Alexander Marine (8478) 주식 개요는 대만, 유럽, 호주 및 미국에서 요트의 설계, 제조 및 판매에 종사하고 있습니다. 자세히 보기8478 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적4/6재무 건전성5/6배당3/6강점주가수익률(9.3x)이 TW 시장(22.5x)보다 낮습니다.지난 1년간 수익이 233.6% 증가했습니다.위험 분석높은 수준의 비현금 수입4.26% 의 배당금은 잉여현금흐름으로 잘 충당되지 않습니다.모든 위험 점검 보기8478 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$152.50300.9% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture07b2016201920222025202620282031Revenue NT$6.2bEarnings NT$1.7bAdvancedSet Fair ValueView all narrativesAlexander Marine Co., Ltd. 경쟁사TopkeySymbol: TWSE:4536Market cap: NT$14.8bMerida IndustrySymbol: TWSE:9914Market cap: NT$20.3bKMC (Kuei Meng) InternationalSymbol: TWSE:5306Market cap: NT$10.5bAdvanced International MultitechSymbol: TPEX:8938Market cap: NT$8.4b가격 이력 및 성과Alexander Marine 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가NT$152.5052주 최고가NT$240.0052주 최저가NT$144.50베타1.061개월 변동-11.85%3개월 변동n/a1년 변동-3.48%3년 변동-70.33%5년 변동194.97%IPO 이후 변동7.31%최근 뉴스 및 업데이트New Risk • May 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$0.63 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$0.63 in 1Q 2025). Revenue: NT$1.43b (up 51% from 1Q 2025). Net income: NT$357.1m (up NT$297.9m from 1Q 2025). Profit margin: 25% (up from 6.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 32% per year.공시 • Mar 11Alexander Marine Co., Ltd., Annual General Meeting, Jun 08, 2026Alexander Marine Co., Ltd., Annual General Meeting, Jun 08, 2026, at 10:30 Taipei Standard Time. Location: 1 floor no,1, chin fu rd., cianjhen district, kaohsiung city TaiwanReported Earnings • Mar 11Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: NT$13.25 (up from NT$10.37 in FY 2024). Revenue: NT$5.23b (up 5.8% from FY 2024). Net income: NT$1.24b (up 33% from FY 2024). Profit margin: 24% (up from 19% in FY 2024). Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 44%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$5.42 (vs NT$1.63 in 3Q 2024)Third quarter 2025 results: EPS: NT$5.42 (up from NT$1.63 in 3Q 2024). Revenue: NT$1.55b (up 65% from 3Q 2024). Net income: NT$509.8m (up 240% from 3Q 2024). Profit margin: 33% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$225, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 4.2% over the past three years.더 많은 업데이트 보기Recent updatesNew Risk • May 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$0.63 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$0.63 in 1Q 2025). Revenue: NT$1.43b (up 51% from 1Q 2025). Net income: NT$357.1m (up NT$297.9m from 1Q 2025). Profit margin: 25% (up from 6.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 32% per year.공시 • Mar 11Alexander Marine Co., Ltd., Annual General Meeting, Jun 08, 2026Alexander Marine Co., Ltd., Annual General Meeting, Jun 08, 2026, at 10:30 Taipei Standard Time. Location: 1 floor no,1, chin fu rd., cianjhen district, kaohsiung city TaiwanReported Earnings • Mar 11Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: NT$13.25 (up from NT$10.37 in FY 2024). Revenue: NT$5.23b (up 5.8% from FY 2024). Net income: NT$1.24b (up 33% from FY 2024). Profit margin: 24% (up from 19% in FY 2024). Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 44%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$5.42 (vs NT$1.63 in 3Q 2024)Third quarter 2025 results: EPS: NT$5.42 (up from NT$1.63 in 3Q 2024). Revenue: NT$1.55b (up 65% from 3Q 2024). Net income: NT$509.8m (up 240% from 3Q 2024). Profit margin: 33% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$225, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 4.2% over the past three years.Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$4.59 (vs NT$5.93 in 2Q 2024)Second quarter 2025 results: EPS: NT$4.59 (down from NT$5.93 in 2Q 2024). Revenue: NT$1.67b (down 2.4% from 2Q 2024). Net income: NT$431.2m (down 17% from 2Q 2024). Profit margin: 26% (down from 31% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Leisure industry in Taiwan. 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 5% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 30Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 06 August 2025. Payment date: 29 August 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.6%).Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$183, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 12% over the past three years.New Risk • Jun 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (99% payout ratio). Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin).Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.63 (vs NT$6.08 in 1Q 2024)First quarter 2025 results: EPS: NT$0.63 (down from NT$6.08 in 1Q 2024). Revenue: NT$946.2m (down 48% from 1Q 2024). Net income: NT$59.2m (down 89% from 1Q 2024). Profit margin: 6.3% (down from 29% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year.공시 • May 03Alexander Marine Co., Ltd. to Report Q1, 2025 Results on May 12, 2025Alexander Marine Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$142, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Leisure industry in Taiwan. Total loss to shareholders of 2.6% over the past three years.공시 • Mar 06Alexander Marine Co., Ltd., Annual General Meeting, Jun 11, 2025Alexander Marine Co., Ltd., Annual General Meeting, Jun 11, 2025, at 10:30 Taipei Standard Time. Location: 1 floor no,1, chin fu rd., cianjhen district, kaohsiung city TaiwanReported Earnings • Mar 05Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$10.37 (down from NT$23.66 in FY 2023). Revenue: NT$4.94b (down 22% from FY 2023). Net income: NT$938.1m (down 55% from FY 2023). Profit margin: 19% (down from 33% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 11% per year.New Risk • Mar 02New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change).Buy Or Sell Opportunity • Feb 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to NT$197. The fair value is estimated to be NT$247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 6.4% in the next 2 years.공시 • Feb 22Alexander Marine Co., Ltd. to Report Q4, 2024 Results on Mar 03, 2025Alexander Marine Co., Ltd. announced that they will report Q4, 2024 results on Mar 03, 2025Buy Or Sell Opportunity • Jan 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to NT$202. The fair value is estimated to be NT$253, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 6.4% in the next 2 years.분석 기사 • Dec 11Alexander Marine (TWSE:8478) Might Have The Makings Of A Multi-BaggerIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...