View ValuationYC InoxLtd 향후 성장Future 기준 점검 0/6YC InoxLtd의 수익이 증가할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률Metals and Mining 이익 성장88.4%매출 성장률5.0%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트15 May 2026최근 향후 성장 업데이트Price Target Changed • May 17Price target decreased by 12% to NT$22.00Down from NT$24.90, the current price target is provided by 1 analyst. New target price is 11% above last closing price of NT$19.85. Stock is down 16% over the past year. The company posted earnings per share of NT$0.21 last year.Price Target Changed • Nov 16Price target increased to NT$27.00Up from NT$23.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$27.70. Stock is down 12% over the past year. The company posted earnings per share of NT$2.86 last year.모든 업데이트 보기Recent updatesPrice Target Changed • May 17Price target decreased by 12% to NT$22.00Down from NT$24.90, the current price target is provided by 1 analyst. New target price is 11% above last closing price of NT$19.85. Stock is down 16% over the past year. The company posted earnings per share of NT$0.21 last year.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.21 (vs NT$0.22 loss in FY 2024)Full year 2025 results: EPS: NT$0.21 (up from NT$0.22 loss in FY 2024). Revenue: NT$12.5b (down 14% from FY 2024). Net income: NT$107.6m (up NT$211.1m from FY 2024). Profit margin: 0.9% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.공시 • Mar 12YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2026YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: no,270, sec.4 chung shan rd., sijhou township, changhua county TaiwanReported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.40 (vs NT$0.006 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.40 (up from NT$0.006 in 3Q 2024). Revenue: NT$2.96b (down 22% from 3Q 2024). Net income: NT$210.9m (up NT$208.1m from 3Q 2024). Profit margin: 7.1% (up from 0.1% in 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 10Second quarter 2025 earnings released: NT$0.58 loss per share (vs NT$0.063 profit in 2Q 2024)Second quarter 2025 results: NT$0.58 loss per share (down from NT$0.063 profit in 2Q 2024). Revenue: NT$3.33b (down 6.0% from 2Q 2024). Net loss: NT$302.2m (down NT$331.8m from profit in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jul 08Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 15 July 2025. Payment date: 11 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).Declared Dividend • Jun 18Dividend of NT$1.00 announcedShareholders will receive a dividend of NT$1.00. Ex-date: 15th July 2025 Payment date: 11th August 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (447% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 397% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend.Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.50 (vs NT$0.10 in 1Q 2024)First quarter 2025 results: EPS: NT$0.50 (up from NT$0.10 in 1Q 2024). Revenue: NT$3.63b (up 17% from 1Q 2024). Net income: NT$261.6m (up 440% from 1Q 2024). Profit margin: 7.2% (up from 1.6% in 1Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.공시 • Apr 01YC Inox Co.,Ltd Announces Executive ChangesYC Inox Co.,Ltd announced that name and resume of the previous position holder: Chiu, Yu-Ting, Assistant Manager of the Accounting Division. Reason for the change: Position adjustment. Effective date is March 31, 2025. The duties of the Accounting Officer will temporarily be performed by the Company's Deputy General Manager, Li, Chao-Ching. The appointment of the new Accounting Officer will be announced after the approval by the Audit Committee and the Board of Directors.Reported Earnings • Mar 13Full year 2024 earnings released: NT$0.22 loss per share (vs NT$0.38 loss in FY 2023)Full year 2024 results: NT$0.22 loss per share (improved from NT$0.38 loss in FY 2023). Revenue: NT$14.5b (down 4.7% from FY 2023). Net loss: NT$103.5m (loss narrowed 39% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.공시 • Mar 11YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2025YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,270, sec.4 chung shan rd., sijhou township, changhua county TaiwanNew Risk • Feb 21New 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 Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).