View ValuationC Sun Mfg 향후 성장Future 기준 점검 5/6C Sun Mfg은 연간 수입과 매출이 각각 41.5%와 30.6% 증가할 것으로 예상되고 EPS는 연간 39.9%만큼 증가할 것으로 예상됩니다.핵심 정보41.5%이익 성장률39.86%EPS 성장률Machinery 이익 성장31.8%매출 성장률30.6%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트14 Jul 2026최근 향후 성장 업데이트Major Estimate Revision • Jul 15Consensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$10.1b to NT$11.5b. EPS estimate increased from NT$13.13 to NT$16.23 per share. Net income forecast to grow 129% next year vs 94% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$495 to NT$529. Share price rose 6.7% to NT$589 over the past week.Major Estimate Revision • Apr 10Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$9.51 to NT$11.24. Revenue forecast unchanged at NT$9.70b. Net income forecast to grow 100% next year vs 79% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$388 to NT$438. Share price rose 38% to NT$542 over the past week.Major Estimate Revision • Mar 01Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$8.14b to NT$9.30b. EPS estimate increased from NT$9.09 to NT$9.91 per share. Net income forecast to grow 71% next year vs 52% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$272 to NT$347. Share price rose 18% to NT$321 over the past week.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • Jul 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$460, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Machinery industry in Taiwan. Total returns to shareholders of 930% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$790 per share.Major Estimate Revision • Jul 15Consensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$10.1b to NT$11.5b. EPS estimate increased from NT$13.13 to NT$16.23 per share. Net income forecast to grow 129% next year vs 94% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$495 to NT$529. Share price rose 6.7% to NT$589 over the past week.Valuation Update With 7 Day Price Move • Jul 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$556, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 30x in the Machinery industry in Taiwan. Total returns to shareholders of 1,177% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$772 per share.New Risk • Jul 07New 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 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (25% accrual ratio).Buy Or Sell Opportunity • Jun 26Now 21% undervaluedOver the last 90 days, the stock has risen 35% to NT$561. The fair value is estimated to be NT$710, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 50% in a year. Earnings are forecast to grow by 87% in the next year.Upcoming Dividend • Jun 11Upcoming dividend of NT$5.50 per shareEligible shareholders must have bought the stock before 18 June 2026. Payment date: 13 July 2026. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (1.8%).Buy Or Sell Opportunity • Jun 10Now 24% undervaluedOver the last 90 days, the stock has risen 48% to NT$540. The fair value is estimated to be NT$707, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 93% in 2 years. Earnings are forecast to grow by 203% in the next 2 years.Reported Earnings • May 09First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$3.00 (up from NT$1.00 in 1Q 2025). Revenue: NT$2.26b (up 73% from 1Q 2025). Net income: NT$466.2m (up 210% from 1Q 2025). Profit margin: 21% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 127% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • May 08Now 21% undervaluedOver the last 90 days, the stock has risen 96% to NT$537. The fair value is estimated to be NT$682, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 93% in 2 years. Earnings are forecast to grow by 203% in the next 2 years.New Risk • Apr 27New 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 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (28% accrual ratio).Buy Or Sell Opportunity • Apr 23Now 22% undervaluedOver the last 90 days, the stock has risen 127% to NT$538. The fair value is estimated to be NT$692, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 93% in 2 years. Earnings are forecast to grow by 203% in the next 2 years.Major Estimate Revision • Apr 10Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$9.51 to NT$11.24. Revenue forecast unchanged at NT$9.70b. Net income forecast to grow 100% next year vs 79% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$388 to NT$438. Share price rose 38% to NT$542 over the past week.New Risk • Mar 09New 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 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). High level of non-cash earnings (28% accrual ratio).Reported Earnings • Mar 04Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$5.50 (up from NT$4.80 in FY 2024). Revenue: NT$6.10b (up 27% from FY 2024). Net income: NT$830.6m (up 16% from FY 2024). Profit margin: 14% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.6%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Mar 01Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$8.14b to NT$9.30b. EPS estimate increased from NT$9.09 to NT$9.91 per share. Net income forecast to grow 71% next year vs 52% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$272 to NT$347. Share price rose 18% to NT$321 over the past week.공고 • Feb 26C Sun Mfg Ltd., Annual General Meeting, May 22, 2026C Sun Mfg Ltd., Annual General Meeting, May 22, 2026. Location: b1 floor no,266, sec.1 wen hua 2nd rd., linkou district, new taipei city TaiwanValuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$321, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 38x in the Machinery industry in Taiwan. Total returns to shareholders of 666% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$566 per share.