View ValuationMacauto Industrial 향후 성장Future 기준 점검 2/6Macauto Industrial은 연간 수입과 매출이 각각 20.3%와 6.6% 증가할 것으로 예상되고 EPS는 연간 19.4%만큼 증가할 것으로 예상됩니다.핵심 정보20.3%이익 성장률19.40%EPS 성장률Auto Components 이익 성장27.3%매출 성장률6.6%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트18 Apr 2026최근 향후 성장 업데이트Price Target Changed • Nov 24Price target decreased by 13% to NT$73.00Down from NT$83.50, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$56.70. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of NT$4.82 for next year compared to NT$4.20 last year.Major Estimate Revision • Nov 27Consensus EPS estimates fall to NT$5.63The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$5.29b to NT$4.89b. EPS estimate also fell from NT$6.97 to NT$5.63. Net income forecast to grow 9.8% next year vs 33% growth forecast for Auto Components industry in Taiwan. Consensus price target down from NT$107 to NT$99.25. Share price fell 4.2% to NT$78.20 over the past week.Price Target Changed • Nov 26Price target decreased to NT$99.25Down from NT$112, the current price target is an average from 3 analysts. New target price is 27% above last closing price of NT$78.20. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$5.63 for next year compared to NT$6.69 last year.Major Estimate Revision • Mar 31Consensus EPS estimates increase to NT$8.54The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$5.57b to NT$5.92b. EPS estimate increased from NT$7.70 to NT$8.54 per share. Net income forecast to grow 28% next year vs 88% growth forecast for Auto Components industry in Taiwan. Consensus price target up from NT$109 to NT$114. Share price rose 7.4% to NT$104 over the past week.Price Target Changed • Nov 15Price target raised to NT$99.00Up from NT$90.60, the current price target is an average from 5 analysts. The new target price is 12% above the current share price of NT$88.50. As of last close, the stock is down 3.8% over the past year.Price Target Changed • Oct 14Price target raised to NT$90.60Up from NT$84.32, the current price target is an average from 5 analysts. The new target price is 20% above the current share price of NT$75.70. As of last close, the stock is down 22% over the past year.모든 업데이트 보기Recent updatesReported Earnings • May 09First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$1.00 (down from NT$1.77 in 1Q 2025). Revenue: NT$1.68b (up 17% from 1Q 2025). Net income: NT$106.1m (down 20% from 1Q 2025). Profit margin: 6.3% (down from 9.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year.공고 • Mar 16Macauto Industrial Co., Ltd., Annual General Meeting, Jun 17, 2026Macauto Industrial Co., Ltd., Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: no,6, yung k`o 5th rd., yongkang district, tainan city TaiwanReported Earnings • Mar 14Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$5.27 (up from NT$4.20 in FY 2024). Revenue: NT$6.32b (up 15% from FY 2024). Net income: NT$389.9m (up 24% from FY 2024). Profit margin: 6.2% (up from 5.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year.Price Target Changed • Nov 24Price target decreased by 13% to NT$73.00Down from NT$83.50, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$56.70. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of NT$4.82 for next year compared to NT$4.20 last year.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.48 (vs NT$0.76 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.48 (up from NT$0.76 in 3Q 2024). Revenue: NT$1.57b (up 16% from 3Q 2024). Net income: NT$109.5m (up 91% from 3Q 2024). Profit margin: 7.0% (up from 4.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.98 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.34 (down from NT$0.98 in 2Q 2024). Revenue: NT$1.58b (up 18% from 2Q 2024). Net income: NT$25.5m (down 65% from 2Q 2024). Profit margin: 1.6% (down from 5.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year.Upcoming Dividend • Jul 31Upcoming dividend of NT$2.32 per shareEligible shareholders must have bought the stock before 07 August 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.7%).New Risk • Jul 29New major risk - Revenue and earnings growthEarnings have declined by 6.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.8% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 17First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$1.77 (up from NT$1.23 in 1Q 2024). Revenue: NT$1.43b (up 19% from 1Q 2024). Net income: NT$132.5m (up 44% from 1Q 2024). Profit margin: 9.2% (up from 7.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 110%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.공고 • May 03Macauto Industrial Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Macauto Industrial Co., Ltd. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on May 09, 2025New Risk • Apr 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$96.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (NT$3.19b market cap, or US$96.9m).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$44.95, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Auto Components industry in Taiwan. Total loss to shareholders of 28% over the past three years.Buy Or Sell Opportunity • Mar 21Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 5.4% to NT$56.70. The fair value is estimated to be NT$47.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.3% in 2 years. Earnings are forecast to grow by 15% in the next 2 years.Reported Earnings • Mar 18Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: NT$4.20 (down from NT$5.77 in FY 2023). Revenue: NT$5.52b (up 6.0% from FY 2023). Net income: NT$314.4m (down 27% from FY 2023). Profit margin: 5.7% (down from 8.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.공고 • Mar 12Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2025Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2025, at 09:00 Taipei Standard Time. Location: no,6, yung k`o 5th rd., yongkang district, tainan city Taiwan공고 • Feb 27Macauto Industrial Co., Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2025Macauto Industrial Co., Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2025New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 14Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$0.76 (down from NT$1.52 in 3Q 2023). Revenue: NT$1.36b (up 3.0% from 3Q 2023). Net income: NT$57.2m (down 50% from 3Q 2023). Profit margin: 4.2% (down from 8.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.공고 • Nov 05Macauto Industrial Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024Macauto Industrial Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024Upcoming Dividend • Aug 14Upcoming dividend of NT$3.40 per shareEligible shareholders must have bought the stock before 21 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (3.4%).Reported Earnings • Aug 13Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$0.98 (down from NT$1.44 in 2Q 2023). Revenue: NT$1.33b (up 12% from 2Q 2023). Net income: NT$73.1m (down 32% from 2Q 2023). Profit margin: 5.5% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year.공고 • Aug 01Macauto Industrial Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Macauto Industrial Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024Declared Dividend • Jul 22Dividend increased to NT$3.40Dividend of NT$3.40 is 3.0% higher than last year. Ex-date: 21st August 2024 Payment date: 20th September 2024 Dividend yield will be 4.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 1.8% over the next year. However, it would need to fall by 33% to increase the payout ratio to a potentially unsustainable range.공고 • Jun 19+ 3 more updatesMacauto Industrial Co., Ltd. Announces Changes to Audit CommitteeMacauto Industrial Co., Ltd. announced changes to Audit Committee. Name of the previous position holder: Wu, Ya Chuan, Chiu, Fang Tsai, Lai, Wei Hsiang, Chen, Fa Chiang. Resume of the previous position holder: Chen, Fa Chiang:Director of LI-XIANG ELECTRONICS CO., LTD. Name of the new position holder: Wu, Ya Chuan, Chiu, Fang Tsai, Lai, Wei Hsiang, Yang, Chih Yuan. Resume of the new position holder: Wu, Ya Chuan:Chief of the Accounting Firm at Wu Ya Chuan Accounting Firm. Chiu, Fang Tsai:Chief of the Accounting Firm of Qingxin CPA Firm. Lai, Wei Hsiang:Vice Director of Building Performance Evaluation Center, National Cheng Kung University Research and Development Foundation. Yang, Chih Yuan:CEO of GE TECHNOLOGY INC. Reason for the change: term expired. Effective date of the new appointment is June 18, 2024. Original term is from August 26, 2021 to August 25, 2024.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$1.23 (vs NT$1.35 in 1Q 2023)First quarter 2024 results: EPS: NT$1.23 (down from NT$1.35 in 1Q 2023). Revenue: NT$1.21b (down 1.2% from 1Q 2023). Net income: NT$92.1m (down 8.8% from 1Q 2023). Profit margin: 7.6% (down from 8.2% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.공고 • May 03Macauto Industrial Co., Ltd. to Report Q1, 2024 Results on May 03, 2024Macauto Industrial Co., Ltd. announced that they will report Q1, 2024 results on May 03, 2024Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$5.77 (vs NT$5.50 in FY 2022)Full year 2023 results: EPS: NT$5.77 (up from NT$5.50 in FY 2022). Revenue: NT$5.21b (up 7.4% from FY 2022). Net income: NT$432.2m (up 4.9% from FY 2022). Profit margin: 8.3% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. 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 9% per year.