분석 기사 • Feb 14YC Inox Co.,Ltd's (TWSE:2034) Shares Climb 30% But Its Business Is Yet to Catch UpThe YC Inox Co.,Ltd ( TWSE:2034 ) share price has done very well over the last month, posting an excellent gain of 30...Buy Or Sell Opportunity • Dec 25Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to NT$20.05. The fair value is estimated to be NT$16.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.1% increase in shares outstanding).Buy Or Sell Opportunity • Dec 04Now 21% overvaluedOver the last 90 days, the stock has fallen 11% to NT$20.00. The fair value is estimated to be NT$16.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Nov 15Now 22% overvaluedOver the last 90 days, the stock has fallen 15% to NT$19.75. The fair value is estimated to be NT$16.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.006 (vs NT$0.42 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.006 (up from NT$0.42 loss in 3Q 2023). Revenue: NT$3.80b (down 6.6% from 3Q 2023). Net income: NT$2.80m (up NT$190.7m from 3Q 2023). Profit margin: 0.1% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.공시 • Oct 31YC Inox Co.,Ltd to Report Q3, 2024 Results on Nov 07, 2024YC Inox Co.,Ltd announced that they will report Q3, 2024 results on Nov 07, 2024공시 • Aug 17YC Inox Co.,Ltd has filed a Follow-on Equity Offering.YC Inox Co.,Ltd has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 37,500,000 Security Name: Shares Security Type: Common Stock Securities Offered: 7,500,000 Security Name: Shares Security Type: Common Stock Securities Offered: 5,000,000 Transaction Features: Reserved Share Offering; Rights OfferingReported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.46 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.06 (down from NT$0.46 in 2Q 2023). Revenue: NT$3.54b (down 7.2% from 2Q 2023). Net income: NT$29.6m (down 86% from 2Q 2023). Profit margin: 0.8% (down from 5.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.공시 • Jul 30YC Inox Co.,Ltd to Report Q2, 2024 Results on Aug 09, 2024YC Inox Co.,Ltd announced that they will report Q2, 2024 results on Aug 09, 2024Upcoming Dividend • Jul 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 July 2024. Payment date: 23 August 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.7%).분석 기사 • Jul 15YC InoxLtd (TWSE:2034) Will Pay A Smaller Dividend Than Last YearYC Inox Co.,Ltd's ( TWSE:2034 ) dividend is being reduced from last year's payment covering the same period to NT$1.00...분석 기사 • Jul 01YC InoxLtd (TWSE:2034) Has Announced That Its Dividend Will Be Reduced To NT$1.00YC Inox Co.,Ltd ( TWSE:2034 ) has announced that on 23rd of August, it will be paying a dividend ofNT$1.00, which a...Declared Dividend • Jul 01Dividend reduced to NT$1.00Dividend of NT$1.00 is 33% lower than last year. Ex-date: 26th July 2024 Payment date: 23rd August 2024 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (118% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time.Reported Earnings • May 07First quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.21 in 1Q 2023)First quarter 2024 results: EPS: NT$0.10 (down from NT$0.21 in 1Q 2023). Revenue: NT$3.10b (down 20% from 1Q 2023). Net income: NT$48.4m (down 48% from 1Q 2023). Profit margin: 1.6% (down from 2.4% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.공시 • Apr 28YC Inox Co.,Ltd to Report Q1, 2024 Results on May 06, 2024YC Inox Co.,Ltd announced that they will report Q1, 2024 results on May 06, 2024New Risk • Apr 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (5.5% increase in shares outstanding).Board Change • Mar 23Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang 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.Reported Earnings • Mar 09Full year 2023 earnings released: NT$0.38 loss per share (vs NT$1.16 profit in FY 2022)Full year 2023 results: NT$0.38 loss per share (down from NT$1.16 profit in FY 2022). Revenue: NT$15.2b (down 9.5% from FY 2022). Net loss: NT$169.8m (down 133% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 43% 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.