View Financial HealthApex Science & Engineering 배당 및 자사주 매입배당 기준 점검 5/6Apex Science & Engineering 수익으로 충분히 충당되는 현재 수익률 5.63% 보유한 배당금 지급 회사입니다.핵심 정보5.6%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률-0.01%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향63%최근 배당 및 자사주 매입 업데이트Declared Dividend • Aug 15Dividend of NT$0.50 announcedShareholders will receive a dividend of NT$0.50. Ex-date: 29th August 2025 Payment date: 24th September 2025 Dividend yield will be 4.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Aug 19Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.6%).분석 기사 • Aug 10Apex Science & Engineering (TWSE:3052) Will Pay A Dividend Of NT$0.40Apex Science & Engineering Corp. ( TWSE:3052 ) has announced that it will pay a dividend of NT$0.40 per share on the...Declared Dividend • Aug 09Dividend of NT$0.40 announcedShareholders will receive a dividend of NT$0.40. Ex-date: 23rd August 2024 Payment date: 19th September 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Aug 21Upcoming dividend of NT$0.40 per share at 3.2% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (5.5%).Upcoming Dividend • Sep 22Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (5.7%).모든 업데이트 보기Recent updatesNew Risk • May 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 7.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (NT$2.15b market cap, or US$68.2m).Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$0.19 (vs NT$0.34 in 1Q 2025)First quarter 2026 results: EPS: NT$0.19 (down from NT$0.34 in 1Q 2025). Revenue: NT$871.1m (up 13% from 1Q 2025). Net income: NT$39.1m (down 44% from 1Q 2025). Profit margin: 4.5% (down from 9.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year.New Risk • Apr 05New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.23b market cap, or US$69.8m).Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$1.10 (vs NT$0.98 in FY 2024)Full year 2025 results: EPS: NT$1.10 (up from NT$0.98 in FY 2024). Revenue: NT$3.42b (up 29% from FY 2024). Net income: NT$224.2m (up 12% from FY 2024). Profit margin: 6.6% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.공고 • Mar 12Apex Science & Engineering Corp., Annual General Meeting, Jun 09, 2026Apex Science & Engineering Corp., Annual General Meeting, Jun 09, 2026, at 09:00 Taipei Standard Time. Location: 4 floor no,112, hsin min st., jhonghe district, new taipei city TaiwanNew Risk • Nov 29New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 47% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risks High level of debt (47% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.34b market cap, or US$74.4m).Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: NT$0.29 (vs NT$0.24 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.29 (up from NT$0.24 in 3Q 2024). Revenue: NT$731.6m (up 27% from 3Q 2024). Net income: NT$58.5m (up 18% from 3Q 2024). Profit margin: 8.0% (down from 8.6% 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 and the company’s share price has also increased by 5% per year.New Risk • Sep 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.34b market cap, or US$77.2m).Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.21 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.32 (up from NT$0.21 in 2Q 2024). Revenue: NT$1.14b (up 53% from 2Q 2024). Net income: NT$65.8m (up 51% from 2Q 2024). Profit margin: 5.7% (down from 5.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year.Declared Dividend • Aug 15Dividend of NT$0.50 announcedShareholders will receive a dividend of NT$0.50. Ex-date: 29th August 2025 Payment date: 24th September 2025 Dividend yield will be 4.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • May 31New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 91% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks High level of debt (91% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.65b market cap, or US$88.4m).Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.27 in 1Q 2024)First quarter 2025 results: EPS: NT$0.34 (up from NT$0.27 in 1Q 2024). Revenue: NT$768.2m (up 10% from 1Q 2024). Net income: NT$70.2m (up 26% from 1Q 2024). Profit margin: 9.1% (up from 8.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year.공고 • May 07Apex Science & Engineering Corp. to Report Q1, 2025 Results on May 14, 2025Apex Science & Engineering Corp. announced that they will report Q1, 2025 results on May 14, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$9.99, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 16x in the Construction industry in Taiwan. Total returns to shareholders of 9.2% over the past three years.