View Financial HealthWelldone 配当と自社株買い配当金 基準チェック /56Welldone配当を支払う会社であり、現在の利回りは7.91%で、収益によって十分にカバーされています。主要情報7.9%配当利回り-0.0006%バイバック利回り総株主利回り7.9%将来の配当利回りn/a配当成長20.0%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向89%最近の配当と自社株買いの更新Declared Dividend • Jun 25Dividend increased to NT$3.11Dividend of NT$3.11 is 14% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (90.4% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.Upcoming Dividend • Jul 08Upcoming dividend of NT$2.73 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 09 August 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.9%).Upcoming Dividend • Jul 11Upcoming dividend of NT$2.10 per share at 4.8% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 10 August 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.1%).Upcoming Dividend • Jul 07Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).Upcoming Dividend • Jun 25Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 02 July 2021. Payment date: 29 July 2021. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.7%).すべての更新を表示Recent updatesReported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.99 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.99 in 1Q 2025). Revenue: NT$823.2m (flat on 1Q 2025). Net income: NT$105.7m (up 10.0% from 1Q 2025). Profit margin: 13% (up from 12% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$4.49 (vs NT$3.39 in FY 2024)Full year 2025 results: EPS: NT$4.49 (up from NT$3.39 in FY 2024). Revenue: NT$3.19b (up 9.7% from FY 2024). Net income: NT$437.2m (up 32% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 16Welldone Company, Annual General Meeting, Jun 11, 2026Welldone Company, Annual General Meeting, Jun 11, 2026, at 09:00 Taipei Standard Time. Location: no,181, an mei st., neihu district, taipei city Taiwanお知らせ • Jan 09The Securities and Futures Investors Protection Center Files Commercial Lawsuit Against Welldone CompanyThe Securities and Futures Investors Protection Center has filed a commercial lawsuit against Welldone Company and the legal representative. Parties to the legal matter: Welldone Company and the company's legal representative Alexander Chen; Name of the court or punishing agency of the legal matter: Intellectual Property and Commercial Court; Reference/Case number of relevant documents of the legal matter: Zhiyuan Juntian 114th Annual Commercial Investigation No. 37; Date of occurrence of the event: January 08, 2026; Details of occurrence (including the matter under dispute): company's legal representative, Alexander Chen, formerly served as the head of an invested company and was indicted for allegedly violatingthe Commercial Accounting Act; the case has entered the judicial process. The Securities and Futures Investors Protection Cente believes that Alexander Chen has violated the Securities and Exchange Act and has filed a lawsuit to remove him from the board of directors. Handling procedure: A lawyer has been appointed to handle the matter in accordance with the law. Impact on the Company’s finance and business and projected amount: It has not had any impact on the company's finances or operations.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.60 (vs NT$0.51 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.60 (up from NT$0.51 in 3Q 2024). Revenue: NT$813.5m (up 10% from 3Q 2024). Net income: NT$155.3m (up 215% from 3Q 2024). Profit margin: 19% (up from 6.7% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year.Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: NT$0.80 (vs NT$0.48 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.80 (up from NT$0.48 in 2Q 2024). Revenue: NT$785.5m (up 13% from 2Q 2024). Net income: NT$77.7m (up 65% from 2Q 2024). Profit margin: 9.9% (up from 6.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Jun 25Dividend increased to NT$3.11Dividend of NT$3.11 is 14% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (90.4% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$0.99 (vs NT$0.94 in 1Q 2024)First quarter 2025 results: EPS: NT$0.99 (up from NT$0.94 in 1Q 2024). Revenue: NT$817.9m (up 17% from 1Q 2024). Net income: NT$96.0m (up 5.0% from 1Q 2024). Profit margin: 12% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 01Welldone Company to Report Q1, 2025 Results on May 09, 2025Welldone Company announced that they will report Q1, 2025 results on May 09, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$44.15, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 25x in the Telecom industry in Taiwan. Total returns to shareholders of 66% over the past three