분석 기사 • Nov 15Alexander Marine's (TWSE:8478) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that Alexander Marine Co., Ltd.'s ( TWSE:8478 ) recent earnings didn't contain any...Major Estimate Revision • Nov 15Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$6.73b to NT$5.40b. EPS estimate fell from NT$21.18 to NT$15.13 per share. Net income forecast to shrink 0.7% next year vs 46% growth forecast for Leisure industry in Taiwan . Consensus price target down from NT$409 to NT$372. Share price fell 11% to NT$248 over the past week.Price Target Changed • Nov 13Price target decreased by 9.0% to NT$372Down from NT$409, the current price target is an average from 3 analysts. New target price is 47% above last closing price of NT$253. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$15.14 for next year compared to NT$23.66 last year.Reported Earnings • Nov 10Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.63 (down from NT$4.84 in 3Q 2023). Revenue: NT$937.6m (down 43% from 3Q 2023). Net income: NT$149.8m (down 65% from 3Q 2023). Profit margin: 16% (down from 26% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 38%. Earnings per share (EPS) also missed analyst estimates by 62%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Aug 15Alexander Marine Co., Ltd. (TWSE:8478) Just Reported Earnings, And Analysts Cut Their Target PriceIt's been a good week for Alexander Marine Co., Ltd. ( TWSE:8478 ) shareholders, because the company has just released...Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: NT$5.93 (vs NT$5.68 in 2Q 2023)Second quarter 2024 results: EPS: NT$5.93 (up from NT$5.68 in 2Q 2023). Revenue: NT$1.71b (up 18% from 2Q 2023). Net income: NT$521.4m (up 4.3% from 2Q 2023). Profit margin: 31% (down from 34% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$286, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Leisure industry in Taiwan. Total returns to shareholders of 256% over the past three years.공시 • Aug 03Alexander Marine Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024Alexander Marine Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024분석 기사 • Jul 23Is There An Opportunity With Alexander Marine Co., Ltd.'s (TWSE:8478) 33% Undervaluation?Key Insights Alexander Marine's estimated fair value is NT$532 based on 2 Stage Free Cash Flow to Equity Current share...New Risk • Jul 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (6.8% increase in shares outstanding).분석 기사 • Jul 01There Is A Reason Alexander Marine Co., Ltd.'s (TWSE:8478) Price Is UndemandingAlexander Marine Co., Ltd.'s ( TWSE:8478 ) price-to-earnings (or "P/E") ratio of 18.1x might make it look like a buy...Declared Dividend • Jun 27Dividend increased to NT$12.00Dividend of NT$12.00 is 20% higher than last year. Ex-date: 10th July 2024 Payment date: 1st August 2024 Dividend yield will be 3.1%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 74% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Jun 26Alexander Marine Co., Ltd. Announces Common Share Cash Dividend, Payable on August 1, 2024Alexander Marine Co., Ltd. announced common share cash dividend of TWD 1,055,667,312. Ex-rights (ex-dividend) trading date: July 10, 2024. Ex-rights (ex-dividend) record date: July 16, 2024. Payment date of common stock cash dividend distribution: August 1, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 25, 2024.공시 • Jun 13+ 1 more updateAlexander Marine Co., Ltd. Announces Changes to Audit Committee and Remuneration CommitteeAlexander Marine Co., Ltd. announced changes to Audit Committee and Remuneration Committee. Name of the previous position holder: Audit Committee: Ming Cheng Chang, Hung Wen Lin, Chu Sheng Hsu. Remuneration Committee: Ming Cheng Chang, Hung Wen Lin, Chu Sheng Hsu. Resume of the previous position holder: Ming Cheng Chang/Chairperson of Taiwan Auditing Standards Committee, Independent director of Medigen Vaccine Biologics Corporation, Independent director of United Alloy-Tech Company. Hung Wen Lin/Host of Uni FM96.7 financial program, Consultant of Business Today. Name of the new position holder: Audit Committee: Chu Sheng Hsu, Shui Xian Lin, Shui En Liu. Remuneration Committee: Chu Sheng Hsu, Shui Xian Lin, Shui En Liu. Resume of the new position holder: Chu Sheng Hsu/Adjunct Professor,NTU Leadership Program, Adjunct Professor,EMBA /MBA, NTHU,Independent director of inergy Technology Inc., Independent director of Pou Chen Group, Independent director of Fubon Bank (China). Shui Xian Lin//Director of Kanpai Group, Founding partner of EverYi Capital. Shui En Liu/Independent director of Mercuries Data Systems Ltd. . Circumstances of change: Term expired. Effective date of the new member is June 11, 2024. Original term is from July 26, 2021 to July 25, 2024.New Risk • May 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 07First quarter 2024 earnings released: EPS: NT$6.08 (vs NT$7.00 in 1Q 2023)First quarter 2024 results: EPS: NT$6.08 (down from NT$7.00 in 1Q 2023). Revenue: NT$1.82b (up 15% from 1Q 2023). Net income: NT$534.7m (down 13% from 1Q 2023). Profit margin: 29% (down from 39% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.공시 • Apr 28Alexander Marine Co., Ltd. to Report Q1, 2024 Results on May 06, 2024Alexander Marine Co., Ltd. announced that they will report Q1, 2024 results on May 06, 2024분석 기사 • Apr 16With EPS Growth And More, Alexander Marine (TWSE:8478) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Buy Or Sell Opportunity • Apr 08Now 20% undervaluedOver the last 90 days, the stock has risen 9.3% to NT$411. The fair value is estimated to be NT$515, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.New Risk • Apr 04New 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 High level of non-cash earnings (27% accrual ratio). Minor Risks Dividend is not well covered by cash flows (220% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change).분석 기사 • Apr 02At NT$400, Is Alexander Marine Co., Ltd. (TWSE:8478) Worth Looking At Closely?Alexander Marine Co., Ltd. ( TWSE:8478 ), is not the largest company out there, but it saw a decent share price growth...분석 기사 • Mar 07Alexander Marine Co., Ltd.'s (TWSE:8478) Price Is Right But Growth Is Lacking After Shares Rocket 27%Alexander Marine Co., Ltd. ( TWSE:8478 ) shares have had a really impressive month, gaining 27% after a shaky period...Reported Earnings • Mar 05Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: NT$23.66 (up from NT$19.93 in FY 2022). Revenue: NT$6.33b (up 14% from FY 2022). Net income: NT$2.08b (up 19% from FY 2022). Profit margin: 33% (up from 32% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Mar 05Now 20% undervaluedOver the last 90 days, the stock has risen 4.6% to NT$413. The fair value is estimated to be NT$517, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$421, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Leisure industry in Taiwan. Total returns to shareholders of 919% over the past three years.