View ValuationHD Renewable Energy 将来の成長Future 基準チェック /36HD Renewable Energyは、46.6%と8.6%でそれぞれ年率46.6%で利益と収益が成長すると予測される一方、EPSはgrowで46.4%年率。主要情報46.6%収益成長率46.38%EPS成長率Renewable Energy 収益成長11.4%収益成長率8.6%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日22 Jul 2026今後の成長に関する最新情報Major Estimate Revision • Jul 12Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$15.6b to NT$12.5b. EPS estimate fell from NT$14.78 to NT$12.31 per share. Net income forecast to grow 45% next year vs 17% growth forecast for Renewable Energy industry in Taiwan. Consensus price target of NT$287 unchanged from last update. Share price was steady at NT$229 over the past week.Major Estimate Revision • Jun 06Consensus revenue estimates fall by 21%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$15.7b to NT$12.5b. EPS estimate fell from NT$15.39 to NT$14.90 per share. Net income forecast to grow 59% next year vs 17% growth forecast for Renewable Energy industry in Taiwan. Consensus price target of NT$271 unchanged from last update. Share price was steady at NT$233 over the past week.Major Estimate Revision • Mar 31Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$16.3b to NT$15.7b. EPS estimate also fell from NT$15.78 per share to NT$13.28 per share. Net income forecast to grow 36% next year vs 19% growth forecast for Renewable Energy industry in Taiwan. Consensus price target broadly unchanged at NT$271. Share price fell 6.7% to NT$201 over the past week.Price Target Changed • Nov 08Price target decreased by 8.9% to NT$323Down from NT$355, the current price target is an average from 3 analysts. New target price is 55% above last closing price of NT$209. Stock is up 93% over the past year. The company is forecast to post earnings per share of NT$11.71 for next year compared to NT$8.16 last year.Major Estimate Revision • Jul 18Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$11.7b to NT$10.7b. EPS estimate also fell from NT$14.03 per share to NT$12.29 per share. Net income forecast to grow 84% next year vs 27% growth forecast for Renewable Energy industry in Taiwan. Consensus price target up from NT$181 to NT$256. Share price rose 19% to NT$281 over the past week.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$81.80, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 14x in the Renewable Energy industry in Taiwan. Total loss to shareholders of 19% over the past three years.Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$0.25 (vs NT$0.59 in 1Q 2025)First quarter 2026 results: EPS: NT$0.25 (down from NT$0.59 in 1Q 2025). Revenue: NT$1.42b (down 2.9% from 1Q 2025). Net income: NT$35.3m (down 57% from 1Q 2025). Profit margin: 2.5% (down from 5.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$0.25 (vs NT$0.59 in 1Q 2025)First quarter 2026 results: EPS: NT$0.25 (down from NT$0.59 in 1Q 2025). Revenue: NT$1.42b (down 2.9% from 1Q 2025). Net income: NT$35.3m (down 57% from 1Q 2025). Profit margin: 2.5% (down from 5.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.Buy Or Sell Opportunity • Mar 20Now 23% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$99.00. The fair value is estimated to be NT$80.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 71% in a year. Earnings are forecast to grow by 199% in the next year.Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$3.59 (vs NT$9.72 in FY 2024)Full year 2025 results: EPS: NT$3.59 (down from NT$9.72 in FY 2024). Revenue: NT$8.78b (down 13% from FY 2024). Net income: NT$503.9m (down 58% from FY 2024). Profit margin: 5.7% (down from 12% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Mar 11HD Renewable Energy Co., Ltd., Annual General Meeting, Jun 12, 2026HD Renewable Energy Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,127, sec.7 chung shan n. rd., shihlin district, taipei city TaiwanValuation Update With 7 Day Price Move • Jan 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$113, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Renewable Energy industry in Asia. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$202 per share.New Risk • Dec 23New 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin).Reported Earnings • Nov 18Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: NT$0.26 (down from NT$3.59 in 3Q 2024). Revenue: NT$2.05b (down 47% from 3Q 2024). Net income: NT$37.0m (down 92% from 3Q 2024). Profit margin: 1.8% (down from 11% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 91%. Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Renewable Energy industry in Taiwan. 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 12% per year.Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$105, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Renewable Energy industry in Asia. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$178 per share.New Risk • Oct 15New 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (69% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$140, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Renewable Energy industry in Asia. Total returns to shareholders of 128% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$180 per share.Buy Or Sell Opportunity • Aug 29Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to NT$150. The fair value is estimated to be NT$197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 41% in a year. Earnings are forecast to grow by 42% in the next year.New Risk • Aug 18New 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 (71% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (16% increase in shares outstanding).Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$0.71 (down from NT$0.97 in 2Q 2024). Revenue: NT$1.89b (up 49% from 2Q 2024). Net income: NT$100.1m (down 13% from 2Q 2024). Profit margin: 5.3% (down from 9.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 76%. Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Renewable Energy industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Jul 12Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$15.6b to NT$12.5b. EPS estimate fell from NT$14.78 to NT$12.31 per share. Net income forecast to grow 45% next year vs 17% growth forecast for Renewable Energy industry in Taiwan. Consensus price target of NT$287 unchanged from last update. Share price was steady at NT$229 over the past week.Major Estimate Revision • Jun 06Consensus revenue estimates fall by 21%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$15.7b to NT$12.5b. EPS estimate fell from NT$15.39 to NT$14.90 per share. Net income forecast to grow 59% next year vs 17% growth forecast for Renewable Energy industry in Taiwan. Consensus price target of NT$271 unchanged from last update. Share price was steady at NT$233 over the past week.お知らせ • May 23HD Renewable Energy Co., Ltd. announced that it has received fundingHD Renewable Energy Co., Ltd. announced a private placement that it has issued Company's Second Unsecured Convertible Bonds to receive funding on May 21, 2025.New Risk • May 15New 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 (71% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (17% increase in shares outstanding).Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: NT$0.68 (up from NT$0.45 in 1Q 2024). Revenue: NT$1.47b (up 66% from 1Q 2024). Net income: NT$81.5m (up 74% from 1Q 2024). Profit margin: 5.6% (up from 5.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 01HD Renewable Energy Co., Ltd. to Report Q1, 2025 Results on May 08, 2025HD Renewable Energy Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025New Risk • Apr 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (17% increase in shares outstanding).お知らせ • Apr 19HD Renewable Energy Co., Ltd. announced a financing transactionHD Renewable Energy Co., Ltd. announced a private placement to issue not more than 15,000,000 shares on April 18, 2025. The transaction has been approved by shareholders and restricted to a hold period.New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% 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 (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).New Risk • Apr 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Major Estimate Revision • Mar 31Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$16.3b to NT$15.7b. EPS estimate also fell from NT$15.78 per share to NT$13.28 per share. Net income forecast to grow 36% next year vs 19% growth forecast for Renewable Energy industry in Taiwan. Consensus price target broadly unchanged at NT$271. Share price fell 6.7% to NT$201 over the past week.Reported Earnings • Mar 26Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: NT$11.10 (up from NT$8.16 in FY 2023). Revenue: NT$10.1b (up 73% from FY 2023). Net income: NT$1.20b (up 47% from FY 2023). Profit margin: 12% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 34% per year.Upcoming Dividend • Mar 25Upcoming dividend of NT$5.26 per shareEligible shareholders must have bought the stock before 01 April 2025. Payment date: 23 April 2025. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.6%). Lower than average of industry peers (3.0%).Declared Dividend • Mar 07Dividend of NT$5.50 announcedShareholders will receive a dividend of NT$5.50. Ex-date: 1st April 2025 Payment date: 23rd April 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (38% 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 increased by an average of 27% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 70% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 06+ 1 more updateHD Renewable Energy Co., Ltd., Annual General Meeting, Jun 03, 2025HD Renewable Energy Co., Ltd., Annual General Meeting, Jun 03, 2025. Location: no,127, sec.7 chung shan n. rd., shihlin district, taipei city Taiwan分析記事 • Jan 13Some Investors May Be Worried About HD Renewable Energy's (TWSE:6873) Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...