years.Reported Earnings • Apr 01Full year 2024 earnings released: EPS: NT$3.39 (vs NT$2.74 in FY 2023)Full year 2024 results: EPS: NT$3.39 (up from NT$2.74 in FY 2023). Revenue: NT$2.91b (up 28% from FY 2023). Net income: NT$330.1m (up 33% from FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 19Welldone Company, Annual General Meeting, Jun 11, 2025Welldone Company, Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: no,181, an mei st., neihu district, taipei city TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.51 (vs NT$1.35 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.51 (down from NT$1.35 in 3Q 2023). Revenue: NT$736.9m (up 25% from 3Q 2023). Net income: NT$49.3m (down 60% from 3Q 2023). Profit margin: 6.7% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 02Welldone Company to Report Q3, 2024 Results on Nov 08, 2024Welldone Company announced that they will report Q3, 2024 results on Nov 08, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.49 (vs NT$0.73 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.49 (down from NT$0.73 in 2Q 2023). Revenue: NT$693.9m (up 36% from 2Q 2023). Net income: NT$47.2m (down 26% from 2Q 2023). Profit margin: 6.8% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 02Welldone Company to Report Q2, 2024 Results on Aug 09, 2024Welldone Company announced that they will report Q2, 2024 results on Aug 09, 2024Upcoming Dividend • Jul 08Upcoming dividend of NT$2.73 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 09 August 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.9%).New Risk • Jun 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding).Buy Or Sell Opportunity • Jun 03Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.3% to NT$57.70. The fair value is estimated to be NT$47.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 21%.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.94 (vs NT$0.57 in 1Q 2023)First quarter 2024 results: EPS: NT$0.94 (up from NT$0.57 in 1Q 2023). Revenue: NT$700.4m (up 29% from 1Q 2023). Net income: NT$91.5m (up 84% from 1Q 2023). Profit margin: 13% (up from 9.1% in 1Q 2023). 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 but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 05Welldone Company to Report Q1, 2024 Results on May 10, 2024Welldone Company announced that they will report Q1, 2024 results on May 10, 2024New Risk • Apr 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (131% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding).お知らせ • Apr 10Welldone Company has filed a Follow-on Equity Offering in the amount of TWD 72 million.Welldone Company has filed a Follow-on Equity Offering in the amount of TWD 72 million. Security Name: Shares Security Type: Common Stock Securities Offered: 300,000 Price\Range: TWD 24 Security Name: Shares Security Type: Common Stock Securities Offered: 2,700,000 Price\Range: TWD 24 Transaction Features: Reserved Share OfferingReported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$2.74 (vs NT$2.73 in FY 2022)Full year 2023 results: EPS: NT$2.74 (up from NT$2.73 in FY 2022). Revenue: NT$2.26b (down 8.4% from FY 2022). Net income: NT$249.1m (up 4.7% from FY 2022). Profit margin: 11% (up from 9.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 16Welldone Company, Annual General Meeting, Jun 12, 2024Welldone Company, Annual General Meeting, Jun 12, 2024. Location: No 181, Anmei St., Neihu District Taipei City Taiwan Agenda: To consider 2023 business report; to consider audit Committee's review of the 2023 annual final accounting books and statements; to consider 2023 employees' and directors' remuneration; to consider 2023 Earnings Distribution and cash dividend; to consider private placement securities management status report; to consider amendments to the corporate charter; and to transact other business.Buy Or Sell Opportunity • Feb 19Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 8.6% to NT$58.30. The fair value is estimated to be NT$47.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 24%.Buy Or Sell Opportunity • Jan 22Now 22% overvaluedOver the last 90 days, the stock has fallen 3.9% to NT$54.00. The fair value is estimated to be NT$44.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 24%.New Risk • Dec 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).New Risk • Nov 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change).Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$57.50, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 24x in the Telecom industry in Taiwan. Total returns to shareholders of 247% over the past three years.