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$276, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 34x in the Machinery industry in Taiwan. Total returns to shareholders of 602% over the past three years.Buy Or Sell Opportunity • Jan 05Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 45% to NT$280. The fair value is estimated to be NT$228, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 110% in the next 2 years.Board Change • Dec 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Representative Director Yu-Yuan Liang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$205, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 27x in the Machinery industry in Taiwan. Total returns to shareholders of 406% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$222 per share.Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$1.40 (vs NT$1.10 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.40 (up from NT$1.10 in 3Q 2024). Revenue: NT$1.54b (up 46% from 3Q 2024). Net income: NT$211.6m (up 28% from 3Q 2024). Profit margin: 14% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$201, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total returns to shareholders of 388% over the past three years.Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$168, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 307% over the past three years.Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: NT$1.37 (vs NT$1.25 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.37 (up from NT$1.25 in 2Q 2024). Revenue: NT$1.51b (up 12% from 2Q 2024). Net income: NT$207.2m (up 11% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.공고 • May 28C Sun Mfg Ltd. Approves the Election of New DirectorsC Sun Mfg Ltd. held its AGM on May 27, 2025, approved the election of New directors: Morrison Liang; Zhen Sheng Co., LTD. Representative: Yu-Yuan Liang; Gallant Precision Machining (GPM) Co., LTD. Representative: Lu Yen; Newly-elected independent directors: Shu Hsien Lin; Jack Liu; Ray Tsao; Wanjiun Liao.New Risk • May 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.8% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Dividend per share is over 6x cash flows per share. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change).Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$166, the stock trades at a trailing P/E ratio of 35.7x. Average forward P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 363% over the past three years.Upcoming Dividend • May 21Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 28 May 2025. Payment date: 20 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.9%).Reported Earnings • May 10First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: NT$1.00 (down from NT$1.15 in 1Q 2024). Revenue: NT$1.31b (up 21% from 1Q 2024). Net income: NT$150.3m (down 13% from 1Q 2024). Profit margin: 12% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 43%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$144, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 297% over the past three years.공고 • Apr 10C Sun Mfg Ltd. Approves Cash Dividend for the Fiscal Year 2024, Payable on June 20, 2025On April 8, 2025, the board of directors of C Sun Mfg Ltd. approved cash dividend of TWD 751,645,870 or TWD 5 per share, payable on June 20, 2025. Ex-rights (ex-dividend) trading date is May 28, 2025. Ex-rights (ex-dividend) record date is June 3, 2025. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is April 8, 2025. Reason for the change: Due to the transfer of treasury shares to employees, it has affected the outstanding shares.Declared Dividend • Apr 10Dividend of NT$5.00 announcedShareholders will receive a dividend of NT$5.00. Ex-date: 28th May 2025 Payment date: 20th June 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (139% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.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$122, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 226% over the past three years.분석 기사 • Mar 27C Sun Mfg Ltd.'s (TWSE:2467) Earnings Haven't Escaped The Attention Of InvestorsWith a price-to-earnings (or "P/E") ratio of 33.6x C Sun Mfg Ltd. ( TWSE:2467 ) may be sending very bearish signals at...Reported Earnings • Mar 03Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: NT$4.80 (up from NT$3.12 in FY 2023). Revenue: NT$4.82b (up 33% from FY 2023). Net income: NT$719.2m (up 48% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. 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 52% per year, which means it is well ahead of earnings.공고 • Feb 26+ 1 more updateC Sun Mfg Ltd., Annual General Meeting, May 27, 2025C Sun Mfg Ltd., Annual General Meeting, May 27, 2025. Location: b1 floor no,266, sec.1 wen hua 2nd rd., linkou district, new taipei city Taiwan공고 • Feb 18C Sun Mfg Ltd. to Report Fiscal Year 2024 Results on Feb 25, 2025C Sun Mfg Ltd. announced that they will report fiscal year 2024 results at 1:30 PM, Taipei Standard Time on Feb 25, 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 Share price has been volatile over the past 3 months (7.1% average weekly change).분석 기사 • Nov 27Be Wary Of C Sun Mfg (TWSE:2467) And Its Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...Reported Earnings • Nov 04Third quarter 2024 earnings released: EPS: NT$1.10 (vs NT$1.08 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.10. Revenue: NT$1.05b (up 16% from 3Q 2023). Net income: NT$165.0m (down 2.4% from 3Q 2023). Profit margin: 16% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.공고 • Oct 24C Sun Mfg Ltd. to Report Q3, 2024 Results on Oct 31, 2024C Sun Mfg Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$245, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 573% over the past three years.분석 기사 • Sep 30Is C Sun Mfg (TWSE:2467) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Aug 29C Sun Mfg Ltd.'s (TWSE:2467) 36% Share Price Surge Not Quite Adding UpDespite an already strong run, C Sun Mfg Ltd. ( TWSE:2467 ) shares have been powering on, with a gain of 36% in the...Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$249, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 503% over the past three years.Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: NT$1.25 (vs NT$0.49 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.25 (up from NT$0.49 in 2Q 2023). Revenue: NT$1.35b (up 85% from 2Q 2023). Net income: NT$187.1m (up 143% from 2Q 2023). Profit margin: 14% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 31Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$190, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 326% over the past three years.공고 • Jul 24C Sun Mfg Ltd. to Report Q2, 2024 Results on Aug 01, 2024C Sun Mfg Ltd. announced that they will report Q2, 2024 results on Aug 01, 2024분석 기사 • Jul 02C Sun Mfg Ltd. (TWSE:2467) Stock Rockets 34% As Investors Are Less Pessimistic Than ExpectedC Sun Mfg Ltd. ( TWSE:2467 ) shares have continued their recent momentum with a 34% gain in the last month alone. The...Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$159, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 260% over the past three years.분석 기사 • Jun 21C Sun Mfg (TWSE:2467) Will Want To Turn Around Its Return TrendsTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...Upcoming Dividend • May 25Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 21 June 2024. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.4%). In line with average of industry peers (2.4%).Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 27%After last week's 27% share price gain to NT$160, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 299% over the past three years.Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$1.15 (vs NT$0.83 in 1Q 2023)First quarter 2024 results: EPS: NT$1.15 (up from NT$0.83 in 1Q 2023). Revenue: NT$1.08b (up 12% from 1Q 2023). Net income: NT$172.2m (up 32% from 1Q 2023). Profit margin: 16% (up from 14% in 1Q 2023). 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 but the company’s share price has increased by 38% per year, which means it is well ahead of earnings.Declared Dividend • May 11Dividend reduced to NT$3.00Dividend of NT$3.00 is 17% lower than last year. Ex-date: 30th May 2024 Payment date: 21st June 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is well covered by cash flows (47% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.8% to bring the payout ratio under control. However, EPS has declined by 1.7% over the last 5 years so the company would need to reverse this trend.공고 • May 02C Sun Mfg Ltd. to Report Q1, 2024 Results on May 09, 2024C Sun Mfg Ltd. announced that they will report Q1, 2024 results on May 09, 2024분석 기사 • Mar 13C Sun Mfg's (TWSE:2467) Conservative Accounting Might Explain Soft EarningsThe market for C Sun Mfg Ltd.'s ( TWSE:2467 ) shares didn't move much after it posted weak earnings recently. We think...Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$115, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 22x in the Machinery industry in Taiwan. Total returns to shareholders of 199% over the past three years.Reported Earnings • Mar 07Full year 2023 earnings released: EPS: NT$3.12 (vs NT$4.59 in FY 2022)Full year 2023 results: EPS: NT$3.12 (down from NT$4.59 in FY 2022). Revenue: NT$3.63b (down 32% from FY 2022). Net income: NT$486.3m (down 32% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.공고 • Mar 07C Sun Mfg Ltd. Approves Dividend for the Year Ended December 31, 2023C Sun Mfg Ltd. approved dividend for the year ended December 31, 2023. The company has declared a cash dividend of TWD 3 for each share to its shareholders. As of March 5, 2024, with a total of 149,242,348 shares qualified for this dividend, the total disbursement will be TWD 447,727,044.공고 • Mar 06C Sun Mfg Ltd., Annual General Meeting, May 21, 2024C Sun Mfg Ltd., Annual General Meeting, May 21, 2024. Location: B1, No. 266, Sec. 1, Wenhua 2nd Rd., Linkou Dist New Taipei City Taiwan Agenda: To approve 2023 Business Report, 2023 Audit Committee's Review Report, 2023 employees' and directors' compensation, the 2023 Distribution of profits in cash, Report on the Implementation of Treasury Stock of the Company; and to consider other matters.분석 기사 • Feb 26C Sun Mfg Ltd.'s (TWSE:2467) 80% Price Boost Is Out Of Tune With EarningsC Sun Mfg Ltd. ( TWSE:2467 ) shares have continued their recent momentum with a 80% gain in the last month alone. The...Buy Or Sell Opportunity • Feb 21Now 20% undervaluedOver the last 90 days, the stock has risen 113% to NT$113. The fair value is estimated to be NT$142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$109, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 212% over the past three years.Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$80.00, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 146% over the past three years.Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$68.20, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 133% over the past three years.Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$64.00, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 142% over the past three years.Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: NT$0.49 (vs NT$1.27 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.49 (down from NT$1.27 in 2Q 2022). Revenue: NT$728.7m (down 45% from 2Q 2022). Net income: NT$77.0m (down 61% from 2Q 2022). Profit margin: 11% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year.Upcoming Dividend • May 31Upcoming dividend of NT$3.60 per share at 6.8% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 27 June 2023. Payout ratio and cash payout ratio are on the higher end at 78% and 88% respectively. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (3.2%).Reported Earnings • Mar 06Full year 2022 earnings released: EPS: NT$4.59 (vs NT$4.22 in FY 2021)Full year 2022 results: EPS: NT$4.59 (up from NT$4.22 in FY 2021). Revenue: NT$5.37b (down 6.2% from FY 2021). Net income: NT$719.0m (up 8.9% from FY 2021). Profit margin: 13% (up from 12% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.44 (vs NT$0.99 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.44 (up from NT$0.99 in 3Q 2021). Revenue: NT$1.53b (up 16% from 3Q 2021). Net income: NT$226.0m (up 46% from 3Q 2021). Profit margin: 15% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less 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. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shu-Xian Lin was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$1.44 (vs NT$0.99 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.44 (up from NT$0.99 in 3Q 2021). Revenue: NT$1.53b (up 16% from 3Q 2021). Net income: NT$226.0m (up 46% from 3Q 2021). Profit margin: 15% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 09Second quarter 2022 earnings released: EPS: NT$1.27 (vs NT$1.19 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.27 (up from NT$1.19 in 2Q 2021). Revenue: NT$1.32b (down 14% from 2Q 2021). Net income: NT$199.2m (up 6.8% from 2Q 2021). Profit margin: 15% (up from 12% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 21% per year.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$36.15, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 13x in the Machinery industry in Taiwan. Total returns to shareholders of 55% over the past three years.Buying Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be NT$53.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 17%.Upcoming Dividend • Jun 30Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (3.2%).Buying Opportunity • May 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$53.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 17%.Reported Earnings • May 03First quarter 2022 earnings released: EPS: NT$1.03 (vs NT$0.99 in 1Q 2021)First quarter 2022 results: EPS: NT$1.03 (up from NT$0.99 in 1Q 2021). Revenue: NT$1.24b (down 10% from 1Q 2021). Net income: NT$156.7m (up 3.9% from 1Q 2021). Profit margin: 13% (up from 11% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shu-Xian Lin was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Mar 23C Sun Mfg Ltd., Annual General Meeting, Jun 09, 2022C Sun Mfg Ltd., Annual General Meeting, Jun 09, 2022.Reported Earnings • Mar 18Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$4.35 (up from NT$2.88 in FY 2020). Revenue: NT$5.72b (up 40% from FY 2020). Net income: NT$660.3m (up 51% from FY 2020). Profit margin: 12% (in line with FY 2020). Revenue missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 08Third quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.86 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$1.32b (up 24% from 3Q 2020). Net income: NT$155.2m (up 19% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$1.25 (vs NT$0.56 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.53b (up 69% from 2Q 2020). Net income: NT$186.5m (up 119% from 2Q 2020). Profit margin: 12% (up from 9.4% 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 but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 27Upcoming dividend of NT$2.51 per shareEligible shareholders must have bought the stock before 03 August 2021. Payment date: 25 August 2021. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.5%).Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$58.40, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 162% over the past three years.분석 기사 • Apr 04Is C Sun Mfg Ltd. (TPE:2467) An Attractive Dividend Stock?Could C Sun Mfg Ltd. ( TPE:2467 ) be an attractive dividend share to own for the long haul? Investors are often drawn...공고 • Mar 10C Sun Mfg Ltd., Annual General Meeting, May 25, 2021C Sun Mfg Ltd., Annual General Meeting, May 25, 2021.분석 기사 • Mar 08Is C Sun Mfg (TPE:2467) A Future Multi-bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...Reported Earnings • Mar 05Full year 2020 earnings released: EPS NT$2.94 (vs NT$2.09 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$4.09b (down 7.9% from FY 2019). Net income: NT$438.8m (up 41% from FY 2019). Profit margin: 11% (up from 7.0% 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 11% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$48.40, the stock is trading at a trailing P/E ratio of 21x, up from the previous P/E ratio of 17.8x. This compares to an average P/E of 20x in the Machinery industry in Taiwan. Total returns to shareholders over the past three years are 121%.Is New 90 Day High Low • Feb 23New 90-day high: NT$48.40The company is up 43% from its price of NT$33.90 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 18% over the same period.분석 기사 • Feb 18C Sun Mfg (TPE:2467) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...이익 및 매출 성장 예측TWSE:2467 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202712,7202,7472,2443,164312/31/202611,4732,5841,13967813/31/20267,0551,146-7391,738N/A12/31/20256,102831-1,025866N/A9/30/20255,690764-296564N/A6/30/20255,208717-426250N/A3/31/20255,047697121726N/A12/31/20244,818719540874N/A9/30/20244,508634420684N/A6/30/20244,3606381,0661,314N/A3/31/20243,7395281,0101,249N/A12/31/20233,626486959988N/A9/30/20233,874514806846N/A6/30/20234,503571678731N/A3/31/20235,094693477531N/A12/31/20225,367719516612N/A9/30/20225,582750412494N/A6/30/20225,368679141313N/A3/31/20225,579666-33147N/A12/31/20215,723660232372N/A9/30/20215,579632438573N/A6/30/20215,3286079851,014N/A3/31/20214,7045061,1541,176N/A12/31/20204,0864391,4321,453N/A9/30/20203,8123431,4011,433N/A6/30/20203,709296813857N/A3/31/20204,084309929989N/A12/31/20194,438312N/A405N/A9/30/20194,855426N/A391N/A6/30/20195,371505N/A765N/A3/31/20195,513553N/A454N/A12/31/20185,700556N/A513N/A9/30/20185,546500N/A224N/A6/30/20185,371466N/A52N/A3/31/20185,204452N/A268N/A12/31/20175,003403N/A71N/A9/30/20174,767354N/A67N/A6/30/20174,392289N/A668N/A3/31/20174,085202N/A634N/A12/31/20163,885210N/A849N/A9/30/20163,663-359N/A1,295N/A6/30/20163,594-422N/A379N/A3/31/20163,626-416N/A407N/A12/31/20153,363-496N/A427N/A9/30/20153,48081N/A-117N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2467 의 연간 예상 수익 증가율(41.5%)이 saving rate(1.3%)보다 높습니다.