aug 15Second quarter 2021 earnings released: NT$0.37 loss per share (vs NT$0.021 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$1.04b (up 15% from 2Q 2020). Net loss: NT$44.4m (loss widened NT$41.8m from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Reported Earnings • May 15First quarter 2021 earnings released: NT$0.04 loss per share (vs NT$0.47 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$966.1m (up 9.1% from 1Q 2020). Net loss: NT$5.24m (loss narrowed 91% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$0.02 (vs NT$0.74 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.48b (down 1.0% from FY 2019). Net income: NT$2.55m (down 97% from FY 2019). Profit margin: 0.1% (down from 1.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.お知らせ • Mar 17HwaCom Systems Inc., Annual General Meeting, Jun 28, 2021HwaCom Systems Inc., Annual General Meeting, Jun 28, 2021.分析記事 • Mar 17HwaCom Systems (GTSM:6163) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Feb 15Should HwaCom Systems (GTSM:6163) Be Disappointed With Their 34% Profit?If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...分析記事 • Jan 18Returns On Capital - An Important Metric For HwaCom Systems (GTSM:6163)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...分析記事 • Dec 21HwaCom Systems Inc.'s (GTSM:6163) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?HwaCom Systems' (GTSM:6163) stock is up by a considerable 15% over the past month. We wonder if and what role the...Is New 90 Day High Low • Dec 18New 90-day high: NT$17.10The company is up 3.0% from its price of NT$16.55 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is flat over the same period.分析記事 • Nov 23HwaCom Systems (GTSM:6163) Use Of Debt Could Be Considered RiskyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.40 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$1.01b (down 10% from 3Q 2019). Net loss: NT$47.6m (down 305% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Nov 11New 90-day low: NT$15.00The company is down 14% from its price of NT$17.40 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 2.0% over the same period.Is New 90 Day High Low • Oct 13New 90-day low: NT$15.30The company is down 14% from its price of NT$17.80 on 15 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 2.0% over the same period.収支内訳HwaCom Systems の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TPEX:6163 収益、費用、利益 ( )TWD Millions日付収益収益G+A経費研究開発費31 Mar 266,683841,0346831 Dec 256,1061051,0296730 Sep 255,8401261,0466630 Jun 255,569751,0486631 Mar 255,8472321,0186631 Dec 245,5041319926630 Sep 245,227229076430 Jun 245,3061638926131 Mar 244,78219555831 Dec 235,253581,0035330 Sep 235,9311721,0894930 Jun 236,2171271,1004831 Mar 236,4101881,0715531 Dec 226,0941381,0485930 Sep 225,255101,0436530 Jun 226,1671281,0976931 Mar 226,2861061,0906731 Dec 216,1931721,1045630 Sep 216,3312541,0384630 Jun 214,700131,0153531 Mar 214,563549972331 Dec 204,48239482230 Sep 204,704109772230 Jun 204,823819202131 Mar 204,632339012131 Dec 194,528838692130 Sep 194,248518342130 Jun 194,207717952031 Mar 194,3831247652131 Dec 184,3431047472030 Sep 183,933667121730 Jun 184,4161767311631 Mar 184,1231307061431 Dec 173,9151176891530 Sep 174,3922196631830 Jun 173,471266031831 Mar 173,584416071931 Dec 163,827196041930 Sep 162,838-2136131930 Jun 162,669-2466412031 Mar 163,101-1666542031 Dec 153,120-1486682230 Sep 153,484-1056762330 Jun 153,727-9668224質の高い収益: 6163は 高品質の収益 を持っています。利益率の向上: 6163の現在の純利益率 (1.3%)は、昨年(4%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 6163の収益は過去 5 年間で年間0.6%減少しました。成長の加速: 6163は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 6163は過去 1 年間で収益成長率がマイナス ( -63.9% ) となったため、 Telecom業界平均 ( 7.4% ) と比較することが困難です。株主資本利益率高いROE: 6163の 自己資本利益率 ( 2.8% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTelecom 、過去の業績が好調な企業。View Financial Health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2026/05/22 07:08終値2026/05/22 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HwaCom Systems Inc. 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。0