分析記事 • Nov 19We Think You Should Be Aware Of Some Concerning Factors In HD Renewable Energy's (TWSE:6873) EarningsThe market shrugged off HD Renewable Energy Co., Ltd.'s ( TWSE:6873 ) solid earnings report. Our analysis showed that...Reported Earnings • Nov 18Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$4.10 (up from NT$0.90 in 3Q 2023). Revenue: NT$3.85b (up 294% from 3Q 2023). Net income: NT$436.5m (up 371% from 3Q 2023). Profit margin: 11% (up from 9.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Renewable Energy industry in Asia.Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$198, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Renewable Energy industry in Asia. Total returns to shareholders of 86% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$176 per share.Buy Or Sell Opportunity • Nov 11Now 22% overvaluedOver the last 90 days, the stock has fallen 9.7% to NT$215. The fair value is estimated to be NT$177, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 237% in 2 years. Earnings are forecast to grow by 221% in the next 2 years.Price Target Changed • Nov 08Price target decreased by 8.9% to NT$323Down from NT$355, the current price target is an average from 3 analysts. New target price is 55% above last closing price of NT$209. Stock is up 93% over the past year. The company is forecast to post earnings per share of NT$11.71 for next year compared to NT$8.16 last year.分析記事 • Sep 23HD Renewable Energy Co., Ltd. (TWSE:6873) Shares Could Be 30% Above Their Intrinsic Value EstimateKey Insights The projected fair value for HD Renewable Energy is NT$220 based on 2 Stage Free Cash Flow to Equity HD...Buy Or Sell Opportunity • Sep 23Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 55% to NT$286. The fair value is estimated to be NT$220, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 237% in 2 years. Earnings are forecast to grow by 221% in the next 2 years.New Risk • Sep 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding).New Risk • Aug 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% 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: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding).Reported Earnings • Aug 13Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$1.10 (down from NT$1.43 in 2Q 2023). Revenue: NT$1.27b (down 12% from 2Q 2023). Net income: NT$114.8m (down 22% from 2Q 2023). Profit margin: 9.0% (down from 10% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%. Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Renewable Energy industry in Asia.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to NT$203, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Renewable Energy industry in Asia. Total returns to shareholders of 78% over the past year.お知らせ • Aug 02HD Renewable Energy Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024HD Renewable Energy Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024お知らせ • Aug 01HD Renewable Energy Co., Ltd. Appoints Chen Mingxin as New Senior Vice President, August 15, 2024HD Renewable Energy Co., Ltd. announced that the company's New Senior Vice President. Name, title, and resume of the new position holder: Chen Mingxin/Senior vice president /Managing Director of Green Investment Group Limited of Macquarie Asset Management. Effective date is August 15, 2024.Major Estimate Revision • Jul 18Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$11.7b to NT$10.7b. EPS estimate also fell from NT$14.03 per share to NT$12.29 per share. Net income forecast to grow 84% next year vs 27% growth forecast for Renewable Energy industry in Taiwan. Consensus price target up from NT$181 to NT$256. Share price rose 19% to NT$281 over the past week.分析記事 • Jul 17HD Renewable Energy Co., Ltd. (TWSE:6873) Looks Just Right With A 52% Price JumpHD Renewable Energy Co., Ltd. ( TWSE:6873 ) shares have had a really impressive month, gaining 52% after a shaky period...Buy Or Sell Opportunity • Jul 01Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to NT$210. The fair value is estimated to be NT$159, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 110% in a year. Earnings are forecast to grow by 103% in the next year.