Rechi Precision (4532) 주식 개요는 자회사와 함께 전 세계적으로 냉매 압축기의 조립, 가공, 제조, 수리, 무역 및 설계 서비스를 제공하고 있습니다. 자세히 보기4532 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적2/6재무 건전성6/6배당4/6강점주가수익률(13.4x)이 TW 시장(23.5x)보다 낮습니다.위험 분석불안정한 배당 실적모든 위험 점검 보기4532 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$24.5536.2% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture023b2016201920222025202620282031Revenue NT$19.1bEarnings NT$860.9mAdvancedSet Fair ValueView all narrativesRechi Precision Co., Ltd. 경쟁사Khgears InternationalSymbol: TWSE:4571Market cap: NT$10.1bChenFull PrecisionSymbol: TPEX:6829Market cap: NT$12.0bDesiccant TechnologySymbol: TWSE:5292Market cap: NT$9.1bWaffer TechnologySymbol: TWSE:6235Market cap: NT$8.8b가격 이력 및 성과Rechi Precision 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가NT$24.5552주 최고가NT$28.3052주 최저가NT$22.00베타0.271개월 변동7.44%3개월 변동-4.85%1년 변동-12.48%3년 변동34.52%5년 변동20.64%IPO 이후 변동73.20%최근 뉴스 및 업데이트Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.48 (vs NT$0.72 in 1Q 2025)First quarter 2026 results: EPS: NT$0.48 (down from NT$0.72 in 1Q 2025). Revenue: NT$6.03b (down 8.9% from 1Q 2025). Net income: NT$231.5m (down 36% from 1Q 2025). Profit margin: 3.8% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. 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 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%).New Risk • Mar 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 Risk Paying a dividend despite having no free cash flows.Reported Earnings • Mar 18Full year 2025 earnings released: EPS: NT$2.05 (vs NT$2.02 in FY 2024)Full year 2025 results: EPS: NT$2.05 (up from NT$2.02 in FY 2024). Revenue: NT$20.3b (down 5.8% from FY 2024). Net income: NT$1.02b (flat on FY 2024). Profit margin: 5.0% (up from 4.7% in FY 2024). 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 whereas the company’s share price has increased by 15% per year.Declared Dividend • Mar 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2026 Payment date: 8th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not adequately covered by cash flows (93% 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 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Mar 10+ 1 more updateRechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026Rechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,943, sec.2 ch`eng kung rd., guanyin district, taoyuan city Taiwan더 많은 업데이트 보기Recent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.48 (vs NT$0.72 in 1Q 2025)First quarter 2026 results: EPS: NT$0.48 (down from NT$0.72 in 1Q 2025). Revenue: NT$6.03b (down 8.9% from 1Q 2025). Net income: NT$231.5m (down 36% from 1Q 2025). Profit margin: 3.8% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. 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 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%).New Risk • Mar 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 Risk Paying a dividend despite having no free cash flows.Reported Earnings • Mar 18Full year 2025 earnings released: EPS: NT$2.05 (vs NT$2.02 in FY 2024)Full year 2025 results: EPS: NT$2.05 (up from NT$2.02 in FY 2024). Revenue: NT$20.3b (down 5.8% from FY 2024). Net income: NT$1.02b (flat on FY 2024). Profit margin: 5.0% (up from 4.7% in FY 2024). 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 whereas the company’s share price has increased by 15% per year.Declared Dividend • Mar 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2026 Payment date: 8th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not adequately covered by cash flows (93% 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 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Mar 10+ 1 more updateRechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026Rechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,943, sec.2 ch`eng kung rd., guanyin district, taoyuan city TaiwanReported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.31 (vs NT$0.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.31 (up from NT$0.30 in 3Q 2024). Revenue: NT$3.84b (down 23% from 3Q 2024). Net income: NT$155.8m (up 5.1% from 3Q 2024). Profit margin: 4.1% (up from 3.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.46 (vs NT$0.65 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.46 (down from NT$0.65 in 2Q 2024). Revenue: NT$5.46b (down 11% from 2Q 2024). Net income: NT$226.7m (down 30% from 2Q 2024). Profit margin: 4.1% (down from 5.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.73 (vs NT$0.50 in 1Q 2024)First quarter 2025 results: EPS: NT$0.73 (up from NT$0.50 in 1Q 2024). Revenue: NT$6.62b (up 34% from 1Q 2024). Net income: NT$360.3m (up 44% from 1Q 2024). Profit margin: 5.4% (up from 5.1% 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 23% per year whereas the company’s share price has increased by 22% per year.공시 • May 01Rechi Precision Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Rechi Precision Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$25.15, the stock trades at a trailing P/E ratio of 12.5x. Average forward P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 62% over the past three years.Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.7%).Reported Earnings • Mar 21Full year 2024 earnings released: EPS: NT$2.02 (vs NT$1.50 in FY 2023)Full year 2024 results: EPS: NT$2.02 (up from NT$1.50 in FY 2023). Revenue: NT$21.5b (up 28% from FY 2023). Net income: NT$1.01b (up 34% from FY 2023). Profit margin: 4.7% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year.Declared Dividend • Mar 13Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2025 Payment date: 8th May 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (31% 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 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Mar 12+ 2 more updatesRechi Precision Co., Ltd., Annual General Meeting, Jun 11, 2025Rechi Precision Co., Ltd., Annual General Meeting, Jun 11, 2025. Location: no,943, sec.2 ch`eng kung rd., guanyin district, taoyuan city Taiwan공시 • Mar 04Rechi Precision Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Rechi Precision Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.분석 기사 • Nov 15We Think Rechi Precision's (TWSE:4532) Solid Earnings Are UnderstatedDespite posting healthy earnings, Rechi Precision Co., Ltd.'s ( TWSE:4532 ) stock has been quite weak. We have done...Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.30 (vs NT$0.43 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.30 (down from NT$0.43 in 3Q 2023). Revenue: NT$4.98b (up 23% from 3Q 2023). Net income: NT$148.3m (down 31% from 3Q 2023). Profit margin: 3.0% (down from 5.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. 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 12% per year, which means it is significantly lagging earnings growth.공시 • Oct 22Rechi Precision Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Rechi Precision Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Buy Or Sell Opportunity • Sep 13Now 22% overvaluedOver the last 90 days, the stock has fallen 16% to NT$25.10. The fair value is estimated to be NT$20.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 13%.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: NT$0.65 (vs NT$0.53 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.65 (up from NT$0.53 in 2Q 2023). Revenue: NT$6.16b (up 37% from 2Q 2023). Net income: NT$325.7m (up 24% from 2Q 2023). Profit margin: 5.3% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. 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.공시 • Aug 09Rechi Precision Co., Ltd. announced that it expects to receive $10 million in fundingRechi Precision Co., Ltd. announced a private placement to issue 10,000,000 common shares at an issue price of $1 per share for the gross proceeds of $10,000,000 on August 7, 2024. The transaction has been approved by shareholders of company.분석 기사 • Aug 02Rechi Precision (TWSE:4532) Could Be Struggling To Allocate CapitalWhat financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...공시 • Jul 31Rechi Precision Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Rechi Precision Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024Reported Earnings • May 10First quarter 2024 earnings released: EPS: NT$0.50 (vs NT$0.22 in 1Q 2023)First quarter 2024 results: EPS: NT$0.50 (up from NT$0.22 in 1Q 2023). Revenue: NT$4.93b (up 27% from 1Q 2023). Net income: NT$249.7m (up 132% from 1Q 2023). Profit margin: 5.1% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.Upcoming Dividend • Apr 04Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.5%).공시 • Mar 23Rechi Precision Co., Ltd., Annual General Meeting, Jun 13, 2024Rechi Precision Co., Ltd., Annual General Meeting, Jun 13, 2024.Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$1.50 (vs NT$1.38 in FY 2022)Full year 2023 results: EPS: NT$1.50 (up from NT$1.38 in FY 2022). Revenue: NT$16.9b (down 8.2% from FY 2022). Net income: NT$751.0m (up 9.1% from FY 2022). Profit margin: 4.5% (up from 3.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.공시 • Mar 14Rechi Precision Co., Ltd. (TWSE:4532) acquired minority unknown stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion.Rechi Precision Co., Ltd. (TWSE:4532) acquired unknown minority stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion on March 12, 2024. Rechi Precision Co., Ltd. (TWSE:4532) hold 94.42% stake in Dyna Rechi Co., Ltd. after this acquisition. Rechi Precision Co., Ltd. (TWSE:4532) completed the acquisition of unknown minority stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion on March 12, 2024.공시 • Jan 31Rechi Precision Co., Ltd. Announces Chief Marketing Officer Changes, Effective February 1, 2024Rechi Precision Co., Ltd. announced Chief Marketing Officer Personnel Changes. Name, title, and resume of the previous position holder: NIU, YONG GUANG/Vice President/President of Qingdao Rechi Electric Machinery Sales Company. Type of the change: position adjustment. Reason for the change: In alignment with organizational operational requirements, the position of Chief Marketing Officer is being eliminated. Effective date: February 1, 2024.Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.43 (vs NT$0.32 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.43 (up from NT$0.32 in 3Q 2022). Revenue: NT$4.07b (up 6.8% from 3Q 2022). Net income: NT$214.0m (up 34% from 3Q 2022). Profit margin: 5.3% (up from 4.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year.Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: NT$0.53 (vs NT$0.54 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.53 (down from NT$0.54 in 2Q 2022). Revenue: NT$4.51b (down 18% from 2Q 2022). Net income: NT$262.6m (down 3.1% from 2Q 2022). Profit margin: 5.8% (up from 4.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.New Risk • Jul 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (351% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change).Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$21.85, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 47% over the past three years.공시 • Jun 17+ 1 more updateRechi Precision Co., Ltd. Announces Executive ChangesRechi Precision Co., Ltd. announced change of the members of the board of directors at the 2023 annual general meeting . Title and name of the previous position holder: A. Institutional director (1)Representative of SAMPO CORPORATION: CHEN, SIOU MING .Title and name of the new position holder: A. Institutional director Representative of SAMPO CORPORATION:FENG, MING FA, B. Independent director; HUANG, PAO HUI. Resume of mew position holder,: Representative of SAMPO CORPORATION:FENG, MING FA, President of RECHI PRECISION CO., LTD. HUANG, PAO HUI/Chairman of President Link Limited.공시 • Jun 16Rechi Precision Co., Ltd. Announces Change of Remuneration CommitteeRechi Precision Co., Ltd. announced change of remuneration committee. Name of the previous position holder: SU, CHING YANG, CHEN, SHENG WANG and Guan, Chang Ching. Resume of the previous position holder: SU, CHING YANG/Independent Director/Audit Committee/Remuneration Committee of Aerowin Technology Corporation, Independent Director/Audit Committee/Remuneration Committee of KENDA RUBBER INDUSTRIAL CO., LTD. Director of NATUREWISE BIOTECH & MEDICALS CORPORATION, CHEN, SHENG WANG/None, and Guan, Chang Ching/CECI Nova Technology Co., Ltd.-Chairperson. Name of the new position holder: SU, CHING YANG, CHEN, SHENG WANG, and HUANG, PAO HUI. Resume of the new position holder: SU, CHING YANG/Independent Director/Audit Committee/Remuneration Committee of Aerowin Technology Corporation Independent Director/Audit Committee/Remuneration Committee of KENDA RUBBER INDUSTRIAL CO., LTD., Director of NATUREWISE BIOTECH & MEDICALS CORPORATION, CHEN, SHENG WANG/None, and HUANG, PAO HUI/Chairman of President Link Limited. Effective date of the new member: June 15, 2023.Upcoming Dividend • Apr 06Upcoming dividend of NT$0.90 per share at 4.8% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (3.1%).Reported Earnings • Mar 12Full year 2022 earnings released: EPS: NT$1.38 (vs NT$1.08 in FY 2021)Full year 2022 results: EPS: NT$1.38 (up from NT$1.08 in FY 2021). Revenue: NT$18.4b (down 19% from FY 2021). Net income: NT$688.3m (up 27% from FY 2021). Profit margin: 3.7% (up from 2.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.37 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (down from NT$0.37 in 3Q 2021). Revenue: NT$3.81b (down 26% from 3Q 2021). Net income: NT$159.4m (down 14% from 3Q 2021). Profit margin: 4.2% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Machinery industry in Taiwan are expected to grow by 9.0%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Sheng Wang Chen was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.37 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (down from NT$0.37 in 3Q 2021). Revenue: NT$3.81b (down 26% from 3Q 2021). Net income: NT$159.4m (down 14% from 3Q 2021). Profit margin: 4.2% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Machinery industry in Taiwan are expected to grow by 8.8%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.공시 • Aug 18Rechi Precision Co., Ltd. Announces Death of Lee,Jen-Fang, Independent Director, Member of the Audit Committee and Remuneration CommitteeRechi Precision Co., Ltd. announced death of LEE,JEN-FANG, Independent Director, Member of the company's audit committee and remuneration Committee, the company received this news on August 17, 2022.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$0.54 (vs NT$0.41 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.54 (up from NT$0.41 in 2Q 2021). Revenue: NT$5.48b (down 13% from 2Q 2021). Net income: NT$271.1m (up 32% from 2Q 2021). Profit margin: 4.9% (up from 3.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year.Upcoming Dividend • Jun 27Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.2%).공시 • May 24Rechi Precision Co., Ltd. Announces Executive ChangesRechi Precision Co., Ltd. announced the change of the company's legal person director representative. Name of legal person: SHARP CORPORATION; Name of the previous position holder: Nakashima,Mitsuo; Resume of the previous position holder: PCI Department-Minister; Name of the new position holder: Mishiro,Kazuhisa; Resume of the new position holder: Air Conditioning Department-Minister; Reason for the change: Reassignment; Original term (from June 16, 2020 to June 15, 2023); Effective date of the new appointment: May 23, 2022.Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.29 (up from NT$0.27 in 1Q 2021). Revenue: NT$5.57b (down 4.4% from 1Q 2021). Net income: NT$142.7m (up 4.6% from 1Q 2021). Profit margin: 2.6% (up from 2.3% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year.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. 6 non-independent directors. Independent Director Jen Fang Lee was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.43 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$5.16b (up 11% from 3Q 2020). Net income: NT$186.4m (down 14% from 3Q 2020). Profit margin: 3.6% (down from 4.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 03Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 10 September 2021. Payment date: 05 October 2021. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.7%).Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$0.41 (vs NT$0.42 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$6.28b (up 20% from 2Q 2020). Net income: NT$206.2m (down 3.3% from 2Q 2020). Profit margin: 3.3% (down from 4.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$18.85, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total loss to shareholders of 31% over the past three years.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.27 in 1Q 2020)The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2021 results: Revenue: NT$5.83b (up 38% from 1Q 2020). Net income: NT$136.5m (flat on 1Q 2020). Profit margin: 2.3% (down from 3.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.분석 기사 • Apr 29Rechi Precision (TPE:4532) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...분석 기사 • Apr 12Key Things To Consider Before Buying Rechi Precision Co., Ltd. (TPE:4532) For Its DividendDividend paying stocks like Rechi Precision Co., Ltd. ( TPE:4532 ) tend to be popular with investors, and for good...Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$1.41 (vs NT$1.30 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$19.3b (down 4.0% from FY 2019). Net income: NT$709.5m (up 8.2% from FY 2019). Profit margin: 3.7% (up from 3.3% 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 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.분석 기사 • Mar 23Rechi Precision (TPE:4532) May Have Issues Allocating Its CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Is New 90 Day High Low • Mar 15New 90-day high: NT$22.25The company is up 9.0% from a price of NT$20.35 on 15 December 2020. Underperformed the Taiwanese market, which is up 14% over the last 90 days. Lagged the Machinery industry, which is up 13% over the same period.분석 기사 • Mar 05Can Rechi Precision Co., Ltd.'s (TPE:4532) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?Rechi Precision (TPE:4532) has had a great run on the share market with its stock up by a significant 7.1% over the...분석 기사 • Feb 15Rechi Precision's (TPE:4532) Shareholders Are Down 33% On Their SharesAs an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio...분석 기사 • Jan 31Is Rechi Precision Co., Ltd. (TPE:4532) Popular Amongst Institutions?The big shareholder groups in Rechi Precision Co., Ltd. ( TPE:4532 ) have power over the company. Large companies...분석 기사 • Jan 17Does Rechi Precision's (TPE:4532) Statutory Profit Adequately Reflect Its Underlying Profit?As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...Is New 90 Day High Low • Jan 11New 90-day high: NT$22.20The company is up 14% from its price of NT$19.55 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 24% over the same period.분석 기사 • Jan 04Is Rechi Precision (TPE:4532) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Dec 20What To Know Before Buying Rechi Precision Co., Ltd. (TPE:4532) For Its DividendDividend paying stocks like Rechi Precision Co., Ltd. ( TPE:4532 ) tend to be popular with investors, and for good...분석 기사 • Dec 07We're Watching These Trends At Rechi Precision (TPE:4532)What are the early trends we should look for to identify a stock that could multiply in value over the long term...Is New 90 Day High Low • Dec 01New 90-day high: NT$21.80The company is up 9.0% from its price of NT$20.00 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period.분석 기사 • Nov 23Does Rechi Precision Co., Ltd.'s (TPE:4532) Weak Fundamentals Mean A Downturn In Its Stock Should Be Expected?Most readers would already know that Rechi Precision's (TPE:4532) stock increased by 6.4% over the past three months...Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS NT$0.43The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$4.66b (up 18% from 3Q 2019). Net income: NT$217.2m (up 74% from 3Q 2019). Profit margin: 4.7% (up from 3.2% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.주주 수익률4532TW MachineryTW 시장7D3.4%-3.3%0.5%1Y-12.5%62.7%106.7%전체 주주 수익률 보기수익률 대 산업: 4532은 지난 1년 동안 62.7%의 수익을 기록한 TW Machinery 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 4532은 지난 1년 동안 106.7%를 기록한 TW 시장보다 저조한 성과를 냈습니다.