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.98 (vs NT$1.02 in FY 2023)Full year 2024 results: EPS: NT$0.98 (down from NT$1.02 in FY 2023). Revenue: NT$2.66b (down 24% from FY 2023). Net income: NT$199.7m (down 2.5% from FY 2023). Profit margin: 7.5% (up from 5.9% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공고 • Mar 14Apex Science & Engineering Corp., Annual General Meeting, Jun 11, 2025Apex Science & Engineering Corp., Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: 9 floor no,504, yun shan rd., jhonghe district, new taipei city Taiwan공고 • Mar 05Apex Science & Engineering Corp. to Report Fiscal Year 2024 Results on Mar 12, 2025Apex Science & Engineering Corp. announced that they will report fiscal year 2024 results on Mar 12, 2025분석 기사 • Nov 21Investors Can Find Comfort In Apex Science & Engineering's (TWSE:3052) Earnings QualitySoft earnings didn't appear to concern Apex Science & Engineering Corp.'s ( TWSE:3052 ) shareholders over the last...Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.24 (vs NT$0.21 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.24 (up from NT$0.21 in 3Q 2023). Revenue: NT$578.2m (down 27% from 3Q 2023). Net income: NT$49.6m (up 16% from 3Q 2023). Profit margin: 8.6% (up from 5.4% in 3Q 2023). 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 but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 19Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.6%).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.29 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.22 (down from NT$0.29 in 2Q 2023). Revenue: NT$747.0m (down 21% from 2Q 2023). Net income: NT$43.5m (down 24% from 2Q 2023). Profit margin: 5.8% (down from 6.1% in 2Q 2023). The decrease in margin was driven by lower revenue. 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 5% per year, which means it is significantly lagging earnings growth.분석 기사 • Aug 10Apex Science & Engineering (TWSE:3052) Will Pay A Dividend Of NT$0.40Apex Science & Engineering Corp. ( TWSE:3052 ) has announced that it will pay a dividend of NT$0.40 per share on the...Declared Dividend • Aug 09Dividend of NT$0.40 announcedShareholders will receive a dividend of NT$0.40. Ex-date: 23rd August 2024 Payment date: 19th September 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.분석 기사 • Aug 07The Return Trends At Apex Science & Engineering (TWSE:3052) Look PromisingIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...공고 • Jul 31Apex Science & Engineering Corp. to Report Q2, 2024 Results on Aug 07, 2024Apex Science & Engineering Corp. announced that they will report Q2, 2024 results on Aug 07, 2024공고 • May 02Apex Science & Engineering Corp. to Report Q1, 2024 Results on May 09, 2024Apex Science & Engineering Corp. announced that they will report Q1, 2024 results on May 09, 2024분석 기사 • Mar 22Apex Science & Engineering's (TWSE:3052) Conservative Accounting Might Explain Soft EarningsThe market for Apex Science & Engineering Corp.'s ( TWSE:3052 ) shares didn't move much after it posted weak earnings...New Risk • Mar 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (NT$2.55b market cap, or US$79.9m).Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$1.04 (vs NT$1.03 in FY 2022)Full year 2023 results: EPS: NT$1.04. Revenue: NT$3.48b (up 18% from FY 2022). Net income: NT$204.8m (down 1.0% from FY 2022). Profit margin: 5.9% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses.공고 • Mar 15Apex Science & Engineering Corp., Annual General Meeting, Jun 13, 2024Apex Science & Engineering Corp., Annual General Meeting, Jun 13, 2024. Location: 9F,NO.504 Yuanshan Road Zhonghe District New Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee Review Report; to consider 2023 Remuneration Distribution to Employees and Directors; and to discuss other matters.New Risk • Nov 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.19b market cap, or US$68.6m).New Risk • Aug 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.40b market cap, or US$75.4m).Upcoming Dividend • Aug 21Upcoming dividend of NT$0.40 per share at 3.2% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (5.5%).New Risk • Aug 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.40b market cap, or US$75.1m).공고 • Aug 11Apex Science & Engineering Corp. Announces the Appointment of Wang Wei-Cheng as Member to the Remuneration CommitteeApex Science & Engineering Corp. announced the appointment of Wang Wei-Cheng as member to the Remuneration Committee. Resume of the new position holder: Consultant of Fareast Land Development Co. Ltd. Reason for the change: add a new member to the Remuneration Committee. Effective date of the new member: August 10, 2023.공고 • Jun 28Apex Science & Engineering Corp. Appoints Wang Wei-Cheng as an Additional Independent DirectorApex Science & Engineering Corp. announced the election result of an additional independent director. Title and name of the new position holder: Wang Wei-Cheng. The tenure of the new appointment is from June 26, 2023, to July 19, 2024. The effective date of the new appointment is on June 26, 2023.Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$1.05 (vs NT$0.52 in FY 2021)Full year 2022 results: EPS: NT$1.05 (up from NT$0.52 in FY 2021). Revenue: NT$2.95b (down 18% from FY 2021). Net income: NT$206.9m (up 101% from FY 2021). Profit margin: 7.0% (up from 2.