공시 • Mar 09YC Inox Co.,Ltd, Annual General Meeting, Jun 17, 2024YC Inox Co.,Ltd, Annual General Meeting, Jun 17, 2024. Location: YC INOX's Headquarters, No.270, Sec. 4 Jungshan Rd., Shijou Township, Chang-Hwa County 524, R.O.C. Taiwan Changhua Country Taiwan Agenda: To consider the 2023 Business report; to consider the 2023 Audit Committee's review report; to consider the 2023 employees’ profit sharing and directors' compensation; to consider the Execution status of the 3rd domestic unsecured convertible corporate bonds; to consider the Amendment of Rules of Procedure for Shareholders' Meeting; to adopt the lifting of non-competition restrictions for newly-elected directors; and to consider other matters.Buy Or Sell Opportunity • Mar 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.9% to NT$24.90. The fair value is estimated to be NT$31.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Meanwhile, the company became loss making.New Risk • Aug 08New major risk - Revenue and earnings growthEarnings have declined by 2.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 28x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin).Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: NT$0.46 (vs NT$0.84 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.46 (down from NT$0.84 in 2Q 2022). Revenue: NT$3.81b (down 23% from 2Q 2022). Net income: NT$205.2m (down 45% from 2Q 2022). Profit margin: 5.4% (down from 7.5% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.Upcoming Dividend • Jul 13Upcoming dividend of NT$1.50 per share at 5.2% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 18 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).Reported Earnings • Mar 11Full year 2022 earnings released: EPS: NT$1.16 (vs NT$2.86 in FY 2021)Full year 2022 results: EPS: NT$1.16 (down from NT$2.86 in FY 2021). Revenue: NT$16.8b (down 5.3% from FY 2021). Net income: NT$518.3m (down 59% from FY 2021). Profit margin: 3.1% (down from 7.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target increased to NT$27.00Up from NT$23.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$27.70. Stock is down 12% over the past year. The company posted earnings per share of NT$2.86 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang 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.Reported Earnings • Nov 08Third quarter 2022 earnings released: EPS: NT$0.60 (vs NT$0.74 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.60 (down from NT$0.74 in 3Q 2021). Revenue: NT$4.35b (down 18% from 3Q 2021). Net income: NT$265.6m (down 18% from 3Q 2021). Profit margin: 6.1% (in line with 3Q 2021). Revenue is expected to fall by 3.4% p.a. on average during the next 2 years compared to a 3.8% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$0.84 (vs NT$0.70 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.84 (up from NT$0.70 in 2Q 2021). Revenue: NT$4.97b (up 12% from 2Q 2021). Net income: NT$372.2m (up 21% from 2Q 2021). Profit margin: 7.5% (up from 6.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to decline by 3.0% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 12Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 18 August 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (8.9%).공시 • Jun 17Yc Inox Co., Ltd. Announces Dividend, Cash Dividend Payment Date:2022/08/18YC Inox Co., Ltd. announced The Board of Directors has adopted the ex-dividend record date. Date of the resolution by the board of directors or shareholders meeting or decision by the Company:2022/06/16. Type of ex-rights or ex-dividend: Ex-dividend. Type and monetary amount of dividend distribution: Earnings distribution by cash in total of TWD 666,963,791(TWD 1.49760191 per share). Ex-rights (ex-dividend) trading date:2022/07/19. Last date before book closure:2022/07/20. Book closure starting date:2022/07/21. book closure ending date:2022/07/25. Ex-rights (ex-dividend) record date:2022/07/25. Any other matters that need to be specified: (1)Cash dividend payment date:2022/08/18 (2)The book closure period for conversion of the 3rd domestic unsecured convertible corporate bonds will be 2022/06/30 to 2022/07/25.Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.95 (vs NT$0.45 in 1Q 2021)First quarter 2022 results: EPS: NT$0.95 (up from NT$0.45 in 1Q 2021). Revenue: NT$4.08b (up 20% from 1Q 2021). Net income: NT$421.6m (up 113% from 1Q 2021). Profit margin: 10% (up from 5.8% 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 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang 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.Reported Earnings • Nov 08Third quarter 2021 earnings released: EPS NT$0.74 (vs NT$0.46 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$5.31b (up 72% from 3Q 2020). Net income: NT$323.9m (up 72% from 3Q 2020). Profit margin: 6.1% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 28Upcoming dividend of NT$1.48 per shareEligible shareholders must have bought the stock before 05 October 2021. Payment date: 01 November 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (1.6%).Executive Departure • Aug 26Director Tien-Shang Hsieh has left the companyOn the 23rd of August, Tien-Shang Hsieh's tenure as Director ended after 6.2 years in the role. We don't have any record of a personal shareholding under Tien-Shang's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.Executive Departure • Aug 26Director Shu-Ying Chang has left the companyOn the 23rd of August, Shu-Ying Chang's tenure as Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Shu-Ying's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.34 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.43b (up 53% from 2Q 2020). Net income: NT$307.1m (up 123% from 2Q 2020). Profit margin: 6.9% (up from 4.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$44.35, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 32x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 99% over the past three years.Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$37.80, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 25x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 76% over the past three years.Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to NT$26.60, the stock trades at a trailing P/E ratio of 23.1x. Average forward P/E is 10x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 21% over the past three years.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.35 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$3.39b (down 9.8% from 1Q 2020). Net income: NT$197.8m (up 38% from 1Q 2020). Profit margin: 5.8% (up from 3.8% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.분석 기사 • May 01YC InoxLtd (TPE:2034) Could Be Struggling To Allocate CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...분석 기사 • Apr 16Calculating The Fair Value Of YC Inox Co.,Ltd (TPE:2034)In this article we are going to estimate the intrinsic value of YC Inox Co.,Ltd ( TPE:2034 ) by estimating the...분석 기사 • Apr 01YC InoxLtd's (TPE:2034) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that YC Inox Co.,Ltd's ( TPE:2034 ) recent earnings didn't contain any surprises...Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$1.04 (vs NT$1.53 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$12.7b (down 22% from FY 2019). Net income: NT$423.6m (down 32% from FY 2019). Profit margin: 3.3% (down from 3.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.분석 기사 • Mar 19Can You Imagine How YC InoxLtd's (TPE:2034) Shareholders Feel About The 22% Share Price Increase?On average, over time, stock markets tend to rise higher. This makes investing attractive. But not every stock you buy...분석 기사 • Feb 17YC Inox Co.,Ltd's (TPE:2034) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?YC InoxLtd's (TPE:2034) stock up by 5.6% over the past three months. However, in this article, we decided to focus on...분석 기사 • Jan 30Is YC Inox Co.,Ltd (TPE:2034) A Strong Dividend Stock?Dividend paying stocks like YC Inox Co.,Ltd ( TPE:2034 ) tend to be popular with investors, and for good reason - some...Is New 90 Day High Low • Dec 30New 90-day high: NT$28.50The company is up 24% from its price of NT$22.90 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$16.03 per share.Is New 90 Day High Low • Dec 14New 90-day high: NT$26.90The company is up 14% from its price of NT$23.65 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$16.04 per share.Is New 90 Day High Low • Nov 25New 90-day high: NT$24.50The company is up 4.0% from its price of NT$23.50 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$15.14 per share.Analyst Estimate Surprise Post Earnings • Nov 01Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 0.005% at NT$3.09b. Revenue is forecast to grow 5.3% over the next year, compared to a 3.0% growth forecast for the Metals and Mining industry in Taiwan.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$440.7m, down 41% from the prior year. Total revenue was NT$13.5b over the last 12 months, down 19% from the prior year.Is New 90 Day High Low • Sep 26New 90-day low: NT$22.80The company is down 8.0% from its price of NT$24.80 on 24 June 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period.