주가 변동성Is 4532's price volatile compared to industry and market?4532 volatility4532 Average Weekly Movement3.8%Machinery Industry Average Movement7.3%Market Average Movement6.3%10% most volatile stocks in TW Market12.1%10% least volatile stocks in TW Market2.6%안정적인 주가: 4532는 지난 3개월 동안 TW 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 4532의 주간 변동성(4%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1989n/aFelix Chenwww.rechi.com는 자회사와 함께 전 세계적으로 냉매 압축기의 조립, 가공, 제조, 수리 및 거래와 설계 서비스를 제공합니다. 압축기 사업부와 BLDC 모터 유닛 부문을 통해 운영됩니다. 이 회사는 로터리 컴프레서, BLDC 모터 및 히트 펌프 온수기를 제공합니다.더 보기Rechi Precision Co., Ltd. 기초 지표 요약Rechi Precision의 순이익과 매출은 시가총액과 어떻게 비교됩니까?4532 기초 통계시가총액NT$11.91b순이익 (TTM)NT$887.13m매출 (TTM)NT$19.69b13.4x주가수익비율(P/E)0.6x주가매출비율(P/S)4532는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표4532 손익계산서 (TTM)매출NT$19.69b매출원가NT$16.59b총이익NT$3.10b기타 비용NT$2.21b순이익NT$887.13m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)1.83총이익률15.75%순이익률4.51%부채/자본 비율42.8%4532의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당6.1%현재 배당 수익률83%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/05 11:55종가2026/06/05 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Rechi Precision Co., Ltd.는 5명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Xin LiuCapital Securities Corporationnull nullKGI Securities Co. Ltd.Yenling TsaiKGI Securities Co. Ltd.2명의 분석가 더 보기
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.48 (vs NT$0.72 in 1Q 2025)First quarter 2026 results: EPS: NT$0.48 (down from NT$0.72 in 1Q 2025). Revenue: NT$6.03b (down 8.9% from 1Q 2025). Net income: NT$231.5m (down 36% from 1Q 2025). Profit margin: 3.8% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. 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 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%).
New Risk • Mar 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 Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 18Full year 2025 earnings released: EPS: NT$2.05 (vs NT$2.02 in FY 2024)Full year 2025 results: EPS: NT$2.05 (up from NT$2.02 in FY 2024). Revenue: NT$20.3b (down 5.8% from FY 2024). Net income: NT$1.02b (flat on FY 2024). Profit margin: 5.0% (up from 4.7% in FY 2024). 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 whereas the company’s share price has increased by 15% per year.
Declared Dividend • Mar 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2026 Payment date: 8th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not adequately covered by cash flows (93% 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 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Mar 10+ 1 more updateRechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026Rechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,943, sec.2 ch`eng kung rd., guanyin district, taoyuan city Taiwan
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.48 (vs NT$0.72 in 1Q 2025)First quarter 2026 results: EPS: NT$0.48 (down from NT$0.72 in 1Q 2025). Revenue: NT$6.03b (down 8.9% from 1Q 2025). Net income: NT$231.5m (down 36% from 1Q 2025). Profit margin: 3.8% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. 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 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%).
New Risk • Mar 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 Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 18Full year 2025 earnings released: EPS: NT$2.05 (vs NT$2.02 in FY 2024)Full year 2025 results: EPS: NT$2.05 (up from NT$2.02 in FY 2024). Revenue: NT$20.3b (down 5.8% from FY 2024). Net income: NT$1.02b (flat on FY 2024). Profit margin: 5.0% (up from 4.7% in FY 2024). 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 whereas the company’s share price has increased by 15% per year.
Declared Dividend • Mar 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2026 Payment date: 8th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not adequately covered by cash flows (93% 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 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Mar 10+ 1 more updateRechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026Rechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,943, sec.2 ch`eng kung rd., guanyin district, taoyuan city Taiwan
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.31 (vs NT$0.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.31 (up from NT$0.30 in 3Q 2024). Revenue: NT$3.84b (down 23% from 3Q 2024). Net income: NT$155.8m (up 5.1% from 3Q 2024). Profit margin: 4.1% (up from 3.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.46 (vs NT$0.65 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.46 (down from NT$0.65 in 2Q 2024). Revenue: NT$5.46b (down 11% from 2Q 2024). Net income: NT$226.7m (down 30% from 2Q 2024). Profit margin: 4.1% (down from 5.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.73 (vs NT$0.50 in 1Q 2024)First quarter 2025 results: EPS: NT$0.73 (up from NT$0.50 in 1Q 2024). Revenue: NT$6.62b (up 34% from 1Q 2024). Net income: NT$360.3m (up 44% from 1Q 2024). Profit margin: 5.4% (up from 5.1% 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 23% per year whereas the company’s share price has increased by 22% per year.