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$208, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Renewable Energy industry in Asia. Total returns to shareholders of 78% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$159 per share.Buy Or Sell Opportunity • Jun 24Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to NT$193. The fair value is estimated to be NT$159, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 110% in a year. Earnings are forecast to grow by 103% in the next year.Reported Earnings • May 19First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$0.46 (down from NT$0.82 in 1Q 2023). Revenue: NT$883.6m (up 48% from 1Q 2023). Net income: NT$46.8m (down 36% from 1Q 2023). Profit margin: 5.3% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Renewable Energy industry in Asia.お知らせ • May 02HD Renewable Energy Co., Ltd. to Report Q1, 2024 Results on May 08, 2024HD Renewable Energy Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024お知らせ • Apr 19HD Renewable Energy Co., Ltd. announced a financing transactionHD Renewable Energy Co., Ltd. announced a private placement of 15,000,000 common shares on April 17, 2024. The transaction has been approved by the shareholders of the company.分析記事 • Apr 17The Market Lifts HD Renewable Energy Co., Ltd. (TWSE:6873) Shares 27% But It Can Do MoreDespite an already strong run, HD Renewable Energy Co., Ltd. ( TWSE:6873 ) shares have been powering on, with a gain of...Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$186, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Renewable Energy industry in Asia. Total returns to shareholders of 43% over the past year.Upcoming Dividend • Mar 27Upcoming dividend of NT$4.03 per shareEligible shareholders must have bought the stock before 03 April 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (4.7%). Lower than average of industry peers (2.9%).分析記事 • Mar 21HD Renewable Energy's (TWSE:6873) Shareholders Should Assess Earnings With CautionDespite posting strong earnings, HD Renewable Energy Co., Ltd.'s ( TWSE:6873 ) stock didn't move much over the last...Reported Earnings • Mar 20Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: NT$8.36 (up from NT$8.18 in FY 2022). Revenue: NT$5.84b (up 15% from FY 2022). Net income: NT$815.4m (up 25% from FY 2022). Profit margin: 14% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Renewable Energy industry in Asia.お知らせ • Mar 09HD Renewable Energy Co., Ltd. Declares Year Dividend for the Year Ended December 31, 2023HD Renewable Energy Co., Ltd. declared year dividend of TWD 4.08000000 per share or total amount of cash distributed to shareholders TWD 408,000,000, for the year ended December 31, 2023.お知らせ • Mar 08HD Renewable Energy Co., Ltd., Annual General Meeting, Jun 07, 2024HD Renewable Energy Co., Ltd., Annual General Meeting, Jun 07, 2024. Location: International Conference Hall of Mellow Fields Hotel, (No. 127 Zhongshan North Road, Shilin District, Taipei City) Taipei City Taiwan Agenda: To approve Issue of new shares via capitalization of retained earnings; to acknowledge 2023 Business Report and Financial Statements ; to acknowledge the 2023 profits distribution proposal; to approve the business report of 2023; to approve Audit Committee's review on 2023 annual accounting final reports and statements; to approve The 2023 distribution of employees compensation and remuneration to directors; to approve The 2023 profits distribution of cash dividends; to approve The amendment of the Rules of Procedure for Board of Directors Meeting; to approve The results for the execution of the Domestic Unsecured Convertible Bond in 2023; and to consider other matters.Upcoming Dividend • Jul 10Upcoming dividend of NT$4.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (1.8%).Reported Earnings • Mar 17Full year 2022 earnings released: EPS: NT$8.18 (vs NT$3.02 in FY 2021)Full year 2022 results: EPS: NT$8.18 (up from NT$3.02 in FY 2021). Revenue: NT$5.06b (up 89% from FY 2021). Net income: NT$650.1m (up 293% from FY 2021). Profit margin: 13% (up from 6.2% in FY 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$156, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 32x in the Renewable Energy industry in Taiwan. Total returns to shareholders of 77% over the past year.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$116, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 26x in the Renewable Energy industry in Taiwan. Total returns to shareholders of 37% over the past year.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$102, the stock trades at a trailing P/E ratio of 24.7x. Average forward P/E is 14x in the Renewable Energy industry in Taiwan.業績と収益の成長予測TWSE:6873 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202710,1021,082-1,8806,682112/31/20268,9767464014,55613/31/20268,737458-4,360-1,767N/A12/31/20258,780504-6,449-2,739N/A9/30/20259,530819-7,342-2,045N/A6/30/202511,3251,219-6,678-1,868N/A3/31/202510,7091,234-5,710-1,283N/A12/31/202410,1251,199-8372,054N/A9/30/20248,8191,101-1,1191,774N/A6/30/20245,9507574571,928N/A3/31/20246,124789-1,064310N/A12/31/20235,839815-3,355-1,777N/A9/30/20236,212753-1,153-419N/A6/30/20235,994722-585212N/A3/31/20235,107651-256595N/A12/31/20225,0606506641,242N/A9/30/20223,160370-1,109-685N/A6/30/20223,166286-680-430N/A3/31/20222,918224-468-357N/A12/31/20212,680165-278-188N/A9/30/20212,45313583158N/A6/30/20212,752288-7108N/A3/31/20212,525240133263N/A12/31/20202,298191273418N/A12/31/20191,156150N/A138N/A12/31/201852682N/A22N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 6873の予測収益成長率 (年間46.6% ) は 貯蓄率 ( 1.3% ) を上回っています。