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$0.016 (vs NT$0.17 in 1Q 2025)First quarter 2026 results: EPS: NT$0.016 (down from NT$0.17 in 1Q 2025). Revenue: NT$1.82b (up 46% from 1Q 2025). Net income: NT$2.23m (down 91% from 1Q 2025). Profit margin: 0.1% (down from 1.9% 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 11% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$0.75 (vs NT$0.93 in FY 2024)Full year 2025 results: EPS: NT$0.75 (down from NT$0.93 in FY 2024). Revenue: NT$6.11b (up 11% from FY 2024). Net income: NT$105.4m (down 19% from FY 2024). Profit margin: 1.7% (down from 2.4% 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 10% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.14 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.22 (up from NT$0.14 loss in 3Q 2024). Revenue: NT$1.64b (up 20% from 3Q 2024). Net income: NT$31.2m (up NT$51.6m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 19Second quarter 2025 earnings released: NT$0.56 loss per share (vs NT$0.56 profit in 2Q 2024)Second quarter 2025 results: NT$0.56 loss per share (down from NT$0.56 profit in 2Q 2024). Revenue: NT$975.0m (down 22% from 2Q 2024). Net loss: NT$78.6m (down 200% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.55 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.17 (up from NT$0.55 loss in 1Q 2024). Revenue: NT$1.25b (up 38% from 1Q 2024). Net income: NT$23.9m (up NT$101.5m from 1Q 2024). Profit margin: 1.9% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 01HwaCom Systems Inc. to Report Q1, 2025 Results on May 08, 2025HwaCom Systems Inc. announced that they will report Q1, 2025 results on May 08, 2025
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$0.016 (vs NT$0.17 in 1Q 2025)First quarter 2026 results: EPS: NT$0.016 (down from NT$0.17 in 1Q 2025). Revenue: NT$1.82b (up 46% from 1Q 2025). Net income: NT$2.23m (down 91% from 1Q 2025). Profit margin: 0.1% (down from 1.9% 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 11% 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 • Apr 27Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to NT$57.90, the stock trades at a trailing P/E ratio of 78x. Average trailing P/E is 25x in the Telecom industry in Taiwan. Total returns to shareholders of 148% over the past three years.
Buy Or Sell Opportunity • Apr 23Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.0% to NT$64.60. The fair value is estimated to be NT$83.61, 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 declined by 10%.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$0.75 (vs NT$0.93 in FY 2024)Full year 2025 results: EPS: NT$0.75 (down from NT$0.93 in FY 2024). Revenue: NT$6.11b (up 11% from FY 2024). Net income: NT$105.4m (down 19% from FY 2024). Profit margin: 1.7% (down from 2.4% 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 10% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings.
お知らせ • Mar 12HwaCom Systems Inc., Annual General Meeting, Jun 26, 2026HwaCom Systems Inc., Annual General Meeting, Jun 26, 2026. Location: 18 floor building. b no,102, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city Taiwan
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$57.10, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 23x in the Telecom industry in Taiwan. Total returns to shareholders of 280% over the past three years.
Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$65.60, the stock trades at a trailing P/E ratio of 73.7x. Average trailing P/E is 23x in the Telecom industry in Taiwan. Total returns to shareholders of 345% over the past three years.
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$56.90, the stock trades at a trailing P/E ratio of 64x. Average trailing P/E is 24x in the Telecom industry in Taiwan. Total returns to shareholders of 304% over the past three years.
Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$43.45, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 23x in the Telecom industry in Taiwan. Total returns to shareholders of 191% over the past three years.
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$33.25, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 24x in the Telecom industry in Taiwan. Total returns to shareholders of 133% over the past three years.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.14 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.22 (up from NT$0.14 loss in 3Q 2024). Revenue: NT$1.64b (up 20% from 3Q 2024). Net income: NT$31.2m (up NT$51.6m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Nov 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin).
Valuation Update With 7 Day Price Move • Oct 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$25.15, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 26x in the Telecom industry in Taiwan. Total returns to shareholders of 79% over the past three years.