공시 • May 01Rechi Precision Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Rechi Precision Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$25.15, the stock trades at a trailing P/E ratio of 12.5x. Average forward P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 62% over the past three years.
Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.7%).
Reported Earnings • Mar 21Full year 2024 earnings released: EPS: NT$2.02 (vs NT$1.50 in FY 2023)Full year 2024 results: EPS: NT$2.02 (up from NT$1.50 in FY 2023). Revenue: NT$21.5b (up 28% from FY 2023). Net income: NT$1.01b (up 34% from FY 2023). Profit margin: 4.7% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year.
Declared Dividend • Mar 13Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2025 Payment date: 8th May 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (31% 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 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Mar 12+ 2 more updatesRechi Precision Co., Ltd., Annual General Meeting, Jun 11, 2025Rechi Precision Co., Ltd., Annual General Meeting, Jun 11, 2025. Location: no,943, sec.2 ch`eng kung rd., guanyin district, taoyuan city Taiwan
공시 • Mar 04Rechi Precision Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Rechi Precision Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
분석 기사 • Nov 15We Think Rechi Precision's (TWSE:4532) Solid Earnings Are UnderstatedDespite posting healthy earnings, Rechi Precision Co., Ltd.'s ( TWSE:4532 ) stock has been quite weak. We have done...
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.30 (vs NT$0.43 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.30 (down from NT$0.43 in 3Q 2023). Revenue: NT$4.98b (up 23% from 3Q 2023). Net income: NT$148.3m (down 31% from 3Q 2023). Profit margin: 3.0% (down from 5.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. 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 12% per year, which means it is significantly lagging earnings growth.
공시 • Oct 22Rechi Precision Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Rechi Precision Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Buy Or Sell Opportunity • Sep 13Now 22% overvaluedOver the last 90 days, the stock has fallen 16% to NT$25.10. The fair value is estimated to be NT$20.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 13%.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: NT$0.65 (vs NT$0.53 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.65 (up from NT$0.53 in 2Q 2023). Revenue: NT$6.16b (up 37% from 2Q 2023). Net income: NT$325.7m (up 24% from 2Q 2023). Profit margin: 5.3% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. 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.
공시 • Aug 09Rechi Precision Co., Ltd. announced that it expects to receive $10 million in fundingRechi Precision Co., Ltd. announced a private placement to issue 10,000,000 common shares at an issue price of $1 per share for the gross proceeds of $10,000,000 on August 7, 2024. The transaction has been approved by shareholders of company.
분석 기사 • Aug 02Rechi Precision (TWSE:4532) Could Be Struggling To Allocate CapitalWhat financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...
공시 • Jul 31Rechi Precision Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Rechi Precision Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024
Reported Earnings • May 10First quarter 2024 earnings released: EPS: NT$0.50 (vs NT$0.22 in 1Q 2023)First quarter 2024 results: EPS: NT$0.50 (up from NT$0.22 in 1Q 2023). Revenue: NT$4.93b (up 27% from 1Q 2023). Net income: NT$249.7m (up 132% from 1Q 2023). Profit margin: 5.1% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.
Upcoming Dividend • Apr 04Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.5%).
공시 • Mar 23Rechi Precision Co., Ltd., Annual General Meeting, Jun 13, 2024Rechi Precision Co., Ltd., Annual General Meeting, Jun 13, 2024.
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$1.50 (vs NT$1.38 in FY 2022)Full year 2023 results: EPS: NT$1.50 (up from NT$1.38 in FY 2022). Revenue: NT$16.9b (down 8.2% from FY 2022). Net income: NT$751.0m (up 9.1% from FY 2022). Profit margin: 4.5% (up from 3.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.
공시 • Mar 14Rechi Precision Co., Ltd. (TWSE:4532) acquired minority unknown stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion.Rechi Precision Co., Ltd. (TWSE:4532) acquired unknown minority stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion on March 12, 2024. Rechi Precision Co., Ltd. (TWSE:4532) hold 94.42% stake in Dyna Rechi Co., Ltd. after this acquisition. Rechi Precision Co., Ltd. (TWSE:4532) completed the acquisition of unknown minority stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion on March 12, 2024.