공고 • Mar 09Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2024Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: No. 6, Yongke 5th Rd, Yongkang Dist., Tainan City 710, R.O.C. Tainan City Taiwan Agenda: To consider 2023 Business Report; To consider Audit Committees Review Report on 2023 Financial Statements; To consider Report on 2023 employees' and directors' remuneration; To consider 2023 Earnings Distribution-Cash Dividend Report.Board Change • Jan 24Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (3 non-independent 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: Minority of independent directors. Insufficient board refreshment.공고 • Nov 17Macauto Industrial Co., Ltd. Announces Change of Corporate Director's RepresentativeMacauto Industrial Co., Ltd. announced the change of corporate director's representative. Name of the previous position holder: Hsu Fang Ming. Resume of the previous position holder: Director's representative of Tayih Kenmos Auto Parts Co., Ltd. Name of the new position holder: Cheng Ching Hsiang. Resume of the new position holder: Director's representative of Tayih Kenmos Auto Parts Co., Ltd. Effective date of the new appointment is November 15, 2023.Upcoming Dividend • Aug 15Upcoming dividend of NT$3.30 per share at 4.2% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (3.3%).Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: NT$1.44 (vs NT$0.74 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.44 (up from NT$0.74 in 2Q 2022). Revenue: NT$1.20b (up 20% from 2Q 2022). Net income: NT$108.1m (up 95% from 2Q 2022). Profit margin: 9.0% (up from 5.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Mar 31Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: NT$5.50 (up from NT$5.33 in FY 2021). Revenue: NT$4.85b (up 1.6% from FY 2021). Net income: NT$412.0m (up 3.1% from FY 2021). Profit margin: 8.5% (up from 8.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.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. 5 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 10Third quarter 2022 earnings released: EPS: NT$1.78 (vs NT$0.89 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.78 (up from NT$0.89 in 3Q 2021). Revenue: NT$1.27b (up 17% from 3Q 2021). Net income: NT$133.2m (up 99% from 3Q 2021). Profit margin: 11% (up from 6.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year.Buying Opportunity • Oct 13Now 23% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$79.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 23% in a year. Earnings is forecast to grow by 116% in the next year.Buying Opportunity • Sep 19Now 21% undervaluedOver the last 90 days, the stock is up 3.1%. The fair value is estimated to be NT$85.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 23% in a year. Earnings is forecast to grow by 116% in the next year.Upcoming Dividend • Aug 31Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 07 September 2022. Payment date: 07 October 2022. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (2.6%).Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$0.74 (vs NT$1.52 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.74 (down from NT$1.52 in 2Q 2021). Revenue: NT$997.5m (down 20% from 2Q 2021). Net income: NT$55.4m (down 51% from 2Q 2021). Profit margin: 5.6% (down from 9.2% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 19%, compared to a 16% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$1.16 (down from NT$1.75 in 1Q 2021). Revenue: NT$1.14b (down 13% from 1Q 2021). Net income: NT$86.7m (down 34% from 1Q 2021). Profit margin: 7.6% (down from 10.0% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 6.4%, compared to a 6.5% growth forecast for the industry in Taiwan. 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 6% per year.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. 5 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.Major Estimate Revision • Nov 27Consensus EPS estimates fall to NT$5.63The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$5.29b to NT$4.89b. EPS estimate also fell from NT$6.97 to NT$5.63. Net income forecast to grow 9.8% next year vs 33% growth forecast for Auto Components industry in Taiwan. Consensus price target down from NT$107 to NT$99.25. Share price fell 4.2% to NT$78.20 over the past week.Price Target Changed • Nov 26Price target decreased to NT$99.25Down from NT$112, the current price target is an average from 3 analysts. New target price is 27% above last closing price of NT$78.20. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$5.63 for next year compared to NT$6.69 last year.