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.73 (vs NT$1.17 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.73 (down from NT$1.17 in 2Q 2022). Revenue: NT$510.5m (down 32% from 2Q 2022). Net income: NT$64.1m (down 37% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 04Welldone Company announced that it expects to receive TWD 400.5 million in funding from Acer IncorporatedWelldone Company announced that it will issue 10,000,000 shares at an issue price of TWD 40.05 per share for proceeds of TWD 400,500,000 on August 3, 2023. The transaction will include participation from new investor Acer Incorporated. The transaction was approved by the board of directors of the investor.Upcoming Dividend • Jul 11Upcoming dividend of NT$2.10 per share at 4.8% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 10 August 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.1%).Reported Earnings • Mar 29Full year 2022 earnings released: EPS: NT$2.73 (vs NT$1.86 in FY 2021)Full year 2022 results: EPS: NT$2.73 (up from NT$1.86 in FY 2021). Revenue: NT$2.47b (down 17% from FY 2021). Net income: NT$237.9m (up 47% from FY 2021). Profit margin: 9.6% (up from 5.4% 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 34% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.65 (vs NT$0.40 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.65 (up from NT$0.40 in 3Q 2021). Revenue: NT$457.6m (down 40% from 3Q 2021). Net income: NT$56.8m (up 61% from 3Q 2021). Profit margin: 12% (up from 4.6% 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 38% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$1.17 (vs NT$0.20 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.17 (up from NT$0.20 in 2Q 2021). Revenue: NT$754.1m (up 2.1% from 2Q 2021). Net income: NT$102.1m (up 477% from 2Q 2021). Profit margin: 14% (up from 2.4% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 07Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$29.20, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 18x in the Telecom industry in Taiwan. Total returns to shareholders of 128% over the past three years.Buying Opportunity • Jun 16Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 1.1%. The fair value is estimated to be NT$41.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has grown by 43%.Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.54 (vs NT$0.44 in 1Q 2021)First quarter 2022 results: EPS: NT$0.54 (up from NT$0.44 in 1Q 2021). Revenue: NT$768.6m (up 6.8% from 1Q 2021). Net income: NT$46.9m (up 22% from 1Q 2021). Profit margin: 6.1% (up from 5.3% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Buying Opportunity • Apr 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 26%. The fair value is estimated to be NT$36.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has grown by 54%.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$30.60, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 26x in the Telecom industry in Taiwan. Total returns to shareholders of 162% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.59 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$759.4m (down 29% from 3Q 2020). Net income: NT$35.2m (down 32% from 3Q 2020). Profit margin: 4.6% (down from 4.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 66% per year whereas the company’s share price has increased by 69% per year.Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$51.70, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 30x in the Telecom industry in Taiwan. Total returns to shareholders of 485% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.34 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$738.7m (down 20% from 2Q 2020). Net income: NT$17.7m (down 41% from 2Q 2020). Profit margin: 2.4% (down from 3.3% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$47.15, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 34x in the Telecom industry in Taiwan. Total returns to shareholders of 334% over the past three years.Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$30.05, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 34x in the Telecom industry in Taiwan. Total returns to shareholders of 167% over the past three years.Upcoming Dividend • Jun 25Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 02 July 2021. Payment date: 29 July 2021. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.7%).Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.44 (vs NT$0.30 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$719.5m (down 7.4% from 1Q 2020). Net income: NT$38.3m (up 48% from 1Q 2020). Profit margin: 5.3% (up from 3.