공시 • Jan 31Rechi Precision Co., Ltd. Announces Chief Marketing Officer Changes, Effective February 1, 2024Rechi Precision Co., Ltd. announced Chief Marketing Officer Personnel Changes. Name, title, and resume of the previous position holder: NIU, YONG GUANG/Vice President/President of Qingdao Rechi Electric Machinery Sales Company. Type of the change: position adjustment. Reason for the change: In alignment with organizational operational requirements, the position of Chief Marketing Officer is being eliminated. Effective date: February 1, 2024.
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.43 (vs NT$0.32 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.43 (up from NT$0.32 in 3Q 2022). Revenue: NT$4.07b (up 6.8% from 3Q 2022). Net income: NT$214.0m (up 34% from 3Q 2022). Profit margin: 5.3% (up from 4.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year.
Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: NT$0.53 (vs NT$0.54 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.53 (down from NT$0.54 in 2Q 2022). Revenue: NT$4.51b (down 18% from 2Q 2022). Net income: NT$262.6m (down 3.1% from 2Q 2022). Profit margin: 5.8% (up from 4.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.
New Risk • Jul 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (351% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change).
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$21.85, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 47% over the past three years.
공시 • Jun 17+ 1 more updateRechi Precision Co., Ltd. Announces Executive ChangesRechi Precision Co., Ltd. announced change of the members of the board of directors at the 2023 annual general meeting . Title and name of the previous position holder: A. Institutional director (1)Representative of SAMPO CORPORATION: CHEN, SIOU MING .Title and name of the new position holder: A. Institutional director Representative of SAMPO CORPORATION:FENG, MING FA, B. Independent director; HUANG, PAO HUI. Resume of mew position holder,: Representative of SAMPO CORPORATION:FENG, MING FA, President of RECHI PRECISION CO., LTD. HUANG, PAO HUI/Chairman of President Link Limited.
공시 • Jun 16Rechi Precision Co., Ltd. Announces Change of Remuneration CommitteeRechi Precision Co., Ltd. announced change of remuneration committee. Name of the previous position holder: SU, CHING YANG, CHEN, SHENG WANG and Guan, Chang Ching. Resume of the previous position holder: SU, CHING YANG/Independent Director/Audit Committee/Remuneration Committee of Aerowin Technology Corporation, Independent Director/Audit Committee/Remuneration Committee of KENDA RUBBER INDUSTRIAL CO., LTD. Director of NATUREWISE BIOTECH & MEDICALS CORPORATION, CHEN, SHENG WANG/None, and Guan, Chang Ching/CECI Nova Technology Co., Ltd.-Chairperson. Name of the new position holder: SU, CHING YANG, CHEN, SHENG WANG, and HUANG, PAO HUI. Resume of the new position holder: SU, CHING YANG/Independent Director/Audit Committee/Remuneration Committee of Aerowin Technology Corporation Independent Director/Audit Committee/Remuneration Committee of KENDA RUBBER INDUSTRIAL CO., LTD., Director of NATUREWISE BIOTECH & MEDICALS CORPORATION, CHEN, SHENG WANG/None, and HUANG, PAO HUI/Chairman of President Link Limited. Effective date of the new member: June 15, 2023.
Upcoming Dividend • Apr 06Upcoming dividend of NT$0.90 per share at 4.8% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (3.1%).
Reported Earnings • Mar 12Full year 2022 earnings released: EPS: NT$1.38 (vs NT$1.08 in FY 2021)Full year 2022 results: EPS: NT$1.38 (up from NT$1.08 in FY 2021). Revenue: NT$18.4b (down 19% from FY 2021). Net income: NT$688.3m (up 27% from FY 2021). Profit margin: 3.7% (up from 2.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.37 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (down from NT$0.37 in 3Q 2021). Revenue: NT$3.81b (down 26% from 3Q 2021). Net income: NT$159.4m (down 14% from 3Q 2021). Profit margin: 4.2% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Machinery industry in Taiwan are expected to grow by 9.0%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Sheng Wang Chen was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.37 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (down from NT$0.37 in 3Q 2021). Revenue: NT$3.81b (down 26% from 3Q 2021). Net income: NT$159.4m (down 14% from 3Q 2021). Profit margin: 4.2% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Machinery industry in Taiwan are expected to grow by 8.8%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
공시 • Aug 18Rechi Precision Co., Ltd. Announces Death of Lee,Jen-Fang, Independent Director, Member of the Audit Committee and Remuneration CommitteeRechi Precision Co., Ltd. announced death of LEE,JEN-FANG, Independent Director, Member of the company's audit committee and remuneration Committee, the company received this news on August 17, 2022.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$0.54 (vs NT$0.41 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.54 (up from NT$0.41 in 2Q 2021). Revenue: NT$5.48b (down 13% from 2Q 2021). Net income: NT$271.1m (up 32% from 2Q 2021). Profit margin: 4.9% (up from 3.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year.