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.015 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.27 (up from NT$0.015 in 3Q 2021). Revenue: NT$647.9m (down 15% from 3Q 2021). Net income: NT$53.4m (up NT$50.4m from 3Q 2021). Profit margin: 8.2% (up from 0.4% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year.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. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Nai-Hua Wu was the last independent director to join the board, commencing their role in 2015. 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 13Third quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.015 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.27 (up from NT$0.015 in 3Q 2021). Revenue: NT$647.9m (down 15% from 3Q 2021). Net income: NT$53.4m (up NT$50.4m from 3Q 2021). Profit margin: 8.2% (up from 0.4% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year.Upcoming Dividend • Sep 22Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (5.7%).공고 • Sep 16Apex Science & Engineering Corp. Revises Cash DividendApex Science & Engineering Corp. announced the resolution by the Company’s board of directors for the ex-dividend record date of cash dividends and revise the distribution ratio per share. Type and monetary amount of dividend distribution: Original: Cash dividends TWD 56,547,139 (TWD 0.25 per share) of common stock. Revised: Cash dividends TWD 56,547,139 (TWD 0.25223026 per share) of common stock. Ex-rights (ex-dividend) trading date is September 29, 2022. Ex-rights (ex-dividend) record date is October 05, 2022.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.22 (vs NT$0.16 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.22 (up from NT$0.16 in 2Q 2021). Revenue: NT$661.4m (down 48% from 2Q 2021). Net income: NT$43.5m (up 39% from 2Q 2021). Profit margin: 6.6% (up from 2.5% 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 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.24 (vs NT$0.20 in 1Q 2021)First quarter 2022 results: EPS: NT$0.24 (up from NT$0.20 in 1Q 2021). Revenue: NT$713.6m (down 13% from 1Q 2021). Net income: NT$47.9m (up 21% from 1Q 2021). Profit margin: 6.7% (up from 4.8% 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 39% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less 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. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Nai-Hua Wu was the last independent director to join the board, commencing their role in 2015. 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 • Mar 31Full year 2021 earnings released: EPS: NT$0.52 (vs NT$1.59 in FY 2020)Full year 2021 results: EPS: NT$0.52 (down from NT$1.59 in FY 2020). Revenue: NT$3.61b (down 31% from FY 2020). Net income: NT$102.7m (down 68% from FY 2020). Profit margin: 2.8% (down from 6.0% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 23Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.6%. The fair value is estimated to be NT$12.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% per annum over the last 3 years. Earnings per share has grown by 67% per annum over the last 3 years.Buying Opportunity • Jan 21Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.4%. The fair value is estimated to be NT$13.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% per annum over the last 3 years. Earnings per share has grown by 67% per annum over the last 3 years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.70 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$764.3m (down 54% from 3Q 2020). Net income: NT$3.00m (down 98% from 3Q 2020). Profit margin: 0.4% (down from 8.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 20Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 27 August 2021. Payment date: 17 September 2021. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (5.1%).Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.84 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.27b (down 32% from 2Q 2020). Net income: NT$31.3m (down 81% from 2Q 2020). Profit margin: 2.5% (down from 9.0% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.072 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$821.0m (up 43% from 1Q 2020). Net income: NT$39.6m (up NT$54.0m from 1Q 2020). Profit margin: 4.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.분석 기사 • Apr 07Investors Aren't Buying Apex Science & Engineering Corp.'s (TPE:3052) EarningsWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 21x, you may consider Apex...Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$1.59 (vs NT$0.88 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$5.22b (down 7.2% from FY 2019). Net income: NT$315.7m (up 80% from FY 2019). Profit margin: 6.0% (up from 3.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.