New Risk • Sep 02New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.07b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (NT$3.07b market cap, or US$99.9m).
Declared Dividend • Aug 20Dividend increased to NT$0.45Dividend of NT$0.45 is 50% higher than last year. Ex-date: 2nd September 2025 Payment date: 30th September 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (91% 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 13% per year over the past 3 years and payments have been stable during that time. Earnings per share declined by 4.9% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range.
Reported Earnings • Aug 19Second quarter 2025 earnings released: NT$0.56 loss per share (vs NT$0.56 profit in 2Q 2024)Second quarter 2025 results: NT$0.56 loss per share (down from NT$0.56 profit in 2Q 2024). Revenue: NT$975.0m (down 22% from 2Q 2024). Net loss: NT$78.6m (down 200% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
お知らせ • Jun 21+ 2 more updatesHwacom Systems Inc. Announces Changes to Remuneration CommitteeHwacom Systems Inc. announced the appointment of new members to the Remuneration Committee following the expiration of the previous term. The previous position holders were Jason Lee, Li Ming-juinn, and Chorng-Shyong Ong. Their resumes are as follows: Jason Lee is the Director of 3D GLOBAL BIOTECH INC., Li Ming-juinn is the Dean for Research & Development of Taiwan Brain Trust, and Chorng-Shyong Ong is an Adjunct Professor of Information Management at NTU. The new position holders are Jason Lee, Chorng-Shyong Ong, and Cllin Lin, who is a Professor in the Department of Technology for Smart Living at Huafan University. The change is due to term expiration and new appointments, with the original term being from June 27, 2025, to June 26, 2025. The effective date of the new members is June 20, 2025.
New Risk • May 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.98b market cap, or US$99.4m).
Reported Earnings • May 17First quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.55 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.17 (up from NT$0.55 loss in 1Q 2024). Revenue: NT$1.25b (up 38% from 1Q 2024). Net income: NT$23.9m (up NT$101.5m from 1Q 2024). Profit margin: 1.9% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 01HwaCom Systems Inc. to Report Q1, 2025 Results on May 08, 2025HwaCom Systems Inc. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$21.55, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 26x in the Telecom industry in Taiwan. Total returns to shareholders of 34% over the past three years.
New Risk • Apr 10New 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 8.0% 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: Major Risk High level of non-cash earnings (54% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (NT$2.50b market cap, or US$76.1m).
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$17.85, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 24x in the Telecom industry in Taiwan. Total returns to shareholders of 5.4% over the past three years.
Reported Earnings • Apr 02Full year 2024 earnings released: EPS: NT$0.93 (vs NT$0.42 in FY 2023)Full year 2024 results: EPS: NT$0.93 (up from NT$0.42 in FY 2023). Revenue: NT$5.50b (up 4.8% from FY 2023). Net income: NT$130.6m (up 127% from FY 2023). Profit margin: 2.4% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Mar 26HwaCom Systems Inc. announced that it expects to receive TWD 300 million in fundingHwaCom Systems Inc announced a private placement to issue Zero Coupon Series 5 Domestic Unsecured Convertible Corporate Bond for gross proceeds of TWD 300,000,000 on March 25, 2025. The transaction has been approved by shareholders, bears zero coupon rate, matures after 3 years
お知らせ • Mar 13HwaCom Systems Inc., Annual General Meeting, Jun 20, 2025HwaCom Systems Inc., Annual General Meeting, Jun 20, 2025. Location: 18 floor building. b no,102, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city Taiwan
New Risk • Dec 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.10b (US$95.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (54% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$3.10b market cap, or US$95.5m).