収益対市場: 6873の収益 ( 46.6% ) はTW市場 ( 25.8% ) よりも速いペースで成長すると予測されています。高成長収益: 6873の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 6873の収益 ( 8.6% ) TW市場 ( 20.8% ) よりも低い成長が予測されています。高い収益成長: 6873の収益 ( 8.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 6873の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/04 09:26終値2026/08/04 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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HD Renewable Energy Co., Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Duff LuCathay Securities Corporationnull nullKGI Securities Co. Ltd.Cheng-Tai LeeKGI Securities Co. Ltd.1 その他のアナリストを表示
Major Estimate Revision • Jul 12Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$15.6b to NT$12.5b. EPS estimate fell from NT$14.78 to NT$12.31 per share. Net income forecast to grow 45% next year vs 17% growth forecast for Renewable Energy industry in Taiwan. Consensus price target of NT$287 unchanged from last update. Share price was steady at NT$229 over the past week.
Major Estimate Revision • Jun 06Consensus revenue estimates fall by 21%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$15.7b to NT$12.5b. EPS estimate fell from NT$15.39 to NT$14.90 per share. Net income forecast to grow 59% next year vs 17% growth forecast for Renewable Energy industry in Taiwan. Consensus price target of NT$271 unchanged from last update. Share price was steady at NT$233 over the past week.
Major Estimate Revision • Mar 31Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$16.3b to NT$15.7b. EPS estimate also fell from NT$15.78 per share to NT$13.28 per share. Net income forecast to grow 36% next year vs 19% growth forecast for Renewable Energy industry in Taiwan. Consensus price target broadly unchanged at NT$271. Share price fell 6.7% to NT$201 over the past week.
Price Target Changed • Nov 08Price target decreased by 8.9% to NT$323Down from NT$355, the current price target is an average from 3 analysts. New target price is 55% above last closing price of NT$209. Stock is up 93% over the past year. The company is forecast to post earnings per share of NT$11.71 for next year compared to NT$8.16 last year.
Major Estimate Revision • Jul 18Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$11.7b to NT$10.7b. EPS estimate also fell from NT$14.03 per share to NT$12.29 per share. Net income forecast to grow 84% next year vs 27% growth forecast for Renewable Energy industry in Taiwan. Consensus price target up from NT$181 to NT$256. Share price rose 19% to NT$281 over the past week.
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$81.80, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 14x in the Renewable Energy industry in Taiwan. Total loss to shareholders of 19% over the past three years.
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$0.25 (vs NT$0.59 in 1Q 2025)First quarter 2026 results: EPS: NT$0.25 (down from NT$0.59 in 1Q 2025). Revenue: NT$1.42b (down 2.9% from 1Q 2025). Net income: NT$35.3m (down 57% from 1Q 2025). Profit margin: 2.5% (down from 5.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$0.25 (vs NT$0.59 in 1Q 2025)First quarter 2026 results: EPS: NT$0.25 (down from NT$0.59 in 1Q 2025). Revenue: NT$1.42b (down 2.9% from 1Q 2025). Net income: NT$35.3m (down 57% from 1Q 2025). Profit margin: 2.5% (down from 5.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.
Buy Or Sell Opportunity • Mar 20Now 23% overvaluedThe stock has been flat over the last 90 days, currently trading at NT$99.00. The fair value is estimated to be NT$80.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 71% in a year. Earnings are forecast to grow by 199% in the next year.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: NT$3.59 (vs NT$9.72 in FY 2024)Full year 2025 results: EPS: NT$3.59 (down from NT$9.72 in FY 2024). Revenue: NT$8.78b (down 13% from FY 2024). Net income: NT$503.9m (down 58% from FY 2024). Profit margin: 5.7% (down from 12% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Mar 11HD Renewable Energy Co., Ltd., Annual General Meeting, Jun 12, 2026HD Renewable Energy Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,127, sec.7 chung shan n. rd., shihlin district, taipei city Taiwan
Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$113, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Renewable Energy industry in Asia. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$202 per share.