이익 및 매출 성장 예측TWSE:2034 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202712,772N/AN/A1,081112/31/202611,894N/AN/A75313/31/202611,744-152-917-152N/A12/31/202512,543108-657307N/A9/30/202514,003-14-1,518-175N/A6/30/202514,844-222-2,063-413N/A3/31/202515,056110-1,968-200N/A12/31/202414,522-103-2,018-222N/A9/30/202413,892-200-1,382160N/A6/30/202414,163-390-607662N/A3/31/202414,438-2153971,547N/A12/31/202315,232-170-276939N/A9/30/202315,211-4301031,285N/A6/30/202315,4992391,198N/A3/31/202316,651190-967334N/A12/31/202216,8405182411,610N/A9/30/202218,0541,491-1641,320N/A6/30/202219,0051,549-2,128-559N/A3/31/202218,4681,484-2,011-529N/A12/31/202117,7781,260-2,686-1,587N/A9/30/202116,092783-2,924-2,038N/A6/30/202113,879647-1,377-697N/A3/31/202112,348478341779N/A12/31/202012,7174241,1451,751N/A9/30/202013,4844411,0511,521N/A6/30/202014,9404536331,551N/A3/31/202016,047518-103906N/A12/31/201916,309624N/A657N/A9/30/201916,718745N/A2,063N/A6/30/201917,148783N/A2,307N/A3/31/201918,450968N/A2,762N/A12/31/201819,130910N/A2,325N/A9/30/201819,524985N/A910N/A6/30/201819,117971N/A1,987N/A3/31/201818,894786N/A1,668N/A12/31/201719,266816N/A1,012N/A9/30/201719,455906N/A1,297N/A6/30/201719,502870N/A298N/A3/31/201718,788873N/A-679N/A12/31/201617,625794N/A349N/A9/30/201616,790632N/A215N/A6/30/201616,574650N/A785N/A3/31/201617,297523N/A1,788N/A12/31/201518,375531N/A2,097N/A9/30/201519,963580N/A4,573N/A6/30/201522,346700N/A4,695N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2034 의 예상 수익 증가율이 절약률(1.3%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: 2034 의 수익이 TW 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: 2034 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: 2034 의 수익(연간 5%)이 TW 시장(연간 18.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 2034 의 수익(연간 5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2034의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 01:40종가2026/05/21 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 소스YC Inox Co.,Ltd는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jihong LaiCapital Securities CorporationMarc WangKGI Securities Co. Ltd.Liangyu KoMasterlink Securities Investment Advisory2명의 분석가 더 보기
Price Target Changed • May 17Price target decreased by 12% to NT$22.00Down from NT$24.90, the current price target is provided by 1 analyst. New target price is 11% above last closing price of NT$19.85. Stock is down 16% over the past year. The company posted earnings per share of NT$0.21 last year.
Price Target Changed • Nov 16Price target increased to NT$27.00Up from NT$23.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$27.70. Stock is down 12% over the past year. The company posted earnings per share of NT$2.86 last year.
Price Target Changed • May 17Price target decreased by 12% to NT$22.00Down from NT$24.90, the current price target is provided by 1 analyst. New target price is 11% above last closing price of NT$19.85. Stock is down 16% over the past year. The company posted earnings per share of NT$0.21 last year.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.21 (vs NT$0.22 loss in FY 2024)Full year 2025 results: EPS: NT$0.21 (up from NT$0.22 loss in FY 2024). Revenue: NT$12.5b (down 14% from FY 2024). Net income: NT$107.6m (up NT$211.1m from FY 2024). Profit margin: 0.9% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
공시 • Mar 12YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2026YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: no,270, sec.4 chung shan rd., sijhou township, changhua county Taiwan
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$0.40 (vs NT$0.006 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.40 (up from NT$0.006 in 3Q 2024). Revenue: NT$2.96b (down 22% from 3Q 2024). Net income: NT$210.9m (up NT$208.1m from 3Q 2024). Profit margin: 7.1% (up from 0.1% in 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 10Second quarter 2025 earnings released: NT$0.58 loss per share (vs NT$0.063 profit in 2Q 2024)Second quarter 2025 results: NT$0.58 loss per share (down from NT$0.063 profit in 2Q 2024). Revenue: NT$3.33b (down 6.0% from 2Q 2024). Net loss: NT$302.2m (down NT$331.8m from profit in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jul 08Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 15 July 2025. Payment date: 11 August 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%).