Reported Earnings • Nov 19Third quarter 2024 earnings released: NT$0.15 loss per share (vs NT$0.86 profit in 3Q 2023)Third quarter 2024 results: NT$0.15 loss per share (down from NT$0.86 profit in 3Q 2023). Revenue: NT$1.37b (down 5.5% from 3Q 2023). Net loss: NT$20.4m (down 117% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Nov 05HwaCom Systems Inc. to Report Q3, 2024 Results on Nov 12, 2024HwaCom Systems Inc. announced that they will report Q3, 2024 results on Nov 12, 2024
Declared Dividend • Aug 22Dividend of NT$0.30 announcedShareholders will receive a dividend of NT$0.30. Ex-date: 5th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased by an average of 1.7% per year over the past 2 years, but has still been somewhat stable with no excessively large reductions to payments. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 21HwaCom Systems Inc. Announces Dividend for the Year Ended December 31, 2023, Payable on September 30, 2024HwaCom Systems Inc. announced dividend of TWD 42,026,770, TWD 0.30 per share for the year ended December 31, 2023, payable on September 30, 2024. Ex-rights (Ex-dividend) record date: September 11, 2024. Ex-rights (Ex-dividend) date: September 5, 2024.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.56 (vs NT$0.61 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.56 (up from NT$0.61 loss in 2Q 2023). Revenue: NT$1.25b (up 72% from 2Q 2023). Net income: NT$78.8m (up NT$161.9m from 2Q 2023). Profit margin: 6.3% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Aug 07Now 31% overvalued after recent price riseOver the last 90 days, the stock has risen 4.4% to NT$22.45. The fair value is estimated to be NT$17.14, 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 12%.
New Risk • Aug 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.05b (US$93.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (0.02% net profit margin). Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Market cap is less than US$100m (NT$3.05b market cap, or US$93.6m).
お知らせ • Aug 02HwaCom Systems Inc. to Report Q2, 2024 Results on Aug 09, 2024HwaCom Systems Inc. announced that they will report Q2, 2024 results on Aug 09, 2024
New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% 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 Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (0.02% net profit margin). Shareholders have been diluted in the past year (3.6% increase in shares outstanding).
Reported Earnings • May 19First quarter 2024 earnings released: NT$0.55 loss per share (vs NT$0.16 loss in 1Q 2023)First quarter 2024 results: NT$0.55 loss per share (further deteriorated from NT$0.16 loss in 1Q 2023). Revenue: NT$903.9m (down 34% from 1Q 2023). Net loss: NT$77.6m (loss widened 275% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • May 03HwaCom Systems Inc. to Report Q1, 2024 Results on May 10, 2024HwaCom Systems Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 10, 2024
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$23.85, the stock trades at a trailing P/E ratio of 58x. Average trailing P/E is 26x in the Telecom industry in Taiwan. Total returns to shareholders of 27% over the past three years.
Reported Earnings • Mar 21Full year 2023 earnings released: EPS: NT$0.42 (vs NT$1.06 in FY 2022)Full year 2023 results: EPS: NT$0.42 (down from NT$1.06 in FY 2022). Revenue: NT$5.25b (down 14% from FY 2022). Net income: NT$57.6m (down 58% from FY 2022). Profit margin: 1.1% (down from 2.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 08HwaCom Systems Inc., Annual General Meeting, May 24, 2024HwaCom Systems Inc., Annual General Meeting, May 24, 2024. Location: 18F, Building B, No.102, Sec.1, Xintai 5th Rd. Xizhi Dist., New Taipei City New Tapei City Taiwan Agenda: To consider 2023 business report; to consider audit committee's review of the annual final accounting ledgers and statements in 2023; to consider report employees' and directors' remuneration in 2023; to consider report on share repurchase; to consider 2023 business report and financial report; and to consider other issues.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$23.95, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 25x in the Telecom industry in Taiwan. Total returns to shareholders of 58% over the past three years.
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.86 (vs NT$0.58 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.86 (up from NT$0.58 in 3Q 2022). Revenue: NT$1.45b (down 17% from 3Q 2022). Net income: NT$120.1m (up 60% from 3Q 2022). Profit margin: 8.3% (up from 4.3% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 01Upcoming dividend of NT$0.30 per share at 1.6% yieldEligible shareholders must have bought the stock before 08 September 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.0%).
Reported Earnings • Aug 19Second quarter 2023 earnings released: NT$0.61 loss per share (vs NT$0.17 loss in 2Q 2022)Second quarter 2023 results: NT$0.61 loss per share (further deteriorated from NT$0.17 loss in 2Q 2022). Revenue: NT$728.8m (down 21% from 2Q 2022). Net loss: NT$83.1m (loss widened 267% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$24.15, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 23x in the Telecom industry in Taiwan. Total returns to shareholders of 84% over the past three years.