수익 vs 시장: 2467 의 연간 수익(41.5%)이 TW 시장(26%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 2467 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 2467 의 수익(연간 30.6%)이 TW 시장(연간 21.2%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 2467 의 수익(연간 30.6%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2467의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/08 00:16종가2026/08/07 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 소스C Sun Mfg Ltd.는 3명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Licheng ZhuangCapital Securities CorporationJunhong PanKGI Securities Co. Ltd.Zhilong YenMasterlink Securities Investment Advisory
Major Estimate Revision • Jul 15Consensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$10.1b to NT$11.5b. EPS estimate increased from NT$13.13 to NT$16.23 per share. Net income forecast to grow 129% next year vs 94% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$495 to NT$529. Share price rose 6.7% to NT$589 over the past week.
Major Estimate Revision • Apr 10Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$9.51 to NT$11.24. Revenue forecast unchanged at NT$9.70b. Net income forecast to grow 100% next year vs 79% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$388 to NT$438. Share price rose 38% to NT$542 over the past week.
Major Estimate Revision • Mar 01Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$8.14b to NT$9.30b. EPS estimate increased from NT$9.09 to NT$9.91 per share. Net income forecast to grow 71% next year vs 52% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$272 to NT$347. Share price rose 18% to NT$321 over the past week.
Valuation Update With 7 Day Price Move • Jul 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$460, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Machinery industry in Taiwan. Total returns to shareholders of 930% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$790 per share.
Major Estimate Revision • Jul 15Consensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$10.1b to NT$11.5b. EPS estimate increased from NT$13.13 to NT$16.23 per share. Net income forecast to grow 129% next year vs 94% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$495 to NT$529. Share price rose 6.7% to NT$589 over the past week.
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$556, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 30x in the Machinery industry in Taiwan. Total returns to shareholders of 1,177% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$772 per share.
New Risk • Jul 07New 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 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (25% accrual ratio).
Buy Or Sell Opportunity • Jun 26Now 21% undervaluedOver the last 90 days, the stock has risen 35% to NT$561. The fair value is estimated to be NT$710, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 50% in a year. Earnings are forecast to grow by 87% in the next year.
Upcoming Dividend • Jun 11Upcoming dividend of NT$5.50 per shareEligible shareholders must have bought the stock before 18 June 2026. Payment date: 13 July 2026. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (1.8%).
Buy Or Sell Opportunity • Jun 10Now 24% undervaluedOver the last 90 days, the stock has risen 48% to NT$540. The fair value is estimated to be NT$707, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 93% in 2 years. Earnings are forecast to grow by 203% in the next 2 years.
Reported Earnings • May 09First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: NT$3.00 (up from NT$1.00 in 1Q 2025). Revenue: NT$2.26b (up 73% from 1Q 2025). Net income: NT$466.2m (up 210% from 1Q 2025). Profit margin: 21% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 127% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • May 08Now 21% undervaluedOver the last 90 days, the stock has risen 96% to NT$537. The fair value is estimated to be NT$682, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 93% in 2 years. Earnings are forecast to grow by 203% in the next 2 years.
New Risk • Apr 27New 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 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (28% accrual ratio).
Buy Or Sell Opportunity • Apr 23Now 22% undervaluedOver the last 90 days, the stock has risen 127% to NT$538. The fair value is estimated to be NT$692, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 93% in 2 years. Earnings are forecast to grow by 203% in the next 2 years.
Major Estimate Revision • Apr 10Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from NT$9.51 to NT$11.24. Revenue forecast unchanged at NT$9.70b. Net income forecast to grow 100% next year vs 79% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$388 to NT$438. Share price rose 38% to NT$542 over the past week.
New Risk • Mar 09New 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 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). High level of non-cash earnings (28% accrual ratio).
Reported Earnings • Mar 04Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: NT$5.50 (up from NT$4.80 in FY 2024). Revenue: NT$6.10b (up 27% from FY 2024). Net income: NT$830.6m (up 16% from FY 2024). Profit margin: 14% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.6%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Mar 01Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$8.14b to NT$9.30b. EPS estimate increased from NT$9.09 to NT$9.91 per share. Net income forecast to grow 71% next year vs 52% growth forecast for Machinery industry in Taiwan. Consensus price target up from NT$272 to NT$347. Share price rose 18% to NT$321 over the past week.