New Risk • Dec 23New 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin).
Reported Earnings • Nov 18Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: NT$0.26 (down from NT$3.59 in 3Q 2024). Revenue: NT$2.05b (down 47% from 3Q 2024). Net income: NT$37.0m (down 92% from 3Q 2024). Profit margin: 1.8% (down from 11% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 91%. Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Renewable Energy industry in Taiwan. 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 12% per year.
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$105, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Renewable Energy industry in Asia. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$178 per share.
New Risk • Oct 15New 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (69% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$140, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Renewable Energy industry in Asia. Total returns to shareholders of 128% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$180 per share.
Buy Or Sell Opportunity • Aug 29Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to NT$150. The fair value is estimated to be NT$197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 41% in a year. Earnings are forecast to grow by 42% in the next year.
New Risk • Aug 18New 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 (71% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (16% increase in shares outstanding).
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: NT$0.71 (down from NT$0.97 in 2Q 2024). Revenue: NT$1.89b (up 49% from 2Q 2024). Net income: NT$100.1m (down 13% from 2Q 2024). Profit margin: 5.3% (down from 9.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 76%. Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Renewable Energy industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Jul 12Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$15.6b to NT$12.5b. EPS estimate fell from NT$14.78 to NT$12.31 per share. Net income forecast to grow 45% next year vs 17% growth forecast for Renewable Energy industry in Taiwan. Consensus price target of NT$287 unchanged from last update. Share price was steady at NT$229 over the past week.
Major Estimate Revision • Jun 06Consensus revenue estimates fall by 21%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$15.7b to NT$12.5b. EPS estimate fell from NT$15.39 to NT$14.90 per share. Net income forecast to grow 59% next year vs 17% growth forecast for Renewable Energy industry in Taiwan. Consensus price target of NT$271 unchanged from last update. Share price was steady at NT$233 over the past week.
お知らせ • May 23HD Renewable Energy Co., Ltd. announced that it has received fundingHD Renewable Energy Co., Ltd. announced a private placement that it has issued Company's Second Unsecured Convertible Bonds to receive funding on May 21, 2025.
New Risk • May 15New 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 (71% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (17% increase in shares outstanding).
Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: NT$0.68 (up from NT$0.45 in 1Q 2024). Revenue: NT$1.47b (up 66% from 1Q 2024). Net income: NT$81.5m (up 74% from 1Q 2024). Profit margin: 5.6% (up from 5.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 01HD Renewable Energy Co., Ltd. to Report Q1, 2025 Results on May 08, 2025HD Renewable Energy Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
New Risk • Apr 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (17% increase in shares outstanding).
お知らせ • Apr 19HD Renewable Energy Co., Ltd. announced a financing transactionHD Renewable Energy Co., Ltd. announced a private placement to issue not more than 15,000,000 shares on April 18, 2025. The transaction has been approved by shareholders and restricted to a hold period.
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% 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 (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).
New Risk • Apr 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Major Estimate Revision • Mar 31Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$16.3b to NT$15.7b. EPS estimate also fell from NT$15.78 per share to NT$13.28 per share. Net income forecast to grow 36% next year vs 19% growth forecast for Renewable Energy industry in Taiwan. Consensus price target broadly unchanged at NT$271. Share price fell 6.7% to NT$201 over the past week.
Reported Earnings • Mar 26Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: NT$11.10 (up from NT$8.16 in FY 2023). Revenue: NT$10.1b (up 73% from FY 2023). Net income: NT$1.20b (up 47% from FY 2023). Profit margin: 12% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Renewable Energy industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 34% per year.
Upcoming Dividend • Mar 25Upcoming dividend of NT$5.26 per shareEligible shareholders must have bought the stock before 01 April 2025. Payment date: 23 April 2025. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (4.6%). Lower than average of industry peers (3.0%).