분석 기사 • Mar 02Alexander Marine (TWSE:8478) Knows How To Allocate Capital EffectivelyTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...공시 • Mar 01Alexander Marine Co., Ltd., Annual General Meeting, Jun 11, 2024Alexander Marine Co., Ltd., Annual General Meeting, Jun 11, 2024. Location: Alexander Marine Co., Ltd. office Building 1 Floor War Room No.1, Jin-fu Rd., Qianzhen Dist., Kaohsiung, Kaohsiung Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's review report of 2023; to consider report on distribution of 2023 employees' compensation and directors' remuneration; to consider adoption of 2023 Business Report and Financial Statements; to consider adoption of the Proposal for Distribution of 2023 earnings; to consider amendment to the Company's Shareholders' Meeting Rules; and to consider other matters.Buying Opportunity • Nov 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$469, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 78%. Revenue is forecast to grow by 38% in 2 years. Earnings is forecast to grow by 33% in the next 2 years.New Risk • Oct 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Aug 10New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Share price has been volatile over the past 3 months (8.1% average weekly change).Price Target Changed • Aug 10Price target decreased by 21% to NT$454Down from NT$572, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$448. Stock is up 110% over the past year. The company is forecast to post earnings per share of NT$24.43 for next year compared to NT$19.93 last year.Reported Earnings • Aug 08Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: NT$5.68 (down from NT$6.15 in 2Q 2022). Revenue: NT$1.45b (down 10% from 2Q 2022). Net income: NT$499.7m (down 7.6% from 2Q 2022). Profit margin: 34% (in line with 2Q 2022). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$649, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Leisure industry in Taiwan. Total returns to shareholders of 1,657% over the past three years.Upcoming Dividend • Jul 10Upcoming dividend of NT$10.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$635, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Leisure industry in Taiwan. Total returns to shareholders of 1,627% over the past three years.공시 • May 09Alexander Marine Co., Ltd. Appoints Yu Chou Huang as Corporate Governance OfficerAlexander Marine Co., Ltd. appointed Yu Chou Huang, CFO of Alexander Marine Co., Ltd. as Corporate Governance Officer. Effective date: May 8, 2023.Valuation Update With 7 Day Price Move • Apr 21Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$437, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Leisure industry in Taiwan. Total returns to shareholders of 1,410% over the past three years.Reported Earnings • Mar 24Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: NT$19.93 (up from NT$9.55 in FY 2021). Revenue: NT$5.56b (up 22% from FY 2021). Net income: NT$1.75b (up 105% from FY 2021). Profit margin: 32% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has increased by 163% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$430, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Leisure industry in Taiwan. Total returns to shareholders of 1,621% over the past three years.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$405, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Leisure industry in Taiwan. Total returns to shareholders of 944% over the past three years.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$337, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Leisure industry in Taiwan. Total returns to shareholders of 746% over the past three years.Valuation Update With 7 Day Price Move • Jan 17Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$378, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Leisure industry in Taiwan. Total returns to shareholders of 781% over the past three years.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$335, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 9x in the Leisure industry in Taiwan. Total returns to shareholders of 677% over the past three years.Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: NT$4.72 (vs NT$2.02 in 3Q 2021)Third quarter 2022 results: EPS: NT$4.72 (up from NT$2.02 in 3Q 2021). Revenue: NT$1.23b (up 17% from 3Q 2021). Net income: NT$415.4m (up 132% from 3Q 2021). Profit margin: 34% (up from 17% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year whereas the company’s share price has increased by 84% per year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Sheng Hsu Chu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$220, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 10x in the Leisure industry in Taiwan. Total returns to shareholders of 409% over the past three years.Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$278, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 10x in the Leisure industry in Taiwan. Total returns to shareholders of 509% over the past three years.Valuation Update With 7 Day Price Move • Aug 18Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$260, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 12x in the Leisure industry in Taiwan. Total returns to shareholders of 494% over the past three years.Reported Earnings • Aug 09Second quarter 2022 earnings released: EPS: NT$6.15 (vs NT$4.48 in 2Q 2021)Second quarter 2022 results: EPS: NT$6.15 (up from NT$4.48 in 2Q 2021). Revenue: NT$1.62b (down 4.2% from 2Q 2021). Net income: NT$540.9m (up 34% from 2Q 2021). Profit margin: 33% (up from 24% 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 80% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 25Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 01 August 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (4.4%).Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$208, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 333% over the past three years.Board Change • Jul 05Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Sheng Hsu Chu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$169, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 327% over the past three years.Valuation Update With 7 Day Price Move • May 30Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$212, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 476% over the past three years.Reported Earnings • May 11First quarter 2022 earnings released: EPS: NT$4.40 (vs NT$0.10 in 1Q 2021)First quarter 2022 results: EPS: NT$4.40 (up from NT$0.10 in 1Q 2021). Revenue: NT$1.31b (up 91% from 1Q 2021). Net income: NT$387.3m (up NT$378.1m from 1Q 2021). Profit margin: 30% (up from 1.