공고 • Feb 26C Sun Mfg Ltd., Annual General Meeting, May 22, 2026C Sun Mfg Ltd., Annual General Meeting, May 22, 2026. Location: b1 floor no,266, sec.1 wen hua 2nd rd., linkou district, new taipei city Taiwan
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$321, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 38x in the Machinery industry in Taiwan. Total returns to shareholders of 666% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$566 per share.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$276, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 34x in the Machinery industry in Taiwan. Total returns to shareholders of 602% over the past three years.
Buy Or Sell Opportunity • Jan 05Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 45% to NT$280. The fair value is estimated to be NT$228, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 110% in the next 2 years.
Board Change • Dec 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Representative Director Yu-Yuan Liang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$205, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 27x in the Machinery industry in Taiwan. Total returns to shareholders of 406% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$222 per share.
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$1.40 (vs NT$1.10 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.40 (up from NT$1.10 in 3Q 2024). Revenue: NT$1.54b (up 46% from 3Q 2024). Net income: NT$211.6m (up 28% from 3Q 2024). Profit margin: 14% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$201, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total returns to shareholders of 388% over the past three years.
Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$168, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 307% over the past three years.
Reported Earnings • Aug 07Second quarter 2025 earnings released: EPS: NT$1.37 (vs NT$1.25 in 2Q 2024)Second quarter 2025 results: EPS: NT$1.37 (up from NT$1.25 in 2Q 2024). Revenue: NT$1.51b (up 12% from 2Q 2024). Net income: NT$207.2m (up 11% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
공고 • May 28C Sun Mfg Ltd. Approves the Election of New DirectorsC Sun Mfg Ltd. held its AGM on May 27, 2025, approved the election of New directors: Morrison Liang; Zhen Sheng Co., LTD. Representative: Yu-Yuan Liang; Gallant Precision Machining (GPM) Co., LTD. Representative: Lu Yen; Newly-elected independent directors: Shu Hsien Lin; Jack Liu; Ray Tsao; Wanjiun Liao.
New Risk • May 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.8% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Dividend per share is over 6x cash flows per share. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change).
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$166, the stock trades at a trailing P/E ratio of 35.7x. Average forward P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 363% over the past three years.
Upcoming Dividend • May 21Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 28 May 2025. Payment date: 20 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.9%).
Reported Earnings • May 10First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: NT$1.00 (down from NT$1.15 in 1Q 2024). Revenue: NT$1.31b (up 21% from 1Q 2024). Net income: NT$150.3m (down 13% from 1Q 2024). Profit margin: 12% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 43%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$144, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 297% over the past three years.
공고 • Apr 10C Sun Mfg Ltd. Approves Cash Dividend for the Fiscal Year 2024, Payable on June 20, 2025On April 8, 2025, the board of directors of C Sun Mfg Ltd. approved cash dividend of TWD 751,645,870 or TWD 5 per share, payable on June 20, 2025. Ex-rights (ex-dividend) trading date is May 28, 2025. Ex-rights (ex-dividend) record date is June 3, 2025. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is April 8, 2025. Reason for the change: Due to the transfer of treasury shares to employees, it has affected the outstanding shares.
Declared Dividend • Apr 10Dividend of NT$5.00 announcedShareholders will receive a dividend of NT$5.00. Ex-date: 28th May 2025 Payment date: 20th June 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (139% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
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$122, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 226% over the past three years.
분석 기사 • Mar 27C Sun Mfg Ltd.'s (TWSE:2467) Earnings Haven't Escaped The Attention Of InvestorsWith a price-to-earnings (or "P/E") ratio of 33.6x C Sun Mfg Ltd. ( TWSE:2467 ) may be sending very bearish signals at...
Reported Earnings • Mar 03Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: NT$4.80 (up from NT$3.12 in FY 2023). Revenue: NT$4.82b (up 33% from FY 2023). Net income: NT$719.2m (up 48% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. 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 52% per year, which means it is well ahead of earnings.
공고 • Feb 26+ 1 more updateC Sun Mfg Ltd., Annual General Meeting, May 27, 2025C Sun Mfg Ltd., Annual General Meeting, May 27, 2025. Location: b1 floor no,266, sec.1 wen hua 2nd rd., linkou district, new taipei city Taiwan
공고 • Feb 18C Sun Mfg Ltd. to Report Fiscal Year 2024 Results on Feb 25, 2025C Sun Mfg Ltd. announced that they will report fiscal year 2024 results at 1:30 PM, Taipei Standard Time on Feb 25, 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 Share price has been volatile over the past 3 months (7.1% average weekly change).
분석 기사 • Nov 27Be Wary Of C Sun Mfg (TWSE:2467) And Its Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Reported Earnings • Nov 04Third quarter 2024 earnings released: EPS: NT$1.10 (vs NT$1.08 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.10. Revenue: NT$1.05b (up 16% from 3Q 2023). Net income: NT$165.0m (down 2.4% from 3Q 2023). Profit margin: 16% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.