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$22.15, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 32x in the Telecom industry in Taiwan. Total returns to shareholders of 107% over the past three years.分析記事 • Apr 08Should Welldone Company (GTSM:6170) Be Part Of Your Dividend Portfolio?Could Welldone Company ( GTSM:6170 ) be an attractive dividend share to own for the long haul? Investors are often...Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$1.63 (vs NT$0.95 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$3.56b (down 7.4% from FY 2019). Net income: NT$142.0m (up 66% from FY 2019). Profit margin: 4.0% (up from 2.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 22Is Welldone (GTSM:6170) A Risky Investment?David 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 • Mar 02Welldone (GTSM:6170) Shareholders Have Enjoyed A 75% Share Price GainWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...分析記事 • Feb 15Does Welldone (GTSM:6170) Have The Makings Of A Multi-Bagger?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Is New 90 Day High Low • Feb 04New 90-day low: NT$16.70The company is down 11% from its price of NT$18.70 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 1.0% over the same period.分析記事 • Feb 02Declining Stock and Solid Fundamentals: Is The Market Wrong About Welldone Company (GTSM:6170)?With its stock down 14% over the past month, it is easy to disregard Welldone (GTSM:6170). But if you pay close...分析記事 • Jan 18Calculating The Intrinsic Value Of Welldone Company (GTSM:6170)Does the January share price for Welldone Company ( GTSM:6170 ) reflect what it's really worth? Today, we will estimate...Is New 90 Day High Low • Jan 18New 90-day low: NT$17.30The company is down 4.0% from its price of NT$18.05 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 3.0% over the same period.分析記事 • Jan 05With EPS Growth And More, Welldone (GTSM:6170) Is InterestingSome have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...分析記事 • Dec 21Should Welldone Company (GTSM:6170) Be Part Of Your Dividend Portfolio?Could Welldone Company ( GTSM:6170 ) be an attractive dividend share to own for the long haul? Investors are often...分析記事 • Dec 08We're Not So Sure You Should Rely on Welldone's (GTSM:6170) Statutory EarningsMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...Is New 90 Day High Low • Nov 26New 90-day high: NT$20.10The company is up 5.0% from its price of NT$19.15 on 28 August 2020. The Taiwanese market is up 7.0% 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 24Should Welldone (GTSM:6170) Be Disappointed With Their 92% Profit?When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.59The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.07b (up 2.6% from 3Q 2019). Net income: NT$51.5m (up 74% from 3Q 2019). Profit margin: 4.8% (up from 2.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.決済の安定と成長配当データの取得安定した配当: 6170の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 6170の配当金は過去10年間にわたって増加しています。配当利回り対市場Welldone 配当利回り対市場6170 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (6170)7.9%市場下位25% (TW)1.5%市場トップ25% (TW)5.1%業界平均 (Telecom)3.8%アナリスト予想 (6170) (最長3年)n/a注目すべき配当: 6170の配当金 ( 7.91% ) はTW市場の配当金支払者の下位 25% ( 1.48% ) よりも高くなっています。高配当: 6170の配当金 ( 7.91% ) はTW市場 ( 5.06% ) の配当支払者の中で上位 25% に入っています。株主への利益配当収益カバレッジ: 現在の配当性向（ 89% ）では、 6170の支払いは利益によってカバーされています。株主配当金キャッシュフローカバレッジ: 6170は合理的な 現金配当性向 ( 69.8% ) を備えているため、配当金の支払いはキャッシュフローによって賄われます。高配当企業の発掘7D1Y7D1Y7D1YTW 市場の強力な配当支払い企業。View Management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 02:55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Welldone Company 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
Declared Dividend • Jun 25Dividend increased to NT$3.11Dividend of NT$3.11 is 14% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (90.4% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
Upcoming Dividend • Jul 08Upcoming dividend of NT$2.73 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 09 August 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.9%).
Upcoming Dividend • Jul 11Upcoming dividend of NT$2.10 per share at 4.8% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 10 August 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.1%).
Upcoming Dividend • Jul 07Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).
Upcoming Dividend • Jun 25Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 02 July 2021. Payment date: 29 July 2021. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.7%).