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 06Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$186, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 398% over the past three years.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. 2 experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Ming Cheng Chang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$172, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 14x in the Leisure industry in Taiwan. Total returns to shareholders of 336% over the past three years.Reported Earnings • Mar 10Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$9.55 (up from NT$1.04 in FY 2020). Revenue: NT$4.55b (up 7.8% from FY 2020). Net income: NT$854.7m (up NT$760.3m from FY 2020). Profit margin: 19% (up from 2.2% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 16%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$143, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 264% over the past three years.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$110, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 15x in the Leisure industry in Taiwan. Total returns to shareholders of 220% over the past three years.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$2.02 (vs NT$3.27 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.05b (up 22% from 3Q 2020). Net income: NT$179.4m (up NT$475.1m from 3Q 2020). Profit margin: 17% (up from net loss in 3Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 35% per year.Upcoming Dividend • Oct 11Upcoming dividend of NT$1.02 per shareEligible shareholders must have bought the stock before 18 October 2021. Payment date: 05 November 2021. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.1%).Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$81.30, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 86% over the past three years.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$4.48 (vs NT$2.97 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.69b (up 7.7% from 2Q 2020). Net income: NT$402.7m (up 49% from 2Q 2020). Profit margin: 24% (up from 17% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Executive Departure • Aug 03Independent Director Neng Mou Tu has left the companyOn the 26th of July, Neng Mou Tu's tenure as Independent Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Neng Mou's name. A total of 2 executives have left over the last 12 months.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$86.10, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 20x in the Leisure industry in Taiwan. Total returns to shareholders of 79% over the past three years.Executive Departure • Aug 03Director Yen Sung Chen has left the companyOn the 26th of July, Yen Sung Chen's tenure as Director ended after 2.1 years in the role. We don't have any record of a personal shareholding under Yen Sung's name. A total of 2 executives have left over the last 12 months.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$66.30, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 20x in the Leisure industry in Taiwan. Total returns to shareholders of 21% over the past three years.Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$47.70, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 20x in the Leisure industry in Taiwan. Total loss to shareholders of 7.2% over the past three years.Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$0.10 (vs NT$0.49 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$683.9m (up 42% from 1Q 2020). Net income: NT$9.28m (up NT$53.4m from 1Q 2020). Profit margin: 1.4% (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 fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.분석 기사 • Apr 21Does It Make Sense To Buy Alexander Marine Co., Ltd. (TPE:8478) For Its Yield?Today we'll take a closer look at Alexander Marine Co., Ltd. ( TPE:8478 ) from a dividend investor's perspective...분석 기사 • Apr 02We Think Alexander Marine (TPE:8478) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$57.70, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 23x in the Leisure industry in Taiwan. Total returns to shareholders of 5.1% over the past three years.Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$1.04 (vs NT$0.50 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.22b (up 14% from FY 2019). Net income: NT$94.5m (up 105% from FY 2019). Profit margin: 2.2% (up from 1.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% 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.분석 기사 • Feb 25Has Alexander Marine (TPE:8478) Got What It Takes To Become A Multi-Bagger?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Is New 90 Day High Low • Feb 01New 90-day low: NT$40.10The company is down 35% from its price of NT$61.70 on 03 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 1.0% over the same period.분석 기사 • Jan 21Is Alexander Marine Co., Ltd.'s (TPE:8478) 4.5% ROE Worse Than Average?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...Valuation Update With 7 Day Price Move • Jan 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$40.75, the stock is trading at a trailing P/E ratio of 34.8x, down from the previous P/E ratio of 41.1x. This compares to an average P/E of 23x in the Leisure industry in Taiwan. Total return to shareholders over the past three years is a loss of 38%.주주 수익률8478TW LeisureTW 시장7D-3.5%-1.8%2.6%1Y-3.5%-22.5%94.7%전체 주주 수익률 보기수익률 대 산업: 8478은 지난 1년 동안 -22.5%의 수익을 기록한 TW Leisure 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: 8478은 지난 1년 동안 94.7%를 기록한 TW 시장보다 저조한 성과를 냈습니다.주가 변동성Is 8478's price volatile compared to industry and market?8478 volatility8478 Average Weekly Movement4.9%Leisure Industry Average Movement3.9%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%안정적인 주가: 8478는 지난 3개월 동안 TW 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 8478의 주간 변동성(5%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트1978n/aKevin Tsengwww.oceanalexander.com.tw는 대만, 유럽, 호주 및 미국에서 요트의 설계, 제조 및 판매에 종사하고 있습니다. 또한 애프터서비스와 요트 및 부품 수리, 일반 투자 활동, 부동산 임대 사업도 하고 있습니다. 알렉산더 마린은 1978년에 설립되었으며 대만 가오슝에 본사를 두고 있습니다.더 보기Alexander Marine Co., Ltd. 기초 지표 요약Alexander Marine의 순이익과 매출은 시가총액과 어떻게 비교됩니까?8478 기초 통계시가총액NT$14.33b순이익 (TTM)NT$1.54b매출 (TTM)NT$5.71b9.3x주가수익비율(P/E)2.5x주가매출비율(P/S)8478는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표8478 손익계산서 (TTM)매출NT$5.71b매출원가NT$3.42b총이익NT$2.29b기타 비용NT$749.48m순이익NT$1.54b최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)16.42총이익률40.11%순이익률27.00%부채/자본 비율44.0%8478의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당4.3%현재 배당 수익률42%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 20:33종가2026/05/22 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 소스Alexander Marine Co., Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Helen ChienDaiwa Securities Co. Ltd.Fan-Jen TsengKGI Securities Co. Ltd.