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.90 (vs NT$1.97 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.08b (down 14% from 3Q 2020). Net income: NT$66.8m (down 55% from 3Q 2020). Profit margin: 6.2% (down from 12% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 31Upcoming dividend of NT$4.70 per shareEligible shareholders must have bought the stock before 07 September 2021. Payment date: 08 October 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.6%).Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$1.51 (vs NT$0.93 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.24b (up 43% from 2Q 2020). Net income: NT$113.7m (up 63% from 2Q 2020). Profit margin: 9.2% (up from 8.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year.Reported Earnings • May 13First quarter 2021 earnings released: EPS NT$1.75 (vs NT$0.97 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.31b (up 24% from 1Q 2020). Net income: NT$130.8m (up 80% from 1Q 2020). Profit margin: 10.0% (up from 6.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year.분석 기사 • Apr 16Could Macauto Industrial Co., Ltd. (GTSM:9951) Have The Makings Of Another Dividend Aristocrat?Today we'll take a closer look at Macauto Industrial Co., Ltd. ( GTSM:9951 ) from a dividend investor's perspective...분석 기사 • Mar 31Investors Can Find Comfort In Macauto Industrial's (GTSM:9951) Earnings QualityMacauto Industrial Co., Ltd.'s ( GTSM:9951 ) recent soft profit numbers didn't appear to worry shareholders. Our...Major Estimate Revision • Mar 31Consensus EPS estimates increase to NT$8.54The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$5.57b to NT$5.92b. EPS estimate increased from NT$7.70 to NT$8.54 per share. Net income forecast to grow 28% next year vs 88% growth forecast for Auto Components industry in Taiwan. Consensus price target up from NT$109 to NT$114. Share price rose 7.4% to NT$104 over the past week.Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$6.69 (vs NT$7.53 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$4.64b (down 20% from FY 2019). Net income: NT$501.1m (down 11% from FY 2019). Profit margin: 11% (up from 9.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year.Is New 90 Day High Low • Dec 31New 90-day high: NT$91.30The company is up 22% from its price of NT$74.60 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$142 per share.분석 기사 • Dec 24Here's Why Macauto Industrial (GTSM:9951) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Dec 01What Type Of Returns Would Macauto Industrial's(GTSM:9951) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?Macauto Industrial Co., Ltd. (GTSM:9951) shareholders should be happy to see the share price up 16% in the last month...Price Target Changed • Nov 15Price target raised to NT$99.00Up from NT$90.60, the current price target is an average from 5 analysts. The new target price is 12% above the current share price of NT$88.50. As of last close, the stock is down 3.8% over the past year.Analyst Estimate Surprise Post Earnings • Nov 11Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 18%. Over the next year, revenue is forecast to grow 13%, compared to a 13% growth forecast for the Auto Components industry in Taiwan.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS NT$1.97The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.25b (down 13% from 3Q 2019). Net income: NT$147.9m (up 20% from 3Q 2019). Profit margin: 12% (up from 8.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 18% per year.Price Target Changed • Oct 14Price target raised to NT$90.60Up from NT$84.32, the current price target is an average from 5 analysts. The new target price is 20% above the current share price of NT$75.70. As of last close, the stock is down 22% over the past year.이익 및 매출 성장 예측TPEX:9951 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20277,351523N/A681112/31/20266,720448N/A42213/31/20266,570364354475N/A12/31/20256,324390595716N/A9/30/20256,202359339437N/A6/30/20255,989307233338N/A3/31/20255,744355-998N/A12/31/20245,520314-127-17N/A9/30/20245,370332149257N/A6/30/20245,330388514605N/A3/31/20245,193423766840N/A12/31/20235,208432687744N/A9/30/20235,181460788853N/A6/30/20235,133479548609N/A3/31/20234,934426544596N/A12/31/20224,850412497548N/A9/30/20224,549363449500N/A6/30/20224,364297474516N/A3/31/20224,608355265315N/A12/31/20214,773399565616N/A9/30/20215,095522675707N/A6/30/20215,265603839865N/A3/31/20214,889559965995N/A12/31/20204,635501880913N/A9/30/20204,669453699741N/A6/30/20204,857429597656N/A3/31/20205,391492715785N/A12/31/20195,825564N/A940N/A9/30/20196,058587N/A922N/A6/30/20196,046570N/A999N/A3/31/20196,149533N/A896N/A12/31/20186,120577N/A476N/A9/30/20185,904571N/A665N/A6/30/20185,794621N/A567N/A3/31/20185,652693N/A345N/A12/31/20175,467662N/A565N/A9/30/20175,229705N/A526N/A6/30/20175,044706N/A524N/A3/31/20174,766715N/A786N/A12/31/20164,539743N/A799N/A9/30/20164,282705N/A724N/A6/30/20164,085745N/A712N/A3/31/20163,958742N/A609N/A12/31/20153,727657N/A587N/A9/30/20153,537656N/A397N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 9951 의 연간 예상 수익 증가율(20.3%)이 saving rate(1.3%)보다 높습니다.