분석 기사 • Mar 19Apex Science & Engineering Corp.'s (TPE:3052) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Most readers would already be aware that Apex Science & Engineering's (TPE:3052) stock increased significantly by 9.2...Is New 90 Day High Low • Mar 11New 90-day high: NT$13.55The company is up 8.0% from its price of NT$12.50 on 11 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 6.0% over the same period.분석 기사 • Feb 26What Can The Trends At Apex Science & Engineering (TPE:3052) Tell Us About Their Returns?What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...분석 기사 • Feb 05Is It Worth Buying Apex Science & Engineering Corp. (TPE:3052) For Its 4.1% Dividend Yield?Dividend paying stocks like Apex Science & Engineering Corp. ( TPE:3052 ) tend to be popular with investors, and for...분석 기사 • Jan 19Apex Science & Engineering (TPE:3052) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Jan 01Did You Miss Apex Science & Engineering's (TPE:3052) 53% Share Price Gain?One simple way to benefit from the stock market is to buy an index fund. But if you choose individual stocks with...분석 기사 • Dec 14Is Apex Science & Engineering Corp.'s (TPE:3052) Recent Stock Performance Influenced By Its Fundamentals In Any Way?Most readers would already be aware that Apex Science & Engineering's (TPE:3052) stock increased significantly by 6.9...Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 25% share price gain to NT$14.90, the stock is trading at a trailing P/E ratio of 5.7x, up from the previous P/E ratio of 4.6x. This compares to an average P/E of 16x in the Construction industry in Taiwan. Total returns to shareholders over the past three years are 96%.Is New 90 Day High Low • Nov 30New 90-day high: NT$13.55The company is up 9.0% from its price of NT$12.40 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 8.0% over the same period.분석 기사 • Nov 26Should You Use Apex Science & Engineering's (TPE:3052) Statutory Earnings To Analyse It?As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS NT$0.70The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.66b (up 337% from 3Q 2019). Net income: NT$138.6m (up NT$152.1m from 3Q 2019). Profit margin: 8.3% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Sep 24New 90-day low: NT$10.95The company is down 8.0% from its price of NT$11.85 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 7.0% over the same period.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 3052 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 3052 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Apex Science & Engineering 배당 수익률 vs 시장3052의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (3052)5.6%시장 하위 25% (TW)1.5%시장 상위 25% (TW)5.1%업계 평균 (Construction)3.6%분석가 예측 (3052) (최대 3년)n/a주목할만한 배당금: 3052 의 배당금( 5.63% )은 TW 시장에서 배당금 지급자의 하위 25%( 1.52% )보다 높습니다.고배당: 3052 의 배당금( 5.63% )은 TW 시장( 5.06% )주주 대상 이익 배당수익 보장: 합리적인 지급 비율 ( 63.4% )을 통해 3052 의 배당금 지급은 수익으로 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 6.7% )이 낮기 때문에 3052 의 배당금 지급은 현금 흐름으로 완전히 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/23 03:52종가2026/07/23 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 소스Apex Science & Engineering Corp.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Declared Dividend • Aug 15Dividend of NT$0.50 announcedShareholders will receive a dividend of NT$0.50. Ex-date: 29th August 2025 Payment date: 24th September 2025 Dividend yield will be 4.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Aug 19Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.6%).
분석 기사 • Aug 10Apex Science & Engineering (TWSE:3052) Will Pay A Dividend Of NT$0.40Apex Science & Engineering Corp. ( TWSE:3052 ) has announced that it will pay a dividend of NT$0.40 per share on the...
Declared Dividend • Aug 09Dividend of NT$0.40 announcedShareholders will receive a dividend of NT$0.40. Ex-date: 23rd August 2024 Payment date: 19th September 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Aug 21Upcoming dividend of NT$0.40 per share at 3.2% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (5.5%).
Upcoming Dividend • Sep 22Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (5.7%).
New Risk • May 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 7.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (NT$2.15b market cap, or US$68.2m).
Reported Earnings • May 15First quarter 2026 earnings released: EPS: NT$0.19 (vs NT$0.34 in 1Q 2025)First quarter 2026 results: EPS: NT$0.19 (down from NT$0.34 in 1Q 2025). Revenue: NT$871.1m (up 13% from 1Q 2025). Net income: NT$39.1m (down 44% from 1Q 2025). Profit margin: 4.5% (down from 9.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year.
New Risk • Apr 05New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.23b market cap, or US$69.8m).
Reported Earnings • Mar 12Full year 2025 earnings released: EPS: NT$1.10 (vs NT$0.98 in FY 2024)Full year 2025 results: EPS: NT$1.10 (up from NT$0.98 in FY 2024). Revenue: NT$3.42b (up 29% from FY 2024). Net income: NT$224.2m (up 12% from FY 2024). Profit margin: 6.6% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.