Declared Dividend • Mar 07Dividend of NT$5.50 announcedShareholders will receive a dividend of NT$5.50. Ex-date: 1st April 2025 Payment date: 23rd April 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (38% 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 increased by an average of 27% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 70% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 06+ 1 more updateHD Renewable Energy Co., Ltd., Annual General Meeting, Jun 03, 2025HD Renewable Energy Co., Ltd., Annual General Meeting, Jun 03, 2025. Location: no,127, sec.7 chung shan n. rd., shihlin district, taipei city Taiwan
分析記事 • Jan 13Some Investors May Be Worried About HD Renewable Energy's (TWSE:6873) Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
分析記事 • Nov 19We Think You Should Be Aware Of Some Concerning Factors In HD Renewable Energy's (TWSE:6873) EarningsThe market shrugged off HD Renewable Energy Co., Ltd.'s ( TWSE:6873 ) solid earnings report. Our analysis showed that...
Reported Earnings • Nov 18Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$4.10 (up from NT$0.90 in 3Q 2023). Revenue: NT$3.85b (up 294% from 3Q 2023). Net income: NT$436.5m (up 371% from 3Q 2023). Profit margin: 11% (up from 9.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Renewable Energy industry in Asia.
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$198, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Renewable Energy industry in Asia. Total returns to shareholders of 86% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$176 per share.
Buy Or Sell Opportunity • Nov 11Now 22% overvaluedOver the last 90 days, the stock has fallen 9.7% to NT$215. The fair value is estimated to be NT$177, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 237% in 2 years. Earnings are forecast to grow by 221% in the next 2 years.
Price Target Changed • Nov 08Price target decreased by 8.9% to NT$323Down from NT$355, the current price target is an average from 3 analysts. New target price is 55% above last closing price of NT$209. Stock is up 93% over the past year. The company is forecast to post earnings per share of NT$11.71 for next year compared to NT$8.16 last year.
分析記事 • Sep 23HD Renewable Energy Co., Ltd. (TWSE:6873) Shares Could Be 30% Above Their Intrinsic Value EstimateKey Insights The projected fair value for HD Renewable Energy is NT$220 based on 2 Stage Free Cash Flow to Equity HD...
Buy Or Sell Opportunity • Sep 23Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 55% to NT$286. The fair value is estimated to be NT$220, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 237% in 2 years. Earnings are forecast to grow by 221% in the next 2 years.
New Risk • Sep 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding).
New Risk • Aug 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% 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: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding).
Reported Earnings • Aug 13Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$1.10 (down from NT$1.43 in 2Q 2023). Revenue: NT$1.27b (down 12% from 2Q 2023). Net income: NT$114.8m (down 22% from 2Q 2023). Profit margin: 9.0% (down from 10% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%. Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Renewable Energy industry in Asia.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to NT$203, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Renewable Energy industry in Asia. Total returns to shareholders of 78% over the past year.
お知らせ • Aug 02HD Renewable Energy Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024HD Renewable Energy Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024
お知らせ • Aug 01HD Renewable Energy Co., Ltd. Appoints Chen Mingxin as New Senior Vice President, August 15, 2024HD Renewable Energy Co., Ltd. announced that the company's New Senior Vice President. Name, title, and resume of the new position holder: Chen Mingxin/Senior vice president /Managing Director of Green Investment Group Limited of Macquarie Asset Management. Effective date is August 15, 2024.
Major Estimate Revision • Jul 18Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$11.7b to NT$10.7b. EPS estimate also fell from NT$14.03 per share to NT$12.29 per share. Net income forecast to grow 84% next year vs 27% growth forecast for Renewable Energy industry in Taiwan. Consensus price target up from NT$181 to NT$256. Share price rose 19% to NT$281 over the past week.
分析記事 • Jul 17HD Renewable Energy Co., Ltd. (TWSE:6873) Looks Just Right With A 52% Price JumpHD Renewable Energy Co., Ltd. ( TWSE:6873 ) shares have had a really impressive month, gaining 52% after a shaky period...
Buy Or Sell Opportunity • Jul 01Now 32% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to NT$210. The fair value is estimated to be NT$159, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 110% in a year. Earnings are forecast to grow by 103% in the next year.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$208, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Renewable Energy industry in Asia. Total returns to shareholders of 78% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$159 per share.