수익 vs 시장: 9951 의 연간 수익(20.3%)이 TW 시장(26%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 9951 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 9951 의 수익(연간 6.6%)이 TW 시장(연간 19.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 9951 의 수익(연간 6.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 9951의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YAutomobiles 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/16 09:54종가2026/07/16 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Macauto Industrial Co., Ltd.는 10명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Changming YehBarclaysHidehiko AokiBofA Global ResearchZhizhong ChenCapital Securities Corporation7명의 분석가 더 보기
Price Target Changed • Nov 24Price target decreased by 13% to NT$73.00Down from NT$83.50, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$56.70. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of NT$4.82 for next year compared to NT$4.20 last year.
Major Estimate Revision • Nov 27Consensus EPS estimates fall to NT$5.63The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$5.29b to NT$4.89b. EPS estimate also fell from NT$6.97 to NT$5.63. Net income forecast to grow 9.8% next year vs 33% growth forecast for Auto Components industry in Taiwan. Consensus price target down from NT$107 to NT$99.25. Share price fell 4.2% to NT$78.20 over the past week.
Price Target Changed • Nov 26Price target decreased to NT$99.25Down from NT$112, the current price target is an average from 3 analysts. New target price is 27% above last closing price of NT$78.20. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$5.63 for next year compared to NT$6.69 last year.
Major Estimate Revision • Mar 31Consensus EPS estimates increase to NT$8.54The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$5.57b to NT$5.92b. EPS estimate increased from NT$7.70 to NT$8.54 per share. Net income forecast to grow 28% next year vs 88% growth forecast for Auto Components industry in Taiwan. Consensus price target up from NT$109 to NT$114. Share price rose 7.4% to NT$104 over the past week.
Price Target Changed • Nov 15Price target raised to NT$99.00Up from NT$90.60, the current price target is an average from 5 analysts. The new target price is 12% above the current share price of NT$88.50. As of last close, the stock is down 3.8% over the past year.
Price Target Changed • Oct 14Price target raised to NT$90.60Up from NT$84.32, the current price target is an average from 5 analysts. The new target price is 20% above the current share price of NT$75.70. As of last close, the stock is down 22% over the past year.
Reported Earnings • May 09First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: NT$1.00 (down from NT$1.77 in 1Q 2025). Revenue: NT$1.68b (up 17% from 1Q 2025). Net income: NT$106.1m (down 20% from 1Q 2025). Profit margin: 6.3% (down from 9.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year.
공고 • Mar 16Macauto Industrial Co., Ltd., Annual General Meeting, Jun 17, 2026Macauto Industrial Co., Ltd., Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: no,6, yung k`o 5th rd., yongkang district, tainan city Taiwan
Reported Earnings • Mar 14Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: NT$5.27 (up from NT$4.20 in FY 2024). Revenue: NT$6.32b (up 15% from FY 2024). Net income: NT$389.9m (up 24% from FY 2024). Profit margin: 6.2% (up from 5.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year.
Price Target Changed • Nov 24Price target decreased by 13% to NT$73.00Down from NT$83.50, the current price target is an average from 2 analysts. New target price is 29% above last closing price of NT$56.70. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of NT$4.82 for next year compared to NT$4.20 last year.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.48 (vs NT$0.76 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.48 (up from NT$0.76 in 3Q 2024). Revenue: NT$1.57b (up 16% from 3Q 2024). Net income: NT$109.5m (up 91% from 3Q 2024). Profit margin: 7.0% (up from 4.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.98 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.34 (down from NT$0.98 in 2Q 2024). Revenue: NT$1.58b (up 18% from 2Q 2024). Net income: NT$25.5m (down 65% from 2Q 2024). Profit margin: 1.6% (down from 5.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year.