Declared Dividend • Jun 18Dividend of NT$1.00 announcedShareholders will receive a dividend of NT$1.00. Ex-date: 15th July 2025 Payment date: 11th August 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (447% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 397% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.50 (vs NT$0.10 in 1Q 2024)First quarter 2025 results: EPS: NT$0.50 (up from NT$0.10 in 1Q 2024). Revenue: NT$3.63b (up 17% from 1Q 2024). Net income: NT$261.6m (up 440% from 1Q 2024). Profit margin: 7.2% (up from 1.6% in 1Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
공시 • Apr 01YC Inox Co.,Ltd Announces Executive ChangesYC Inox Co.,Ltd announced that name and resume of the previous position holder: Chiu, Yu-Ting, Assistant Manager of the Accounting Division. Reason for the change: Position adjustment. Effective date is March 31, 2025. The duties of the Accounting Officer will temporarily be performed by the Company's Deputy General Manager, Li, Chao-Ching. The appointment of the new Accounting Officer will be announced after the approval by the Audit Committee and the Board of Directors.
Reported Earnings • Mar 13Full year 2024 earnings released: NT$0.22 loss per share (vs NT$0.38 loss in FY 2023)Full year 2024 results: NT$0.22 loss per share (improved from NT$0.38 loss in FY 2023). Revenue: NT$14.5b (down 4.7% from FY 2023). Net loss: NT$103.5m (loss narrowed 39% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
공시 • Mar 11YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2025YC Inox Co.,Ltd, Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,270, sec.4 chung shan rd., sijhou township, changhua county Taiwan
New Risk • Feb 21New 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 Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding).
분석 기사 • Feb 14YC Inox Co.,Ltd's (TWSE:2034) Shares Climb 30% But Its Business Is Yet to Catch UpThe YC Inox Co.,Ltd ( TWSE:2034 ) share price has done very well over the last month, posting an excellent gain of 30...
Buy Or Sell Opportunity • Dec 25Now 20% overvaluedOver the last 90 days, the stock has fallen 16% to NT$20.05. The fair value is estimated to be NT$16.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.1% increase in shares outstanding).
Buy Or Sell Opportunity • Dec 04Now 21% overvaluedOver the last 90 days, the stock has fallen 11% to NT$20.00. The fair value is estimated to be NT$16.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Nov 15Now 22% overvaluedOver the last 90 days, the stock has fallen 15% to NT$19.75. The fair value is estimated to be NT$16.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.006 (vs NT$0.42 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.006 (up from NT$0.42 loss in 3Q 2023). Revenue: NT$3.80b (down 6.6% from 3Q 2023). Net income: NT$2.80m (up NT$190.7m from 3Q 2023). Profit margin: 0.1% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
공시 • Oct 31YC Inox Co.,Ltd to Report Q3, 2024 Results on Nov 07, 2024YC Inox Co.,Ltd announced that they will report Q3, 2024 results on Nov 07, 2024
공시 • Aug 17YC Inox Co.,Ltd has filed a Follow-on Equity Offering.YC Inox Co.,Ltd has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 37,500,000 Security Name: Shares Security Type: Common Stock Securities Offered: 7,500,000 Security Name: Shares Security Type: Common Stock Securities Offered: 5,000,000 Transaction Features: Reserved Share Offering; Rights Offering
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.46 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.06 (down from NT$0.46 in 2Q 2023). Revenue: NT$3.54b (down 7.2% from 2Q 2023). Net income: NT$29.6m (down 86% from 2Q 2023). Profit margin: 0.8% (down from 5.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
공시 • Jul 30YC Inox Co.,Ltd to Report Q2, 2024 Results on Aug 09, 2024YC Inox Co.,Ltd announced that they will report Q2, 2024 results on Aug 09, 2024
Upcoming Dividend • Jul 19Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 26 July 2024. Payment date: 23 August 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.7%).
분석 기사 • Jul 15YC InoxLtd (TWSE:2034) Will Pay A Smaller Dividend Than Last YearYC Inox Co.,Ltd's ( TWSE:2034 ) dividend is being reduced from last year's payment covering the same period to NT$1.00...
분석 기사 • Jul 01YC InoxLtd (TWSE:2034) Has Announced That Its Dividend Will Be Reduced To NT$1.00YC Inox Co.,Ltd ( TWSE:2034 ) has announced that on 23rd of August, it will be paying a dividend ofNT$1.00, which a...