New Risk • May 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$0.63 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$0.63 in 1Q 2025). Revenue: NT$1.43b (up 51% from 1Q 2025). Net income: NT$357.1m (up NT$297.9m from 1Q 2025). Profit margin: 25% (up from 6.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 32% per year.
공시 • Mar 11Alexander Marine Co., Ltd., Annual General Meeting, Jun 08, 2026Alexander Marine Co., Ltd., Annual General Meeting, Jun 08, 2026, at 10:30 Taipei Standard Time. Location: 1 floor no,1, chin fu rd., cianjhen district, kaohsiung city Taiwan
Reported Earnings • Mar 11Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: NT$13.25 (up from NT$10.37 in FY 2024). Revenue: NT$5.23b (up 5.8% from FY 2024). Net income: NT$1.24b (up 33% from FY 2024). Profit margin: 24% (up from 19% in FY 2024). Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 44%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$5.42 (vs NT$1.63 in 3Q 2024)Third quarter 2025 results: EPS: NT$5.42 (up from NT$1.63 in 3Q 2024). Revenue: NT$1.55b (up 65% from 3Q 2024). Net income: NT$509.8m (up 240% from 3Q 2024). Profit margin: 33% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$225, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 4.2% over the past three years.
New Risk • May 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$0.63 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$0.63 in 1Q 2025). Revenue: NT$1.43b (up 51% from 1Q 2025). Net income: NT$357.1m (up NT$297.9m from 1Q 2025). Profit margin: 25% (up from 6.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 32% per year.
공시 • Mar 11Alexander Marine Co., Ltd., Annual General Meeting, Jun 08, 2026Alexander Marine Co., Ltd., Annual General Meeting, Jun 08, 2026, at 10:30 Taipei Standard Time. Location: 1 floor no,1, chin fu rd., cianjhen district, kaohsiung city Taiwan
Reported Earnings • Mar 11Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: NT$13.25 (up from NT$10.37 in FY 2024). Revenue: NT$5.23b (up 5.8% from FY 2024). Net income: NT$1.24b (up 33% from FY 2024). Profit margin: 24% (up from 19% in FY 2024). Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 44%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$5.42 (vs NT$1.63 in 3Q 2024)Third quarter 2025 results: EPS: NT$5.42 (up from NT$1.63 in 3Q 2024). Revenue: NT$1.55b (up 65% from 3Q 2024). Net income: NT$509.8m (up 240% from 3Q 2024). Profit margin: 33% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$225, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 4.2% over the past three years.
Reported Earnings • Aug 13Second quarter 2025 earnings released: EPS: NT$4.59 (vs NT$5.93 in 2Q 2024)Second quarter 2025 results: EPS: NT$4.59 (down from NT$5.93 in 2Q 2024). Revenue: NT$1.67b (down 2.4% from 2Q 2024). Net income: NT$431.2m (down 17% from 2Q 2024). Profit margin: 26% (down from 31% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Leisure industry in Taiwan. 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 5% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 30Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 06 August 2025. Payment date: 29 August 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.6%).
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$183, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 12% over the past three years.
New Risk • Jun 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (99% payout ratio). Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin).
Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.63 (vs NT$6.08 in 1Q 2024)First quarter 2025 results: EPS: NT$0.63 (down from NT$6.08 in 1Q 2024). Revenue: NT$946.2m (down 48% from 1Q 2024). Net income: NT$59.2m (down 89% from 1Q 2024). Profit margin: 6.3% (down from 29% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year.
공시 • May 03Alexander Marine Co., Ltd. to Report Q1, 2025 Results on May 12, 2025Alexander Marine Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$142, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Leisure industry in Taiwan. Total loss to shareholders of 2.6% over the past three years.
공시 • Mar 06Alexander Marine Co., Ltd., Annual General Meeting, Jun 11, 2025Alexander Marine Co., Ltd., Annual General Meeting, Jun 11, 2025, at 10:30 Taipei Standard Time. Location: 1 floor no,1, chin fu rd., cianjhen district, kaohsiung city Taiwan
Reported Earnings • Mar 05Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: NT$10.37 (down from NT$23.66 in FY 2023). Revenue: NT$4.94b (down 22% from FY 2023). Net income: NT$938.1m (down 55% from FY 2023). Profit margin: 19% (down from 33% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 11% per year.