Upcoming Dividend • Jul 31Upcoming dividend of NT$2.32 per shareEligible shareholders must have bought the stock before 07 August 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.7%).
New Risk • Jul 29New major risk - Revenue and earnings growthEarnings have declined by 6.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.8% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 17First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$1.77 (up from NT$1.23 in 1Q 2024). Revenue: NT$1.43b (up 19% from 1Q 2024). Net income: NT$132.5m (up 44% from 1Q 2024). Profit margin: 9.2% (up from 7.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 110%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year.
공고 • May 03Macauto Industrial Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Macauto Industrial Co., Ltd. announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on May 09, 2025
New Risk • Apr 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$96.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (NT$3.19b market cap, or US$96.9m).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$44.95, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Auto Components industry in Taiwan. Total loss to shareholders of 28% over the past three years.
Buy Or Sell Opportunity • Mar 21Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 5.4% to NT$56.70. The fair value is estimated to be NT$47.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.3% in 2 years. Earnings are forecast to grow by 15% in the next 2 years.
Reported Earnings • Mar 18Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: NT$4.20 (down from NT$5.77 in FY 2023). Revenue: NT$5.52b (up 6.0% from FY 2023). Net income: NT$314.4m (down 27% from FY 2023). Profit margin: 5.7% (down from 8.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
공고 • Mar 12Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2025Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2025, at 09:00 Taipei Standard Time. Location: no,6, yung k`o 5th rd., yongkang district, tainan city Taiwan
공고 • Feb 27Macauto Industrial Co., Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2025Macauto Industrial Co., Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2025
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 14Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: NT$0.76 (down from NT$1.52 in 3Q 2023). Revenue: NT$1.36b (up 3.0% from 3Q 2023). Net income: NT$57.2m (down 50% from 3Q 2023). Profit margin: 4.2% (down from 8.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.
공고 • Nov 05Macauto Industrial Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024Macauto Industrial Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024
Upcoming Dividend • Aug 14Upcoming dividend of NT$3.40 per shareEligible shareholders must have bought the stock before 21 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (3.4%).
Reported Earnings • Aug 13Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$0.98 (down from NT$1.44 in 2Q 2023). Revenue: NT$1.33b (up 12% from 2Q 2023). Net income: NT$73.1m (down 32% from 2Q 2023). Profit margin: 5.5% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year.
공고 • Aug 01Macauto Industrial Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Macauto Industrial Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024
Declared Dividend • Jul 22Dividend increased to NT$3.40Dividend of NT$3.40 is 3.0% higher than last year. Ex-date: 21st August 2024 Payment date: 20th September 2024 Dividend yield will be 4.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 1.8% over the next year. However, it would need to fall by 33% to increase the payout ratio to a potentially unsustainable range.
공고 • Jun 19+ 3 more updatesMacauto Industrial Co., Ltd. Announces Changes to Audit CommitteeMacauto Industrial Co., Ltd. announced changes to Audit Committee. Name of the previous position holder: Wu, Ya Chuan, Chiu, Fang Tsai, Lai, Wei Hsiang, Chen, Fa Chiang. Resume of the previous position holder: Chen, Fa Chiang:Director of LI-XIANG ELECTRONICS CO., LTD. Name of the new position holder: Wu, Ya Chuan, Chiu, Fang Tsai, Lai, Wei Hsiang, Yang, Chih Yuan. Resume of the new position holder: Wu, Ya Chuan:Chief of the Accounting Firm at Wu Ya Chuan Accounting Firm. Chiu, Fang Tsai:Chief of the Accounting Firm of Qingxin CPA Firm. Lai, Wei Hsiang:Vice Director of Building Performance Evaluation Center, National Cheng Kung University Research and Development Foundation. Yang, Chih Yuan:CEO of GE TECHNOLOGY INC. Reason for the change: term expired. Effective date of the new appointment is June 18, 2024. Original term is from August 26, 2021 to August 25, 2024.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$1.23 (vs NT$1.35 in 1Q 2023)First quarter 2024 results: EPS: NT$1.23 (down from NT$1.35 in 1Q 2023). Revenue: NT$1.21b (down 1.2% from 1Q 2023). Net income: NT$92.1m (down 8.8% from 1Q 2023). Profit margin: 7.6% (down from 8.2% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.