Declared Dividend • Jul 01Dividend reduced to NT$1.00Dividend of NT$1.00 is 33% lower than last year. Ex-date: 26th July 2024 Payment date: 23rd August 2024 Dividend yield will be 3.9%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (118% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time.
Reported Earnings • May 07First quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.21 in 1Q 2023)First quarter 2024 results: EPS: NT$0.10 (down from NT$0.21 in 1Q 2023). Revenue: NT$3.10b (down 20% from 1Q 2023). Net income: NT$48.4m (down 48% from 1Q 2023). Profit margin: 1.6% (down from 2.4% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
공시 • Apr 28YC Inox Co.,Ltd to Report Q1, 2024 Results on May 06, 2024YC Inox Co.,Ltd announced that they will report Q1, 2024 results on May 06, 2024
New Risk • Apr 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (5.5% increase in shares outstanding).
Board Change • Mar 23Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang 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.
Reported Earnings • Mar 09Full year 2023 earnings released: NT$0.38 loss per share (vs NT$1.16 profit in FY 2022)Full year 2023 results: NT$0.38 loss per share (down from NT$1.16 profit in FY 2022). Revenue: NT$15.2b (down 9.5% from FY 2022). Net loss: NT$169.8m (down 133% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 43% 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.
공시 • Mar 09YC Inox Co.,Ltd, Annual General Meeting, Jun 17, 2024YC Inox Co.,Ltd, Annual General Meeting, Jun 17, 2024. Location: YC INOX's Headquarters, No.270, Sec. 4 Jungshan Rd., Shijou Township, Chang-Hwa County 524, R.O.C. Taiwan Changhua Country Taiwan Agenda: To consider the 2023 Business report; to consider the 2023 Audit Committee's review report; to consider the 2023 employees’ profit sharing and directors' compensation; to consider the Execution status of the 3rd domestic unsecured convertible corporate bonds; to consider the Amendment of Rules of Procedure for Shareholders' Meeting; to adopt the lifting of non-competition restrictions for newly-elected directors; and to consider other matters.
Buy Or Sell Opportunity • Mar 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.9% to NT$24.90. The fair value is estimated to be NT$31.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Aug 08New major risk - Revenue and earnings growthEarnings have declined by 2.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 28x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin).
Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: NT$0.46 (vs NT$0.84 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.46 (down from NT$0.84 in 2Q 2022). Revenue: NT$3.81b (down 23% from 2Q 2022). Net income: NT$205.2m (down 45% from 2Q 2022). Profit margin: 5.4% (down from 7.5% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.
Upcoming Dividend • Jul 13Upcoming dividend of NT$1.50 per share at 5.2% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 18 August 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.8%).
Reported Earnings • Mar 11Full year 2022 earnings released: EPS: NT$1.16 (vs NT$2.86 in FY 2021)Full year 2022 results: EPS: NT$1.16 (down from NT$2.86 in FY 2021). Revenue: NT$16.8b (down 5.3% from FY 2021). Net income: NT$518.3m (down 59% from FY 2021). Profit margin: 3.1% (down from 7.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target increased to NT$27.00Up from NT$23.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$27.70. Stock is down 12% over the past year. The company posted earnings per share of NT$2.86 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang 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.
Reported Earnings • Nov 08Third quarter 2022 earnings released: EPS: NT$0.60 (vs NT$0.74 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.60 (down from NT$0.74 in 3Q 2021). Revenue: NT$4.35b (down 18% from 3Q 2021). Net income: NT$265.6m (down 18% from 3Q 2021). Profit margin: 6.1% (in line with 3Q 2021). Revenue is expected to fall by 3.4% p.a. on average during the next 2 years compared to a 3.8% decline forecast for the Metals and Mining industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: NT$0.84 (vs NT$0.70 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.84 (up from NT$0.70 in 2Q 2021). Revenue: NT$4.97b (up 12% from 2Q 2021). Net income: NT$372.2m (up 21% from 2Q 2021). Profit margin: 7.5% (up from 6.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to decline by 3.0% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 12Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 19 July 2022. Payment date: 18 August 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (8.9%).