공고 • Mar 12Apex Science & Engineering Corp., Annual General Meeting, Jun 09, 2026Apex Science & Engineering Corp., Annual General Meeting, Jun 09, 2026, at 09:00 Taipei Standard Time. Location: 4 floor no,112, hsin min st., jhonghe district, new taipei city Taiwan
New Risk • Nov 29New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 47% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risks High level of debt (47% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.34b market cap, or US$74.4m).
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: NT$0.29 (vs NT$0.24 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.29 (up from NT$0.24 in 3Q 2024). Revenue: NT$731.6m (up 27% from 3Q 2024). Net income: NT$58.5m (up 18% from 3Q 2024). Profit margin: 8.0% (down from 8.6% 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 and the company’s share price has also increased by 5% per year.
New Risk • Sep 12New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.34b market cap, or US$77.2m).
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.21 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.32 (up from NT$0.21 in 2Q 2024). Revenue: NT$1.14b (up 53% from 2Q 2024). Net income: NT$65.8m (up 51% from 2Q 2024). Profit margin: 5.7% (down from 5.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year.
Declared Dividend • Aug 15Dividend of NT$0.50 announcedShareholders will receive a dividend of NT$0.50. Ex-date: 29th August 2025 Payment date: 24th September 2025 Dividend yield will be 4.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • May 31New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 91% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks High level of debt (91% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.65b market cap, or US$88.4m).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.34 (vs NT$0.27 in 1Q 2024)First quarter 2025 results: EPS: NT$0.34 (up from NT$0.27 in 1Q 2024). Revenue: NT$768.2m (up 10% from 1Q 2024). Net income: NT$70.2m (up 26% from 1Q 2024). Profit margin: 9.1% (up from 8.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year.
공고 • May 07Apex Science & Engineering Corp. to Report Q1, 2025 Results on May 14, 2025Apex Science & Engineering Corp. announced that they will report Q1, 2025 results on May 14, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$9.99, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 16x in the Construction industry in Taiwan. Total returns to shareholders of 9.2% over the past three years.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.98 (vs NT$1.02 in FY 2023)Full year 2024 results: EPS: NT$0.98 (down from NT$1.02 in FY 2023). Revenue: NT$2.66b (down 24% from FY 2023). Net income: NT$199.7m (down 2.5% from FY 2023). Profit margin: 7.5% (up from 5.9% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공고 • Mar 14Apex Science & Engineering Corp., Annual General Meeting, Jun 11, 2025Apex Science & Engineering Corp., Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: 9 floor no,504, yun shan rd., jhonghe district, new taipei city Taiwan
공고 • Mar 05Apex Science & Engineering Corp. to Report Fiscal Year 2024 Results on Mar 12, 2025Apex Science & Engineering Corp. announced that they will report fiscal year 2024 results on Mar 12, 2025
분석 기사 • Nov 21Investors Can Find Comfort In Apex Science & Engineering's (TWSE:3052) Earnings QualitySoft earnings didn't appear to concern Apex Science & Engineering Corp.'s ( TWSE:3052 ) shareholders over the last...
Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.24 (vs NT$0.21 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.24 (up from NT$0.21 in 3Q 2023). Revenue: NT$578.2m (down 27% from 3Q 2023). Net income: NT$49.6m (up 16% from 3Q 2023). Profit margin: 8.6% (up from 5.4% in 3Q 2023). 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 but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 19Upcoming dividend of NT$0.40 per shareEligible shareholders must have bought the stock before 23 August 2024. Payment date: 19 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.6%).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.29 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.22 (down from NT$0.29 in 2Q 2023). Revenue: NT$747.0m (down 21% from 2Q 2023). Net income: NT$43.5m (down 24% from 2Q 2023). Profit margin: 5.8% (down from 6.1% in 2Q 2023). The decrease in margin was driven by lower revenue. 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 5% per year, which means it is significantly lagging earnings growth.
분석 기사 • Aug 10Apex Science & Engineering (TWSE:3052) Will Pay A Dividend Of NT$0.40Apex Science & Engineering Corp. ( TWSE:3052 ) has announced that it will pay a dividend of NT$0.40 per share on the...