공고 • May 03Macauto Industrial Co., Ltd. to Report Q1, 2024 Results on May 03, 2024Macauto Industrial Co., Ltd. announced that they will report Q1, 2024 results on May 03, 2024
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$5.77 (vs NT$5.50 in FY 2022)Full year 2023 results: EPS: NT$5.77 (up from NT$5.50 in FY 2022). Revenue: NT$5.21b (up 7.4% from FY 2022). Net income: NT$432.2m (up 4.9% from FY 2022). Profit margin: 8.3% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. 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 9% per year.
공고 • Mar 09Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2024Macauto Industrial Co., Ltd., Annual General Meeting, Jun 18, 2024. Location: No. 6, Yongke 5th Rd, Yongkang Dist., Tainan City 710, R.O.C. Tainan City Taiwan Agenda: To consider 2023 Business Report; To consider Audit Committees Review Report on 2023 Financial Statements; To consider Report on 2023 employees' and directors' remuneration; To consider 2023 Earnings Distribution-Cash Dividend Report.
Board Change • Jan 24Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (3 non-independent 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: Minority of independent directors. Insufficient board refreshment.
공고 • Nov 17Macauto Industrial Co., Ltd. Announces Change of Corporate Director's RepresentativeMacauto Industrial Co., Ltd. announced the change of corporate director's representative. Name of the previous position holder: Hsu Fang Ming. Resume of the previous position holder: Director's representative of Tayih Kenmos Auto Parts Co., Ltd. Name of the new position holder: Cheng Ching Hsiang. Resume of the new position holder: Director's representative of Tayih Kenmos Auto Parts Co., Ltd. Effective date of the new appointment is November 15, 2023.
Upcoming Dividend • Aug 15Upcoming dividend of NT$3.30 per share at 4.2% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (3.3%).
Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: NT$1.44 (vs NT$0.74 in 2Q 2022)Second quarter 2023 results: EPS: NT$1.44 (up from NT$0.74 in 2Q 2022). Revenue: NT$1.20b (up 20% from 2Q 2022). Net income: NT$108.1m (up 95% from 2Q 2022). Profit margin: 9.0% (up from 5.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Mar 31Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: NT$5.50 (up from NT$5.33 in FY 2021). Revenue: NT$4.85b (up 1.6% from FY 2021). Net income: NT$412.0m (up 3.1% from FY 2021). Profit margin: 8.5% (up from 8.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
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. 5 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 10Third quarter 2022 earnings released: EPS: NT$1.78 (vs NT$0.89 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.78 (up from NT$0.89 in 3Q 2021). Revenue: NT$1.27b (up 17% from 3Q 2021). Net income: NT$133.2m (up 99% from 3Q 2021). Profit margin: 11% (up from 6.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Auto Components industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year.
Buying Opportunity • Oct 13Now 23% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$79.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 23% in a year. Earnings is forecast to grow by 116% in the next year.
Buying Opportunity • Sep 19Now 21% undervaluedOver the last 90 days, the stock is up 3.1%. The fair value is estimated to be NT$85.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.2% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 23% in a year. Earnings is forecast to grow by 116% in the next year.
Upcoming Dividend • Aug 31Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 07 September 2022. Payment date: 07 October 2022. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (6.5%). Higher than average of industry peers (2.6%).
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$0.74 (vs NT$1.52 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.74 (down from NT$1.52 in 2Q 2021). Revenue: NT$997.5m (down 20% from 2Q 2021). Net income: NT$55.4m (down 51% from 2Q 2021). Profit margin: 5.6% (down from 9.2% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 19%, compared to a 16% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$1.16 (down from NT$1.75 in 1Q 2021). Revenue: NT$1.14b (down 13% from 1Q 2021). Net income: NT$86.7m (down 34% from 1Q 2021). Profit margin: 7.6% (down from 10.0% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 6.4%, compared to a 6.5% growth forecast for the industry in Taiwan. 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 6% per year.