Buy Or Sell Opportunity • Jun 24Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to NT$193. The fair value is estimated to be NT$159, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 110% in a year. Earnings are forecast to grow by 103% in the next year.
Reported Earnings • May 19First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: NT$0.46 (down from NT$0.82 in 1Q 2023). Revenue: NT$883.6m (up 48% from 1Q 2023). Net income: NT$46.8m (down 36% from 1Q 2023). Profit margin: 5.3% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Renewable Energy industry in Asia.
お知らせ • May 02HD Renewable Energy Co., Ltd. to Report Q1, 2024 Results on May 08, 2024HD Renewable Energy Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024
お知らせ • Apr 19HD Renewable Energy Co., Ltd. announced a financing transactionHD Renewable Energy Co., Ltd. announced a private placement of 15,000,000 common shares on April 17, 2024. The transaction has been approved by the shareholders of the company.
分析記事 • Apr 17The Market Lifts HD Renewable Energy Co., Ltd. (TWSE:6873) Shares 27% But It Can Do MoreDespite an already strong run, HD Renewable Energy Co., Ltd. ( TWSE:6873 ) shares have been powering on, with a gain of...
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$186, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Renewable Energy industry in Asia. Total returns to shareholders of 43% over the past year.
Upcoming Dividend • Mar 27Upcoming dividend of NT$4.03 per shareEligible shareholders must have bought the stock before 03 April 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (4.7%). Lower than average of industry peers (2.9%).
分析記事 • Mar 21HD Renewable Energy's (TWSE:6873) Shareholders Should Assess Earnings With CautionDespite posting strong earnings, HD Renewable Energy Co., Ltd.'s ( TWSE:6873 ) stock didn't move much over the last...
Reported Earnings • Mar 20Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: NT$8.36 (up from NT$8.18 in FY 2022). Revenue: NT$5.84b (up 15% from FY 2022). Net income: NT$815.4m (up 25% from FY 2022). Profit margin: 14% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Renewable Energy industry in Asia.
お知らせ • Mar 09HD Renewable Energy Co., Ltd. Declares Year Dividend for the Year Ended December 31, 2023HD Renewable Energy Co., Ltd. declared year dividend of TWD 4.08000000 per share or total amount of cash distributed to shareholders TWD 408,000,000, for the year ended December 31, 2023.
お知らせ • Mar 08HD Renewable Energy Co., Ltd., Annual General Meeting, Jun 07, 2024HD Renewable Energy Co., Ltd., Annual General Meeting, Jun 07, 2024. Location: International Conference Hall of Mellow Fields Hotel, (No. 127 Zhongshan North Road, Shilin District, Taipei City) Taipei City Taiwan Agenda: To approve Issue of new shares via capitalization of retained earnings; to acknowledge 2023 Business Report and Financial Statements ; to acknowledge the 2023 profits distribution proposal; to approve the business report of 2023; to approve Audit Committee's review on 2023 annual accounting final reports and statements; to approve The 2023 distribution of employees compensation and remuneration to directors; to approve The 2023 profits distribution of cash dividends; to approve The amendment of the Rules of Procedure for Board of Directors Meeting; to approve The results for the execution of the Domestic Unsecured Convertible Bond in 2023; and to consider other matters.
Upcoming Dividend • Jul 10Upcoming dividend of NT$4.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (1.8%).
Reported Earnings • Mar 17Full year 2022 earnings released: EPS: NT$8.18 (vs NT$3.02 in FY 2021)Full year 2022 results: EPS: NT$8.18 (up from NT$3.02 in FY 2021). Revenue: NT$5.06b (up 89% from FY 2021). Net income: NT$650.1m (up 293% from FY 2021). Profit margin: 13% (up from 6.2% in FY 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$156, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 32x in the Renewable Energy industry in Taiwan. Total returns to shareholders of 77% over the past year.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$116, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 26x in the Renewable Energy industry in Taiwan. Total returns to shareholders of 37% over the past year.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$102, the stock trades at a trailing P/E ratio of 24.7x. Average forward P/E is 14x in the Renewable Energy industry in Taiwan.