공시 • Jun 17Yc Inox Co., Ltd. Announces Dividend, Cash Dividend Payment Date:2022/08/18YC Inox Co., Ltd. announced The Board of Directors has adopted the ex-dividend record date. Date of the resolution by the board of directors or shareholders meeting or decision by the Company:2022/06/16. Type of ex-rights or ex-dividend: Ex-dividend. Type and monetary amount of dividend distribution: Earnings distribution by cash in total of TWD 666,963,791(TWD 1.49760191 per share). Ex-rights (ex-dividend) trading date:2022/07/19. Last date before book closure:2022/07/20. Book closure starting date:2022/07/21. book closure ending date:2022/07/25. Ex-rights (ex-dividend) record date:2022/07/25. Any other matters that need to be specified: (1)Cash dividend payment date:2022/08/18 (2)The book closure period for conversion of the 3rd domestic unsecured convertible corporate bonds will be 2022/06/30 to 2022/07/25.
Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.95 (vs NT$0.45 in 1Q 2021)First quarter 2022 results: EPS: NT$0.95 (up from NT$0.45 in 1Q 2021). Revenue: NT$4.08b (up 20% from 1Q 2021). Net income: NT$421.6m (up 113% from 1Q 2021). Profit margin: 10% (up from 5.8% 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 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Wei-Lun Chang 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.
Reported Earnings • Nov 08Third quarter 2021 earnings released: EPS NT$0.74 (vs NT$0.46 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$5.31b (up 72% from 3Q 2020). Net income: NT$323.9m (up 72% from 3Q 2020). Profit margin: 6.1% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 28Upcoming dividend of NT$1.48 per shareEligible shareholders must have bought the stock before 05 October 2021. Payment date: 01 November 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (1.6%).
Executive Departure • Aug 26Director Tien-Shang Hsieh has left the companyOn the 23rd of August, Tien-Shang Hsieh's tenure as Director ended after 6.2 years in the role. We don't have any record of a personal shareholding under Tien-Shang's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.
Executive Departure • Aug 26Director Shu-Ying Chang has left the companyOn the 23rd of August, Shu-Ying Chang's tenure as Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Shu-Ying's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.34 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.43b (up 53% from 2Q 2020). Net income: NT$307.1m (up 123% from 2Q 2020). Profit margin: 6.9% (up from 4.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$44.35, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 32x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 99% over the past three years.
Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$37.80, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 25x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 76% over the past three years.
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to NT$26.60, the stock trades at a trailing P/E ratio of 23.1x. Average forward P/E is 10x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 21% over the past three years.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.45 (vs NT$0.35 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$3.39b (down 9.8% from 1Q 2020). Net income: NT$197.8m (up 38% from 1Q 2020). Profit margin: 5.8% (up from 3.8% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
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Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$1.04 (vs NT$1.53 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$12.7b (down 22% from FY 2019). Net income: NT$423.6m (down 32% from FY 2019). Profit margin: 3.3% (down from 3.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
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Is New 90 Day High Low • Dec 30New 90-day high: NT$28.50The company is up 24% from its price of NT$22.90 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$16.03 per share.
Is New 90 Day High Low • Dec 14New 90-day high: NT$26.90The company is up 14% from its price of NT$23.65 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$16.04 per share.
Is New 90 Day High Low • Nov 25New 90-day high: NT$24.50The company is up 4.0% from its price of NT$23.50 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$15.14 per share.
Analyst Estimate Surprise Post Earnings • Nov 01Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 0.005% at NT$3.09b. Revenue is forecast to grow 5.3% over the next year, compared to a 3.0% growth forecast for the Metals and Mining industry in Taiwan.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$440.7m, down 41% from the prior year. Total revenue was NT$13.5b over the last 12 months, down 19% from the prior year.
Is New 90 Day High Low • Sep 26New 90-day low: NT$22.80The company is down 8.0% from its price of NT$24.80 on 24 June 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period.