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. 5 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.
Major Estimate Revision • Nov 27Consensus EPS estimates fall to NT$5.63The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from NT$5.29b to NT$4.89b. EPS estimate also fell from NT$6.97 to NT$5.63. Net income forecast to grow 9.8% next year vs 33% growth forecast for Auto Components industry in Taiwan. Consensus price target down from NT$107 to NT$99.25. Share price fell 4.2% to NT$78.20 over the past week.
Price Target Changed • Nov 26Price target decreased to NT$99.25Down from NT$112, the current price target is an average from 3 analysts. New target price is 27% above last closing price of NT$78.20. Stock is down 13% over the past year. The company is forecast to post earnings per share of NT$5.63 for next year compared to NT$6.69 last year.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.90 (vs NT$1.97 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.08b (down 14% from 3Q 2020). Net income: NT$66.8m (down 55% from 3Q 2020). Profit margin: 6.2% (down from 12% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 31Upcoming dividend of NT$4.70 per shareEligible shareholders must have bought the stock before 07 September 2021. Payment date: 08 October 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.6%).
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$1.51 (vs NT$0.93 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.24b (up 43% from 2Q 2020). Net income: NT$113.7m (up 63% from 2Q 2020). Profit margin: 9.2% (up from 8.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year.
Reported Earnings • May 13First quarter 2021 earnings released: EPS NT$1.75 (vs NT$0.97 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.31b (up 24% from 1Q 2020). Net income: NT$130.8m (up 80% from 1Q 2020). Profit margin: 10.0% (up from 6.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year.
분석 기사 • Apr 16Could Macauto Industrial Co., Ltd. (GTSM:9951) Have The Makings Of Another Dividend Aristocrat?Today we'll take a closer look at Macauto Industrial Co., Ltd. ( GTSM:9951 ) from a dividend investor's perspective...
분석 기사 • Mar 31Investors Can Find Comfort In Macauto Industrial's (GTSM:9951) Earnings QualityMacauto Industrial Co., Ltd.'s ( GTSM:9951 ) recent soft profit numbers didn't appear to worry shareholders. Our...
Major Estimate Revision • Mar 31Consensus EPS estimates increase to NT$8.54The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from NT$5.57b to NT$5.92b. EPS estimate increased from NT$7.70 to NT$8.54 per share. Net income forecast to grow 28% next year vs 88% growth forecast for Auto Components industry in Taiwan. Consensus price target up from NT$109 to NT$114. Share price rose 7.4% to NT$104 over the past week.
Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$6.69 (vs NT$7.53 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: NT$4.64b (down 20% from FY 2019). Net income: NT$501.1m (down 11% from FY 2019). Profit margin: 11% (up from 9.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year.
Is New 90 Day High Low • Dec 31New 90-day high: NT$91.30The company is up 22% from its price of NT$74.60 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$142 per share.
분석 기사 • Dec 24Here's Why Macauto Industrial (GTSM:9951) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Dec 01What Type Of Returns Would Macauto Industrial's(GTSM:9951) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?Macauto Industrial Co., Ltd. (GTSM:9951) shareholders should be happy to see the share price up 16% in the last month...
Price Target Changed • Nov 15Price target raised to NT$99.00Up from NT$90.60, the current price target is an average from 5 analysts. The new target price is 12% above the current share price of NT$88.50. As of last close, the stock is down 3.8% over the past year.
Analyst Estimate Surprise Post Earnings • Nov 11Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 18%. Over the next year, revenue is forecast to grow 13%, compared to a 13% growth forecast for the Auto Components industry in Taiwan.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS NT$1.97The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.25b (down 13% from 3Q 2019). Net income: NT$147.9m (up 20% from 3Q 2019). Profit margin: 12% (up from 8.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 18% per year.
Price Target Changed • Oct 14Price target raised to NT$90.60Up from NT$84.32, the current price target is an average from 5 analysts. The new target price is 20% above the current share price of NT$75.70. As of last close, the stock is down 22% over the past year.