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.99 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.99 in 1Q 2025). Revenue: NT$823.2m (flat on 1Q 2025). Net income: NT$105.7m (up 10.0% from 1Q 2025). Profit margin: 13% (up from 12% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$4.49 (vs NT$3.39 in FY 2024)Full year 2025 results: EPS: NT$4.49 (up from NT$3.39 in FY 2024). Revenue: NT$3.19b (up 9.7% from FY 2024). Net income: NT$437.2m (up 32% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 16Welldone Company, Annual General Meeting, Jun 11, 2026Welldone Company, Annual General Meeting, Jun 11, 2026, at 09:00 Taipei Standard Time. Location: no,181, an mei st., neihu district, taipei city Taiwan
お知らせ • Jan 09The Securities and Futures Investors Protection Center Files Commercial Lawsuit Against Welldone CompanyThe Securities and Futures Investors Protection Center has filed a commercial lawsuit against Welldone Company and the legal representative. Parties to the legal matter: Welldone Company and the company's legal representative Alexander Chen; Name of the court or punishing agency of the legal matter: Intellectual Property and Commercial Court; Reference/Case number of relevant documents of the legal matter: Zhiyuan Juntian 114th Annual Commercial Investigation No. 37; Date of occurrence of the event: January 08, 2026; Details of occurrence (including the matter under dispute): company's legal representative, Alexander Chen, formerly served as the head of an invested company and was indicted for allegedly violatingthe Commercial Accounting Act; the case has entered the judicial process. The Securities and Futures Investors Protection Cente believes that Alexander Chen has violated the Securities and Exchange Act and has filed a lawsuit to remove him from the board of directors. Handling procedure: A lawyer has been appointed to handle the matter in accordance with the law. Impact on the Company’s finance and business and projected amount: It has not had any impact on the company's finances or operations.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.60 (vs NT$0.51 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.60 (up from NT$0.51 in 3Q 2024). Revenue: NT$813.5m (up 10% from 3Q 2024). Net income: NT$155.3m (up 215% from 3Q 2024). Profit margin: 19% (up from 6.7% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year.
Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: NT$0.80 (vs NT$0.48 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.80 (up from NT$0.48 in 2Q 2024). Revenue: NT$785.5m (up 13% from 2Q 2024). Net income: NT$77.7m (up 65% from 2Q 2024). Profit margin: 9.9% (up from 6.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Jun 25Dividend increased to NT$3.11Dividend of NT$3.11 is 14% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (90.4% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$0.99 (vs NT$0.94 in 1Q 2024)First quarter 2025 results: EPS: NT$0.99 (up from NT$0.94 in 1Q 2024). Revenue: NT$817.9m (up 17% from 1Q 2024). Net income: NT$96.0m (up 5.0% from 1Q 2024). Profit margin: 12% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 01Welldone Company to Report Q1, 2025 Results on May 09, 2025Welldone Company announced that they will report Q1, 2025 results on May 09, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$44.15, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 25x in the Telecom industry in Taiwan. Total returns to shareholders of 66% over the past three years.
Reported Earnings • Apr 01Full year 2024 earnings released: EPS: NT$3.39 (vs NT$2.74 in FY 2023)Full year 2024 results: EPS: NT$3.39 (up from NT$2.74 in FY 2023). Revenue: NT$2.91b (up 28% from FY 2023). Net income: NT$330.1m (up 33% from FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 19Welldone Company, Annual General Meeting, Jun 11, 2025Welldone Company, Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: no,181, an mei st., neihu district, taipei city Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.51 (vs NT$1.35 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.51 (down from NT$1.35 in 3Q 2023). Revenue: NT$736.9m (up 25% from 3Q 2023). Net income: NT$49.3m (down 60% from 3Q 2023). Profit margin: 6.7% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 02Welldone Company to Report Q3, 2024 Results on Nov 08, 2024Welldone Company announced that they will report Q3, 2024 results on Nov 08, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.49 (vs NT$0.73 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.49 (down from NT$0.73 in 2Q 2023). Revenue: NT$693.9m (up 36% from 2Q 2023). Net income: NT$47.2m (down 26% from 2Q 2023). Profit margin: 6.8% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 02Welldone Company to Report Q2, 2024 Results on Aug 09, 2024Welldone Company announced that they will report Q2, 2024 results on Aug 09, 2024
Upcoming Dividend • Jul 08Upcoming dividend of NT$2.73 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 09 August 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.9%).
New Risk • Jun 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding).
Buy Or Sell Opportunity • Jun 03Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.3% to NT$57.70. The fair value is estimated to be NT$47.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 21%.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.94 (vs NT$0.57 in 1Q 2023)First quarter 2024 results: EPS: NT$0.94 (up from NT$0.57 in 1Q 2023). Revenue: NT$700.4m (up 29% from 1Q 2023). Net income: NT$91.5m (up 84% from 1Q 2023). Profit margin: 13% (up from 9.1% in 1Q 2023). 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 but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 05Welldone Company to Report Q1, 2024 Results on May 10, 2024Welldone Company announced that they will report Q1, 2024 results on May 10, 2024
New Risk • Apr 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (131% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding).