Declared Dividend • Aug 09Dividend of NT$0.40 announcedShareholders will receive a dividend of NT$0.40. Ex-date: 23rd August 2024 Payment date: 19th September 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
분석 기사 • Aug 07The Return Trends At Apex Science & Engineering (TWSE:3052) Look PromisingIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
공고 • Jul 31Apex Science & Engineering Corp. to Report Q2, 2024 Results on Aug 07, 2024Apex Science & Engineering Corp. announced that they will report Q2, 2024 results on Aug 07, 2024
공고 • May 02Apex Science & Engineering Corp. to Report Q1, 2024 Results on May 09, 2024Apex Science & Engineering Corp. announced that they will report Q1, 2024 results on May 09, 2024
분석 기사 • Mar 22Apex Science & Engineering's (TWSE:3052) Conservative Accounting Might Explain Soft EarningsThe market for Apex Science & Engineering Corp.'s ( TWSE:3052 ) shares didn't move much after it posted weak earnings...
New Risk • Mar 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (NT$2.55b market cap, or US$79.9m).
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$1.04 (vs NT$1.03 in FY 2022)Full year 2023 results: EPS: NT$1.04. Revenue: NT$3.48b (up 18% from FY 2022). Net income: NT$204.8m (down 1.0% from FY 2022). Profit margin: 5.9% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses.
공고 • Mar 15Apex Science & Engineering Corp., Annual General Meeting, Jun 13, 2024Apex Science & Engineering Corp., Annual General Meeting, Jun 13, 2024. Location: 9F,NO.504 Yuanshan Road Zhonghe District New Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee Review Report; to consider 2023 Remuneration Distribution to Employees and Directors; and to discuss other matters.
New Risk • Nov 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.19b market cap, or US$68.6m).
New Risk • Aug 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.40b market cap, or US$75.4m).
Upcoming Dividend • Aug 21Upcoming dividend of NT$0.40 per share at 3.2% yieldEligible shareholders must have bought the stock before 28 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (5.5%).
New Risk • Aug 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$2.40b market cap, or US$75.1m).
공고 • Aug 11Apex Science & Engineering Corp. Announces the Appointment of Wang Wei-Cheng as Member to the Remuneration CommitteeApex Science & Engineering Corp. announced the appointment of Wang Wei-Cheng as member to the Remuneration Committee. Resume of the new position holder: Consultant of Fareast Land Development Co. Ltd. Reason for the change: add a new member to the Remuneration Committee. Effective date of the new member: August 10, 2023.
공고 • Jun 28Apex Science & Engineering Corp. Appoints Wang Wei-Cheng as an Additional Independent DirectorApex Science & Engineering Corp. announced the election result of an additional independent director. Title and name of the new position holder: Wang Wei-Cheng. The tenure of the new appointment is from June 26, 2023, to July 19, 2024. The effective date of the new appointment is on June 26, 2023.
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: NT$1.05 (vs NT$0.52 in FY 2021)Full year 2022 results: EPS: NT$1.05 (up from NT$0.52 in FY 2021). Revenue: NT$2.95b (down 18% from FY 2021). Net income: NT$206.9m (up 101% from FY 2021). Profit margin: 7.0% (up from 2.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.015 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.27 (up from NT$0.015 in 3Q 2021). Revenue: NT$647.9m (down 15% from 3Q 2021). Net income: NT$53.4m (up NT$50.4m from 3Q 2021). Profit margin: 8.2% (up from 0.4% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year.
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. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Nai-Hua Wu was the last independent director to join the board, commencing their role in 2015. 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 13Third quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.015 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.27 (up from NT$0.015 in 3Q 2021). Revenue: NT$647.9m (down 15% from 3Q 2021). Net income: NT$53.4m (up NT$50.4m from 3Q 2021). Profit margin: 8.2% (up from 0.4% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year.
Upcoming Dividend • Sep 22Upcoming dividend of NT$0.25 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (5.7%).