New Risk • Mar 02New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change).
Buy Or Sell Opportunity • Feb 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to NT$197. The fair value is estimated to be NT$247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 6.4% in the next 2 years.
공시 • Feb 22Alexander Marine Co., Ltd. to Report Q4, 2024 Results on Mar 03, 2025Alexander Marine Co., Ltd. announced that they will report Q4, 2024 results on Mar 03, 2025
Buy Or Sell Opportunity • Jan 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to NT$202. The fair value is estimated to be NT$253, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 6.4% in the next 2 years.
분석 기사 • Dec 11Alexander Marine (TWSE:8478) Might Have The Makings Of A Multi-BaggerIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
분석 기사 • Nov 15Alexander Marine's (TWSE:8478) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that Alexander Marine Co., Ltd.'s ( TWSE:8478 ) recent earnings didn't contain any...
Major Estimate Revision • Nov 15Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$6.73b to NT$5.40b. EPS estimate fell from NT$21.18 to NT$15.13 per share. Net income forecast to shrink 0.7% next year vs 46% growth forecast for Leisure industry in Taiwan . Consensus price target down from NT$409 to NT$372. Share price fell 11% to NT$248 over the past week.
Price Target Changed • Nov 13Price target decreased by 9.0% to NT$372Down from NT$409, the current price target is an average from 3 analysts. New target price is 47% above last closing price of NT$253. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$15.14 for next year compared to NT$23.66 last year.
Reported Earnings • Nov 10Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: NT$1.63 (down from NT$4.84 in 3Q 2023). Revenue: NT$937.6m (down 43% from 3Q 2023). Net income: NT$149.8m (down 65% from 3Q 2023). Profit margin: 16% (down from 26% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 38%. Earnings per share (EPS) also missed analyst estimates by 62%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Aug 15Alexander Marine Co., Ltd. (TWSE:8478) Just Reported Earnings, And Analysts Cut Their Target PriceIt's been a good week for Alexander Marine Co., Ltd. ( TWSE:8478 ) shareholders, because the company has just released...
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: NT$5.93 (vs NT$5.68 in 2Q 2023)Second quarter 2024 results: EPS: NT$5.93 (up from NT$5.68 in 2Q 2023). Revenue: NT$1.71b (up 18% from 2Q 2023). Net income: NT$521.4m (up 4.3% from 2Q 2023). Profit margin: 31% (down from 34% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$286, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Leisure industry in Taiwan. Total returns to shareholders of 256% over the past three years.
공시 • Aug 03Alexander Marine Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024Alexander Marine Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024
분석 기사 • Jul 23Is There An Opportunity With Alexander Marine Co., Ltd.'s (TWSE:8478) 33% Undervaluation?Key Insights Alexander Marine's estimated fair value is NT$532 based on 2 Stage Free Cash Flow to Equity Current share...
New Risk • Jul 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (6.8% increase in shares outstanding).
분석 기사 • Jul 01There Is A Reason Alexander Marine Co., Ltd.'s (TWSE:8478) Price Is UndemandingAlexander Marine Co., Ltd.'s ( TWSE:8478 ) price-to-earnings (or "P/E") ratio of 18.1x might make it look like a buy...
Declared Dividend • Jun 27Dividend increased to NT$12.00Dividend of NT$12.00 is 20% higher than last year. Ex-date: 10th July 2024 Payment date: 1st August 2024 Dividend yield will be 3.1%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 74% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jun 26Alexander Marine Co., Ltd. Announces Common Share Cash Dividend, Payable on August 1, 2024Alexander Marine Co., Ltd. announced common share cash dividend of TWD 1,055,667,312. Ex-rights (ex-dividend) trading date: July 10, 2024. Ex-rights (ex-dividend) record date: July 16, 2024. Payment date of common stock cash dividend distribution: August 1, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 25, 2024.
공시 • Jun 13+ 1 more updateAlexander Marine Co., Ltd. Announces Changes to Audit Committee and Remuneration CommitteeAlexander Marine Co., Ltd. announced changes to Audit Committee and Remuneration Committee. Name of the previous position holder: Audit Committee: Ming Cheng Chang, Hung Wen Lin, Chu Sheng Hsu. Remuneration Committee: Ming Cheng Chang, Hung Wen Lin, Chu Sheng Hsu. Resume of the previous position holder: Ming Cheng Chang/Chairperson of Taiwan Auditing Standards Committee, Independent director of Medigen Vaccine Biologics Corporation, Independent director of United Alloy-Tech Company. Hung Wen Lin/Host of Uni FM96.7 financial program, Consultant of Business Today. Name of the new position holder: Audit Committee: Chu Sheng Hsu, Shui Xian Lin, Shui En Liu. Remuneration Committee: Chu Sheng Hsu, Shui Xian Lin, Shui En Liu. Resume of the new position holder: Chu Sheng Hsu/Adjunct Professor,NTU Leadership Program, Adjunct Professor,EMBA /MBA, NTHU,Independent director of inergy Technology Inc., Independent director of Pou Chen Group, Independent director of Fubon Bank (China). Shui Xian Lin//Director of Kanpai Group, Founding partner of EverYi Capital. Shui En Liu/Independent director of Mercuries Data Systems Ltd. . Circumstances of change: Term expired. Effective date of the new member is June 11, 2024. Original term is from July 26, 2021 to July 25, 2024.