お知らせ • Apr 10Welldone Company has filed a Follow-on Equity Offering in the amount of TWD 72 million.Welldone Company has filed a Follow-on Equity Offering in the amount of TWD 72 million. Security Name: Shares Security Type: Common Stock Securities Offered: 300,000 Price\Range: TWD 24 Security Name: Shares Security Type: Common Stock Securities Offered: 2,700,000 Price\Range: TWD 24 Transaction Features: Reserved Share Offering
Reported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$2.74 (vs NT$2.73 in FY 2022)Full year 2023 results: EPS: NT$2.74 (up from NT$2.73 in FY 2022). Revenue: NT$2.26b (down 8.4% from FY 2022). Net income: NT$249.1m (up 4.7% from FY 2022). Profit margin: 11% (up from 9.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 16Welldone Company, Annual General Meeting, Jun 12, 2024Welldone Company, Annual General Meeting, Jun 12, 2024. Location: No 181, Anmei St., Neihu District Taipei City Taiwan Agenda: To consider 2023 business report; to consider audit Committee's review of the 2023 annual final accounting books and statements; to consider 2023 employees' and directors' remuneration; to consider 2023 Earnings Distribution and cash dividend; to consider private placement securities management status report; to consider amendments to the corporate charter; and to transact other business.
Buy Or Sell Opportunity • Feb 19Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 8.6% to NT$58.30. The fair value is estimated to be NT$47.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 24%.
Buy Or Sell Opportunity • Jan 22Now 22% overvaluedOver the last 90 days, the stock has fallen 3.9% to NT$54.00. The fair value is estimated to be NT$44.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 24%.
New Risk • Dec 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).
New Risk • Nov 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change).
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$57.50, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 24x in the Telecom industry in Taiwan. Total returns to shareholders of 247% over the past three years.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.73 (vs NT$1.17 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.73 (down from NT$1.17 in 2Q 2022). Revenue: NT$510.5m (down 32% from 2Q 2022). Net income: NT$64.1m (down 37% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 04Welldone Company announced that it expects to receive TWD 400.5 million in funding from Acer IncorporatedWelldone Company announced that it will issue 10,000,000 shares at an issue price of TWD 40.05 per share for proceeds of TWD 400,500,000 on August 3, 2023. The transaction will include participation from new investor Acer Incorporated. The transaction was approved by the board of directors of the investor.
Upcoming Dividend • Jul 11Upcoming dividend of NT$2.10 per share at 4.8% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 10 August 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.1%).
Reported Earnings • Mar 29Full year 2022 earnings released: EPS: NT$2.73 (vs NT$1.86 in FY 2021)Full year 2022 results: EPS: NT$2.73 (up from NT$1.86 in FY 2021). Revenue: NT$2.47b (down 17% from FY 2021). Net income: NT$237.9m (up 47% from FY 2021). Profit margin: 9.6% (up from 5.4% 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 34% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.65 (vs NT$0.40 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.65 (up from NT$0.40 in 3Q 2021). Revenue: NT$457.6m (down 40% from 3Q 2021). Net income: NT$56.8m (up 61% from 3Q 2021). Profit margin: 12% (up from 4.6% 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 38% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$1.17 (vs NT$0.20 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.17 (up from NT$0.20 in 2Q 2021). Revenue: NT$754.1m (up 2.1% from 2Q 2021). Net income: NT$102.1m (up 477% from 2Q 2021). Profit margin: 14% (up from 2.4% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 07Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$29.20, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 18x in the Telecom industry in Taiwan. Total returns to shareholders of 128% over the past three years.
Buying Opportunity • Jun 16Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 1.1%. The fair value is estimated to be NT$41.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has grown by 43%.
Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.54 (vs NT$0.44 in 1Q 2021)First quarter 2022 results: EPS: NT$0.54 (up from NT$0.44 in 1Q 2021). Revenue: NT$768.6m (up 6.8% from 1Q 2021). Net income: NT$46.9m (up 22% from 1Q 2021). Profit margin: 6.1% (up from 5.3% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Buying Opportunity • Apr 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 26%. The fair value is estimated to be NT$36.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has grown by 54%.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$30.60, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 26x in the Telecom industry in Taiwan. Total returns to shareholders of 162% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.59 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$759.4m (down 29% from 3Q 2020). Net income: NT$35.2m (down 32% from 3Q 2020). Profit margin: 4.6% (down from 4.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 66% per year whereas the company’s share price has increased by 69% per year.
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$51.70, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 30x in the Telecom industry in Taiwan. Total returns to shareholders of 485% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.34 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$738.7m (down 20% from 2Q 2020). Net income: NT$17.7m (down 41% from 2Q 2020). Profit margin: 2.4% (down from 3.3% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$47.15, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 34x in the Telecom industry in Taiwan. Total returns to shareholders of 334% over the past three years.
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$30.05, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 34x in the Telecom industry in Taiwan. Total returns to shareholders of 167% over the past three years.
Upcoming Dividend • Jun 25Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 02 July 2021. Payment date: 29 July 2021. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.7%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.44 (vs NT$0.30 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$719.5m (down 7.4% from 1Q 2020). Net income: NT$38.3m (up 48% from 1Q 2020). Profit margin: 5.3% (up from 3.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$22.15, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 32x in the Telecom industry in Taiwan. Total returns to shareholders of 107% over the past three years.
分析記事 • Apr 08Should Welldone Company (GTSM:6170) Be Part Of Your Dividend Portfolio?Could Welldone Company ( GTSM:6170 ) be an attractive dividend share to own for the long haul? Investors are often...
Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$1.63 (vs NT$0.95 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$3.56b (down 7.4% from FY 2019). Net income: NT$142.0m (up 66% from FY 2019). Profit margin: 4.0% (up from 2.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 22Is Welldone (GTSM:6170) A Risky Investment?David 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 • Mar 02Welldone (GTSM:6170) Shareholders Have Enjoyed A 75% Share Price GainWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...
分析記事 • Feb 15Does Welldone (GTSM:6170) Have The Makings Of A Multi-Bagger?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Is New 90 Day High Low • Feb 04New 90-day low: NT$16.70The company is down 11% from its price of NT$18.70 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 1.0% over the same period.
分析記事 • Feb 02Declining Stock and Solid Fundamentals: Is The Market Wrong About Welldone Company (GTSM:6170)?With its stock down 14% over the past month, it is easy to disregard Welldone (GTSM:6170). But if you pay close...
分析記事 • Jan 18Calculating The Intrinsic Value Of Welldone Company (GTSM:6170)Does the January share price for Welldone Company ( GTSM:6170 ) reflect what it's really worth? Today, we will estimate...
Is New 90 Day High Low • Jan 18New 90-day low: NT$17.30The company is down 4.0% from its price of NT$18.05 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 3.0% over the same period.
分析記事 • Jan 05With EPS Growth And More, Welldone (GTSM:6170) Is InterestingSome have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
分析記事 • Dec 21Should Welldone Company (GTSM:6170) Be Part Of Your Dividend Portfolio?Could Welldone Company ( GTSM:6170 ) be an attractive dividend share to own for the long haul? Investors are often...
分析記事 • Dec 08We're Not So Sure You Should Rely on Welldone's (GTSM:6170) Statutory EarningsMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Is New 90 Day High Low • Nov 26New 90-day high: NT$20.10The company is up 5.0% from its price of NT$19.15 on 28 August 2020. The Taiwanese market is up 7.0% 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 24Should Welldone (GTSM:6170) Be Disappointed With Their 92% Profit?When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.59The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.07b (up 2.6% from 3Q 2019). Net income: NT$51.5m (up 74% from 3Q 2019). Profit margin: 4.8% (up from 2.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.