공고 • Oct 24C Sun Mfg Ltd. to Report Q3, 2024 Results on Oct 31, 2024C Sun Mfg Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$245, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 573% over the past three years.
분석 기사 • Sep 30Is C Sun Mfg (TWSE:2467) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Aug 29C Sun Mfg Ltd.'s (TWSE:2467) 36% Share Price Surge Not Quite Adding UpDespite an already strong run, C Sun Mfg Ltd. ( TWSE:2467 ) shares have been powering on, with a gain of 36% in the...
Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$249, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 503% over the past three years.
Reported Earnings • Aug 02Second quarter 2024 earnings released: EPS: NT$1.25 (vs NT$0.49 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.25 (up from NT$0.49 in 2Q 2023). Revenue: NT$1.35b (up 85% from 2Q 2023). Net income: NT$187.1m (up 143% from 2Q 2023). Profit margin: 14% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$190, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 326% over the past three years.
공고 • Jul 24C Sun Mfg Ltd. to Report Q2, 2024 Results on Aug 01, 2024C Sun Mfg Ltd. announced that they will report Q2, 2024 results on Aug 01, 2024
분석 기사 • Jul 02C Sun Mfg Ltd. (TWSE:2467) Stock Rockets 34% As Investors Are Less Pessimistic Than ExpectedC Sun Mfg Ltd. ( TWSE:2467 ) shares have continued their recent momentum with a 34% gain in the last month alone. The...
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$159, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 260% over the past three years.
분석 기사 • Jun 21C Sun Mfg (TWSE:2467) Will Want To Turn Around Its Return TrendsTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Upcoming Dividend • May 25Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 21 June 2024. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (4.4%). In line with average of industry peers (2.4%).
Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 27%After last week's 27% share price gain to NT$160, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 299% over the past three years.
Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$1.15 (vs NT$0.83 in 1Q 2023)First quarter 2024 results: EPS: NT$1.15 (up from NT$0.83 in 1Q 2023). Revenue: NT$1.08b (up 12% from 1Q 2023). Net income: NT$172.2m (up 32% from 1Q 2023). Profit margin: 16% (up from 14% in 1Q 2023). 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 but the company’s share price has increased by 38% per year, which means it is well ahead of earnings.
Declared Dividend • May 11Dividend reduced to NT$3.00Dividend of NT$3.00 is 17% lower than last year. Ex-date: 30th May 2024 Payment date: 21st June 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is well covered by cash flows (47% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.8% to bring the payout ratio under control. However, EPS has declined by 1.7% over the last 5 years so the company would need to reverse this trend.
공고 • May 02C Sun Mfg Ltd. to Report Q1, 2024 Results on May 09, 2024C Sun Mfg Ltd. announced that they will report Q1, 2024 results on May 09, 2024
분석 기사 • Mar 13C Sun Mfg's (TWSE:2467) Conservative Accounting Might Explain Soft EarningsThe market for C Sun Mfg Ltd.'s ( TWSE:2467 ) shares didn't move much after it posted weak earnings recently. We think...
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$115, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 22x in the Machinery industry in Taiwan. Total returns to shareholders of 199% over the past three years.
Reported Earnings • Mar 07Full year 2023 earnings released: EPS: NT$3.12 (vs NT$4.59 in FY 2022)Full year 2023 results: EPS: NT$3.12 (down from NT$4.59 in FY 2022). Revenue: NT$3.63b (down 32% from FY 2022). Net income: NT$486.3m (down 32% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Mar 07C Sun Mfg Ltd. Approves Dividend for the Year Ended December 31, 2023C Sun Mfg Ltd. approved dividend for the year ended December 31, 2023. The company has declared a cash dividend of TWD 3 for each share to its shareholders. As of March 5, 2024, with a total of 149,242,348 shares qualified for this dividend, the total disbursement will be TWD 447,727,044.
공고 • Mar 06C Sun Mfg Ltd., Annual General Meeting, May 21, 2024C Sun Mfg Ltd., Annual General Meeting, May 21, 2024. Location: B1, No. 266, Sec. 1, Wenhua 2nd Rd., Linkou Dist New Taipei City Taiwan Agenda: To approve 2023 Business Report, 2023 Audit Committee's Review Report, 2023 employees' and directors' compensation, the 2023 Distribution of profits in cash, Report on the Implementation of Treasury Stock of the Company; and to consider other matters.
분석 기사 • Feb 26C Sun Mfg Ltd.'s (TWSE:2467) 80% Price Boost Is Out Of Tune With EarningsC Sun Mfg Ltd. ( TWSE:2467 ) shares have continued their recent momentum with a 80% gain in the last month alone. The...
Buy Or Sell Opportunity • Feb 21Now 20% undervaluedOver the last 90 days, the stock has risen 113% to NT$113. The fair value is estimated to be NT$142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$109, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 212% over the past three years.
Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$80.00, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 146% over the past three years.
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$68.20, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 133% over the past three years.
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$64.00, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 142% over the past three years.
Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: NT$0.49 (vs NT$1.27 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.49 (down from NT$1.27 in 2Q 2022). Revenue: NT$728.7m (down 45% from 2Q 2022). Net income: NT$77.0m (down 61% from 2Q 2022). Profit margin: 11% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year.
Upcoming Dividend • May 31Upcoming dividend of NT$3.60 per share at 6.8% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 27 June 2023. Payout ratio and cash payout ratio are on the higher end at 78% and 88% respectively. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (3.2%).
Reported Earnings • Mar 06Full year 2022 earnings released: EPS: NT$4.59 (vs NT$4.22 in FY 2021)Full year 2022 results: EPS: NT$4.59 (up from NT$4.22 in FY 2021). Revenue: NT$5.37b (down 6.2% from FY 2021). Net income: NT$719.0m (up 8.9% from FY 2021). Profit margin: 13% (up from 12% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.44 (vs NT$0.99 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.44 (up from NT$0.99 in 3Q 2021). Revenue: NT$1.53b (up 16% from 3Q 2021). Net income: NT$226.0m (up 46% from 3Q 2021). Profit margin: 15% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less 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. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shu-Xian Lin was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$1.44 (vs NT$0.99 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.44 (up from NT$0.99 in 3Q 2021). Revenue: NT$1.53b (up 16% from 3Q 2021). Net income: NT$226.0m (up 46% from 3Q 2021). Profit margin: 15% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 09Second quarter 2022 earnings released: EPS: NT$1.27 (vs NT$1.19 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.27 (up from NT$1.19 in 2Q 2021). Revenue: NT$1.32b (down 14% from 2Q 2021). Net income: NT$199.2m (up 6.8% from 2Q 2021). Profit margin: 15% (up from 12% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 21% per year.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$36.15, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 13x in the Machinery industry in Taiwan. Total returns to shareholders of 55% over the past three years.
Buying Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be NT$53.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 17%.
Upcoming Dividend • Jun 30Upcoming dividend of NT$3.00 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (3.2%).
Buying Opportunity • May 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$53.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 17%.
Reported Earnings • May 03First quarter 2022 earnings released: EPS: NT$1.03 (vs NT$0.99 in 1Q 2021)First quarter 2022 results: EPS: NT$1.03 (up from NT$0.99 in 1Q 2021). Revenue: NT$1.24b (down 10% from 1Q 2021). Net income: NT$156.7m (up 3.9% from 1Q 2021). Profit margin: 13% (up from 11% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shu-Xian Lin was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Mar 23C Sun Mfg Ltd., Annual General Meeting, Jun 09, 2022C Sun Mfg Ltd., Annual General Meeting, Jun 09, 2022.
Reported Earnings • Mar 18Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$4.35 (up from NT$2.88 in FY 2020). Revenue: NT$5.72b (up 40% from FY 2020). Net income: NT$660.3m (up 51% from FY 2020). Profit margin: 12% (in line with FY 2020). Revenue missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 08Third quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.86 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$1.32b (up 24% from 3Q 2020). Net income: NT$155.2m (up 19% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$1.25 (vs NT$0.56 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.53b (up 69% from 2Q 2020). Net income: NT$186.5m (up 119% from 2Q 2020). Profit margin: 12% (up from 9.4% 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 but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 27Upcoming dividend of NT$2.51 per shareEligible shareholders must have bought the stock before 03 August 2021. Payment date: 25 August 2021. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.5%).
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$58.40, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 162% over the past three years.
분석 기사 • Apr 04Is C Sun Mfg Ltd. (TPE:2467) An Attractive Dividend Stock?Could C Sun Mfg Ltd. ( TPE:2467 ) be an attractive dividend share to own for the long haul? Investors are often drawn...
공고 • Mar 10C Sun Mfg Ltd., Annual General Meeting, May 25, 2021C Sun Mfg Ltd., Annual General Meeting, May 25, 2021.
분석 기사 • Mar 08Is C Sun Mfg (TPE:2467) A Future Multi-bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Reported Earnings • Mar 05Full year 2020 earnings released: EPS NT$2.94 (vs NT$2.09 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$4.09b (down 7.9% from FY 2019). Net income: NT$438.8m (up 41% from FY 2019). Profit margin: 11% (up from 7.0% 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 11% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$48.40, the stock is trading at a trailing P/E ratio of 21x, up from the previous P/E ratio of 17.8x. This compares to an average P/E of 20x in the Machinery industry in Taiwan. Total returns to shareholders over the past three years are 121%.
Is New 90 Day High Low • Feb 23New 90-day high: NT$48.40The company is up 43% from its price of NT$33.90 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 18% over the same period.
분석 기사 • Feb 18C Sun Mfg (TPE:2467) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...