Reported Earnings • Mar 31Full year 2022 earnings released: EPS: NT$1.06 (vs NT$1.43 in FY 2021)Full year 2022 results: EPS: NT$1.06 (down from NT$1.43 in FY 2021). Revenue: NT$6.09b (down 1.6% from FY 2021). Net income: NT$138.1m (down 20% from FY 2021). Profit margin: 2.3% (down from 2.8% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: NT$0.58 (vs NT$1.63 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.58 (down from NT$1.63 in 3Q 2021). Revenue: NT$1.73b (down 35% from 3Q 2021). Net income: NT$75.3m (down 61% from 3Q 2021). Profit margin: 4.3% (down from 7.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 05Upcoming dividend of NT$0.31 per shareEligible shareholders must have bought the stock before 12 September 2022. Payment date: 07 October 2022. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (3.8%).
Reported Earnings • Aug 16Second quarter 2022 earnings released: NT$0.18 loss per share (vs NT$0.37 loss in 2Q 2021)Second quarter 2022 results: NT$0.18 loss per share (up from NT$0.37 loss in 2Q 2021). Revenue: NT$922.2m (down 11% from 2Q 2021). Net loss: NT$22.7m (loss narrowed 49% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • May 17First quarter 2022 earnings released: NT$0.54 loss per share (vs NT$0.044 loss in 1Q 2021)First quarter 2022 results: NT$0.54 loss per share (down from NT$0.044 loss in 1Q 2021). Revenue: NT$1.06b (up 9.6% from 1Q 2021). Net loss: NT$70.4m (loss widened NT$65.2m from 1Q 2021). 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 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$1.43 (vs NT$0.021 in FY 2020)Full year 2021 results: EPS: NT$1.43 (up from NT$0.021 in FY 2020). Revenue: NT$6.19b (up 38% from FY 2020). Net income: NT$171.5m (up NT$169.0m from FY 2020). Profit margin: 2.8% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$1.63 (vs NT$0.40 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.65b (up 161% from 3Q 2020). Net income: NT$193.5m (up NT$241.1m from 3Q 2020). Profit margin: 7.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 15Second quarter 2021 earnings released: NT$0.37 loss per share (vs NT$0.021 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$1.04b (up 15% from 2Q 2020). Net loss: NT$44.4m (loss widened NT$41.8m from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 15First quarter 2021 earnings released: NT$0.04 loss per share (vs NT$0.47 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$966.1m (up 9.1% from 1Q 2020). Net loss: NT$5.24m (loss narrowed 91% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$0.02 (vs NT$0.74 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.48b (down 1.0% from FY 2019). Net income: NT$2.55m (down 97% from FY 2019). Profit margin: 0.1% (down from 1.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
お知らせ • Mar 17HwaCom Systems Inc., Annual General Meeting, Jun 28, 2021HwaCom Systems Inc., Annual General Meeting, Jun 28, 2021.
分析記事 • Mar 17HwaCom Systems (GTSM:6163) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Feb 15Should HwaCom Systems (GTSM:6163) Be Disappointed With Their 34% Profit?If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...
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分析記事 • Dec 21HwaCom Systems Inc.'s (GTSM:6163) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?HwaCom Systems' (GTSM:6163) stock is up by a considerable 15% over the past month. We wonder if and what role the...
Is New 90 Day High Low • Dec 18New 90-day high: NT$17.10The company is up 3.0% from its price of NT$16.55 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is flat over the same period.
分析記事 • Nov 23HwaCom Systems (GTSM:6163) Use Of Debt Could Be Considered RiskyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.40 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$1.01b (down 10% from 3Q 2019). Net loss: NT$47.6m (down 305% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Nov 11New 90-day low: NT$15.00The company is down 14% from its price of NT$17.40 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Oct 13New 90-day low: NT$15.30The company is down 14% from its price of NT$17.80 on 15 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 2.0% over the same period.