New Risk • May 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 07First quarter 2024 earnings released: EPS: NT$6.08 (vs NT$7.00 in 1Q 2023)First quarter 2024 results: EPS: NT$6.08 (down from NT$7.00 in 1Q 2023). Revenue: NT$1.82b (up 15% from 1Q 2023). Net income: NT$534.7m (down 13% from 1Q 2023). Profit margin: 29% (down from 39% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Apr 28Alexander Marine Co., Ltd. to Report Q1, 2024 Results on May 06, 2024Alexander Marine Co., Ltd. announced that they will report Q1, 2024 results on May 06, 2024
분석 기사 • Apr 16With EPS Growth And More, Alexander Marine (TWSE:8478) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Buy Or Sell Opportunity • Apr 08Now 20% undervaluedOver the last 90 days, the stock has risen 9.3% to NT$411. The fair value is estimated to be NT$515, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.
New Risk • Apr 04New 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 High level of non-cash earnings (27% accrual ratio). Minor Risks Dividend is not well covered by cash flows (220% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change).
분석 기사 • Apr 02At NT$400, Is Alexander Marine Co., Ltd. (TWSE:8478) Worth Looking At Closely?Alexander Marine Co., Ltd. ( TWSE:8478 ), is not the largest company out there, but it saw a decent share price growth...
분석 기사 • Mar 07Alexander Marine Co., Ltd.'s (TWSE:8478) Price Is Right But Growth Is Lacking After Shares Rocket 27%Alexander Marine Co., Ltd. ( TWSE:8478 ) shares have had a really impressive month, gaining 27% after a shaky period...
Reported Earnings • Mar 05Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: NT$23.66 (up from NT$19.93 in FY 2022). Revenue: NT$6.33b (up 14% from FY 2022). Net income: NT$2.08b (up 19% from FY 2022). Profit margin: 33% (up from 32% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Mar 05Now 20% undervaluedOver the last 90 days, the stock has risen 4.6% to NT$413. The fair value is estimated to be NT$517, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 60%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 20% in the next 2 years.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$421, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Leisure industry in Taiwan. Total returns to shareholders of 919% over the past three years.
분석 기사 • Mar 02Alexander Marine (TWSE:8478) Knows How To Allocate Capital EffectivelyTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
공시 • Mar 01Alexander Marine Co., Ltd., Annual General Meeting, Jun 11, 2024Alexander Marine Co., Ltd., Annual General Meeting, Jun 11, 2024. Location: Alexander Marine Co., Ltd. office Building 1 Floor War Room No.1, Jin-fu Rd., Qianzhen Dist., Kaohsiung, Kaohsiung Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's review report of 2023; to consider report on distribution of 2023 employees' compensation and directors' remuneration; to consider adoption of 2023 Business Report and Financial Statements; to consider adoption of the Proposal for Distribution of 2023 earnings; to consider amendment to the Company's Shareholders' Meeting Rules; and to consider other matters.
Buying Opportunity • Nov 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be NT$469, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 78%. Revenue is forecast to grow by 38% in 2 years. Earnings is forecast to grow by 33% in the next 2 years.
New Risk • Oct 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Aug 10New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Share price has been volatile over the past 3 months (8.1% average weekly change).
Price Target Changed • Aug 10Price target decreased by 21% to NT$454Down from NT$572, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$448. Stock is up 110% over the past year. The company is forecast to post earnings per share of NT$24.43 for next year compared to NT$19.93 last year.
Reported Earnings • Aug 08Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: NT$5.68 (down from NT$6.15 in 2Q 2022). Revenue: NT$1.45b (down 10% from 2Q 2022). Net income: NT$499.7m (down 7.6% from 2Q 2022). Profit margin: 34% (in line with 2Q 2022). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$649, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Leisure industry in Taiwan. Total returns to shareholders of 1,657% over the past three years.
Upcoming Dividend • Jul 10Upcoming dividend of NT$10.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 17 July 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$635, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Leisure industry in Taiwan. Total returns to shareholders of 1,627% over the past three years.
공시 • May 09Alexander Marine Co., Ltd. Appoints Yu Chou Huang as Corporate Governance OfficerAlexander Marine Co., Ltd. appointed Yu Chou Huang, CFO of Alexander Marine Co., Ltd. as Corporate Governance Officer. Effective date: May 8, 2023.
Valuation Update With 7 Day Price Move • Apr 21Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$437, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Leisure industry in Taiwan. Total returns to shareholders of 1,410% over the past three years.
Reported Earnings • Mar 24Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: NT$19.93 (up from NT$9.55 in FY 2021). Revenue: NT$5.56b (up 22% from FY 2021). Net income: NT$1.75b (up 105% from FY 2021). Profit margin: 32% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Leisure industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has increased by 163% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$430, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Leisure industry in Taiwan. Total returns to shareholders of 1,621% over the past three years.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$405, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Leisure industry in Taiwan. Total returns to shareholders of 944% over the past three years.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$337, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Leisure industry in Taiwan. Total returns to shareholders of 746% over the past three years.
Valuation Update With 7 Day Price Move • Jan 17Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$378, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Leisure industry in Taiwan. Total returns to shareholders of 781% over the past three years.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$335, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 9x in the Leisure industry in Taiwan. Total returns to shareholders of 677% over the past three years.
Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: NT$4.72 (vs NT$2.02 in 3Q 2021)Third quarter 2022 results: EPS: NT$4.72 (up from NT$2.02 in 3Q 2021). Revenue: NT$1.23b (up 17% from 3Q 2021). Net income: NT$415.4m (up 132% from 3Q 2021). Profit margin: 34% (up from 17% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year whereas the company’s share price has increased by 84% per year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Sheng Hsu Chu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$220, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 10x in the Leisure industry in Taiwan. Total returns to shareholders of 409% over the past three years.
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$278, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 10x in the Leisure industry in Taiwan. Total returns to shareholders of 509% over the past three years.
Valuation Update With 7 Day Price Move • Aug 18Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$260, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 12x in the Leisure industry in Taiwan. Total returns to shareholders of 494% over the past three years.
Reported Earnings • Aug 09Second quarter 2022 earnings released: EPS: NT$6.15 (vs NT$4.48 in 2Q 2021)Second quarter 2022 results: EPS: NT$6.15 (up from NT$4.48 in 2Q 2021). Revenue: NT$1.62b (down 4.2% from 2Q 2021). Net income: NT$540.9m (up 34% from 2Q 2021). Profit margin: 33% (up from 24% 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 80% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 25Upcoming dividend of NT$5.00 per shareEligible shareholders must have bought the stock before 01 August 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (4.4%).
Valuation Update With 7 Day Price Move • Jul 19Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$208, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 333% over the past three years.
Board Change • Jul 05Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Sheng Hsu Chu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$169, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 327% over the past three years.
Valuation Update With 7 Day Price Move • May 30Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$212, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 476% over the past three years.
Reported Earnings • May 11First quarter 2022 earnings released: EPS: NT$4.40 (vs NT$0.10 in 1Q 2021)First quarter 2022 results: EPS: NT$4.40 (up from NT$0.10 in 1Q 2021). Revenue: NT$1.31b (up 91% from 1Q 2021). Net income: NT$387.3m (up NT$378.1m from 1Q 2021). Profit margin: 30% (up from 1.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$186, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 13x in the Leisure industry in Taiwan. Total returns to shareholders of 398% over the past three years.
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. 2 experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Ming Cheng Chang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$172, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 14x in the Leisure industry in Taiwan. Total returns to shareholders of 336% over the past three years.
Reported Earnings • Mar 10Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$9.55 (up from NT$1.04 in FY 2020). Revenue: NT$4.55b (up 7.8% from FY 2020). Net income: NT$854.7m (up NT$760.3m from FY 2020). Profit margin: 19% (up from 2.2% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 16%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$143, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 264% over the past three years.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$110, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 15x in the Leisure industry in Taiwan. Total returns to shareholders of 220% over the past three years.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$2.02 (vs NT$3.27 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.05b (up 22% from 3Q 2020). Net income: NT$179.4m (up NT$475.1m from 3Q 2020). Profit margin: 17% (up from net loss in 3Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 35% per year.
Upcoming Dividend • Oct 11Upcoming dividend of NT$1.02 per shareEligible shareholders must have bought the stock before 18 October 2021. Payment date: 05 November 2021. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.1%).
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$81.30, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 86% over the past three years.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$4.48 (vs NT$2.97 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.69b (up 7.7% from 2Q 2020). Net income: NT$402.7m (up 49% from 2Q 2020). Profit margin: 24% (up from 17% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Executive Departure • Aug 03Independent Director Neng Mou Tu has left the companyOn the 26th of July, Neng Mou Tu's tenure as Independent Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Neng Mou's name. A total of 2 executives have left over the last 12 months.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$86.10, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 20x in the Leisure industry in Taiwan. Total returns to shareholders of 79% over the past three years.
Executive Departure • Aug 03Director Yen Sung Chen has left the companyOn the 26th of July, Yen Sung Chen's tenure as Director ended after 2.1 years in the role. We don't have any record of a personal shareholding under Yen Sung's name. A total of 2 executives have left over the last 12 months.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$66.30, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 20x in the Leisure industry in Taiwan. Total returns to shareholders of 21% over the past three years.
Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$47.70, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 20x in the Leisure industry in Taiwan. Total loss to shareholders of 7.2% over the past three years.
Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$0.10 (vs NT$0.49 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$683.9m (up 42% from 1Q 2020). Net income: NT$9.28m (up NT$53.4m from 1Q 2020). Profit margin: 1.4% (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 fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
분석 기사 • Apr 21Does It Make Sense To Buy Alexander Marine Co., Ltd. (TPE:8478) For Its Yield?Today we'll take a closer look at Alexander Marine Co., Ltd. ( TPE:8478 ) from a dividend investor's perspective...
분석 기사 • Apr 02We Think Alexander Marine (TPE:8478) Is Taking Some Risk With Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$57.70, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 23x in the Leisure industry in Taiwan. Total returns to shareholders of 5.1% over the past three years.
Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$1.04 (vs NT$0.50 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.22b (up 14% from FY 2019). Net income: NT$94.5m (up 105% from FY 2019). Profit margin: 2.2% (up from 1.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% 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.
분석 기사 • Feb 25Has Alexander Marine (TPE:8478) Got What It Takes To Become A Multi-Bagger?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Is New 90 Day High Low • Feb 01New 90-day low: NT$40.10The company is down 35% from its price of NT$61.70 on 03 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 1.0% over the same period.
분석 기사 • Jan 21Is Alexander Marine Co., Ltd.'s (TPE:8478) 4.5% ROE Worse Than Average?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$40.75, the stock is trading at a trailing P/E ratio of 34.8x, down from the previous P/E ratio of 41.1x. This compares to an average P/E of 23x in the Leisure industry in Taiwan. Total return to shareholders over the past three years is a loss of 38%.