Upcoming Dividend • Jun 27Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.2%).
공시 • May 24Rechi Precision Co., Ltd. Announces Executive ChangesRechi Precision Co., Ltd. announced the change of the company's legal person director representative. Name of legal person: SHARP CORPORATION; Name of the previous position holder: Nakashima,Mitsuo; Resume of the previous position holder: PCI Department-Minister; Name of the new position holder: Mishiro,Kazuhisa; Resume of the new position holder: Air Conditioning Department-Minister; Reason for the change: Reassignment; Original term (from June 16, 2020 to June 15, 2023); Effective date of the new appointment: May 23, 2022.
Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.29 (up from NT$0.27 in 1Q 2021). Revenue: NT$5.57b (down 4.4% from 1Q 2021). Net income: NT$142.7m (up 4.6% from 1Q 2021). Profit margin: 2.6% (up from 2.3% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year.
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. 6 non-independent directors. Independent Director Jen Fang Lee was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.43 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$5.16b (up 11% from 3Q 2020). Net income: NT$186.4m (down 14% from 3Q 2020). Profit margin: 3.6% (down from 4.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 03Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 10 September 2021. Payment date: 05 October 2021. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.7%).
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$0.41 (vs NT$0.42 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$6.28b (up 20% from 2Q 2020). Net income: NT$206.2m (down 3.3% from 2Q 2020). Profit margin: 3.3% (down from 4.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$18.85, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total loss to shareholders of 31% over the past three years.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.27 in 1Q 2020)The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2021 results: Revenue: NT$5.83b (up 38% from 1Q 2020). Net income: NT$136.5m (flat on 1Q 2020). Profit margin: 2.3% (down from 3.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
분석 기사 • Apr 29Rechi Precision (TPE:4532) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
분석 기사 • Apr 12Key Things To Consider Before Buying Rechi Precision Co., Ltd. (TPE:4532) For Its DividendDividend paying stocks like Rechi Precision Co., Ltd. ( TPE:4532 ) tend to be popular with investors, and for good...
Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$1.41 (vs NT$1.30 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$19.3b (down 4.0% from FY 2019). Net income: NT$709.5m (up 8.2% from FY 2019). Profit margin: 3.7% (up from 3.3% 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 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
분석 기사 • Mar 23Rechi Precision (TPE:4532) May Have Issues Allocating Its CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Is New 90 Day High Low • Mar 15New 90-day high: NT$22.25The company is up 9.0% from a price of NT$20.35 on 15 December 2020. Underperformed the Taiwanese market, which is up 14% over the last 90 days. Lagged the Machinery industry, which is up 13% over the same period.
분석 기사 • Mar 05Can Rechi Precision Co., Ltd.'s (TPE:4532) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?Rechi Precision (TPE:4532) has had a great run on the share market with its stock up by a significant 7.1% over the...
분석 기사 • Feb 15Rechi Precision's (TPE:4532) Shareholders Are Down 33% On Their SharesAs an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio...
분석 기사 • Jan 31Is Rechi Precision Co., Ltd. (TPE:4532) Popular Amongst Institutions?The big shareholder groups in Rechi Precision Co., Ltd. ( TPE:4532 ) have power over the company. Large companies...
분석 기사 • Jan 17Does Rechi Precision's (TPE:4532) Statutory Profit Adequately Reflect Its Underlying Profit?As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
Is New 90 Day High Low • Jan 11New 90-day high: NT$22.20The company is up 14% from its price of NT$19.55 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 24% over the same period.
분석 기사 • Jan 04Is Rechi Precision (TPE:4532) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Dec 20What To Know Before Buying Rechi Precision Co., Ltd. (TPE:4532) For Its DividendDividend paying stocks like Rechi Precision Co., Ltd. ( TPE:4532 ) tend to be popular with investors, and for good...
분석 기사 • Dec 07We're Watching These Trends At Rechi Precision (TPE:4532)What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Is New 90 Day High Low • Dec 01New 90-day high: NT$21.80The company is up 9.0% from its price of NT$20.00 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period.
분석 기사 • Nov 23Does Rechi Precision Co., Ltd.'s (TPE:4532) Weak Fundamentals Mean A Downturn In Its Stock Should Be Expected?Most readers would already know that Rechi Precision's (TPE:4532) stock increased by 6.4% over the past three months...
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS NT$0.43The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$4.66b (up 18% from 3Q 2019). Net income: NT$217.2m (up 74% from 3Q 2019). Profit margin: 4.7% (up from 3.2% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