공고 • Sep 16Apex Science & Engineering Corp. Revises Cash DividendApex Science & Engineering Corp. announced the resolution by the Company’s board of directors for the ex-dividend record date of cash dividends and revise the distribution ratio per share. Type and monetary amount of dividend distribution: Original: Cash dividends TWD 56,547,139 (TWD 0.25 per share) of common stock. Revised: Cash dividends TWD 56,547,139 (TWD 0.25223026 per share) of common stock. Ex-rights (ex-dividend) trading date is September 29, 2022. Ex-rights (ex-dividend) record date is October 05, 2022.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.22 (vs NT$0.16 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.22 (up from NT$0.16 in 2Q 2021). Revenue: NT$661.4m (down 48% from 2Q 2021). Net income: NT$43.5m (up 39% from 2Q 2021). Profit margin: 6.6% (up from 2.5% 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 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.24 (vs NT$0.20 in 1Q 2021)First quarter 2022 results: EPS: NT$0.24 (up from NT$0.20 in 1Q 2021). Revenue: NT$713.6m (down 13% from 1Q 2021). Net income: NT$47.9m (up 21% from 1Q 2021). Profit margin: 6.7% (up from 4.8% 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 39% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less 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. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Nai-Hua Wu was the last independent director to join the board, commencing their role in 2015. 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 • Mar 31Full year 2021 earnings released: EPS: NT$0.52 (vs NT$1.59 in FY 2020)Full year 2021 results: EPS: NT$0.52 (down from NT$1.59 in FY 2020). Revenue: NT$3.61b (down 31% from FY 2020). Net income: NT$102.7m (down 68% from FY 2020). Profit margin: 2.8% (down from 6.0% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 23Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.6%. The fair value is estimated to be NT$12.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% per annum over the last 3 years. Earnings per share has grown by 67% per annum over the last 3 years.
Buying Opportunity • Jan 21Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.4%. The fair value is estimated to be NT$13.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% per annum over the last 3 years. Earnings per share has grown by 67% per annum over the last 3 years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.70 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$764.3m (down 54% from 3Q 2020). Net income: NT$3.00m (down 98% from 3Q 2020). Profit margin: 0.4% (down from 8.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 20Upcoming dividend of NT$0.80 per shareEligible shareholders must have bought the stock before 27 August 2021. Payment date: 17 September 2021. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (5.1%).
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.84 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.27b (down 32% from 2Q 2020). Net income: NT$31.3m (down 81% from 2Q 2020). Profit margin: 2.5% (down from 9.0% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.072 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$821.0m (up 43% from 1Q 2020). Net income: NT$39.6m (up NT$54.0m from 1Q 2020). Profit margin: 4.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
분석 기사 • Apr 07Investors Aren't Buying Apex Science & Engineering Corp.'s (TPE:3052) EarningsWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") above 21x, you may consider Apex...
Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$1.59 (vs NT$0.88 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$5.22b (down 7.2% from FY 2019). Net income: NT$315.7m (up 80% from FY 2019). Profit margin: 6.0% (up from 3.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
분석 기사 • Mar 19Apex Science & Engineering Corp.'s (TPE:3052) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Most readers would already be aware that Apex Science & Engineering's (TPE:3052) stock increased significantly by 9.2...
Is New 90 Day High Low • Mar 11New 90-day high: NT$13.55The company is up 8.0% from its price of NT$12.50 on 11 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 6.0% over the same period.
분석 기사 • Feb 26What Can The Trends At Apex Science & Engineering (TPE:3052) Tell Us About Their Returns?What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
분석 기사 • Feb 05Is It Worth Buying Apex Science & Engineering Corp. (TPE:3052) For Its 4.1% Dividend Yield?Dividend paying stocks like Apex Science & Engineering Corp. ( TPE:3052 ) tend to be popular with investors, and for...
분석 기사 • Jan 19Apex Science & Engineering (TPE:3052) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Jan 01Did You Miss Apex Science & Engineering's (TPE:3052) 53% Share Price Gain?One simple way to benefit from the stock market is to buy an index fund. But if you choose individual stocks with...
분석 기사 • Dec 14Is Apex Science & Engineering Corp.'s (TPE:3052) Recent Stock Performance Influenced By Its Fundamentals In Any Way?Most readers would already be aware that Apex Science & Engineering's (TPE:3052) stock increased significantly by 6.9...
Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 25% share price gain to NT$14.90, the stock is trading at a trailing P/E ratio of 5.7x, up from the previous P/E ratio of 4.6x. This compares to an average P/E of 16x in the Construction industry in Taiwan. Total returns to shareholders over the past three years are 96%.
Is New 90 Day High Low • Nov 30New 90-day high: NT$13.55The company is up 9.0% from its price of NT$12.40 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 8.0% over the same period.
분석 기사 • Nov 26Should You Use Apex Science & Engineering's (TPE:3052) Statutory Earnings To Analyse It?As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS NT$0.70The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.66b (up 337% from 3Q 2019). Net income: NT$138.6m (up NT$152.1m from 3Q 2019). Profit margin: 8.3% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Sep 24New 90-day low: NT$10.95The company is down 8.0% from its price of NT$11.85 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 7.0% over the same period.