GamesparcsLtd (6542) 주식 개요는 게임의 설계, 개발, 운영 및 라이선싱을 담당합니다. 자세히 보기6542 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적1/6재무 건전성6/6배당0/6위험 분석높은 수준의 비현금 수입의미 있는 시가총액이 없습니다(NT$2B)이익 마진 (0.2%)이 지난해 (6%)보다 낮습니다.모든 위험 점검 보기6542 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$47.5030.3% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-149m3b2016201920222025202620282031Revenue NT$1.1bEarnings NT$1.8mAdvancedSet Fair ValueView all narrativesGamesparcs Co.,Ltd. 경쟁사MacroWell OMG Digital EntertainmentSymbol: TPEX:3687Market cap: NT$2.1bChinese Gamer InternationalSymbol: TPEX:3083Market cap: NT$2.3bFun Yours TechnologyLtdSymbol: TPEX:6482Market cap: NT$836.1mUSERJOY TechnologyLtdSymbol: TPEX:3546Market cap: NT$4.8b가격 이력 및 성과GamesparcsLtd 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가NT$47.5052주 최고가NT$59.4052주 최저가NT$42.55베타0.321개월 변동-6.13%3개월 변동-11.22%1년 변동-18.10%3년 변동-9.18%5년 변동-33.00%IPO 이후 변동-58.11%최근 뉴스 및 업데이트Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.044 (vs NT$0.029 in 1Q 2025)First quarter 2026 results: EPS: NT$0.044 (up from NT$0.029 in 1Q 2025). Revenue: NT$267.5m (up 21% from 1Q 2025). Net income: NT$1.84m (up 52% from 1Q 2025). Profit margin: 0.7% (up from 0.5% 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 62% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Declared Dividend • May 09Dividend reduced to NT$0.02Dividend of NT$0.02 is 99% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 0.04%, which is lower than the industry average of 4.3%.Reported Earnings • Mar 09Full year 2025 earnings released: EPS: NT$0.02 (vs NT$2.04 in FY 2024)Full year 2025 results: EPS: NT$0.02 (down from NT$2.04 in FY 2024). Revenue: NT$884.0m (up 10% from FY 2024). Net income: NT$924.0k (down 99% from FY 2024). Profit margin: 0.1% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공시 • Mar 06Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026. Location: b1 floor no,57, kuan ch`ien rd., west district, taichung city TaiwanReported Earnings • Nov 12Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.47 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.47 profit in 3Q 2024). Revenue: NT$208.9m (up 12% from 3Q 2024). Net loss: NT$13.3m (down 168% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • Aug 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 56% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Paying a dividend despite having no free cash flows. High level of non-cash earnings (56% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.02b market cap, or US$66.6m).더 많은 업데이트 보기Recent updatesReported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.044 (vs NT$0.029 in 1Q 2025)First quarter 2026 results: EPS: NT$0.044 (up from NT$0.029 in 1Q 2025). Revenue: NT$267.5m (up 21% from 1Q 2025). Net income: NT$1.84m (up 52% from 1Q 2025). Profit margin: 0.7% (up from 0.5% 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 62% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Declared Dividend • May 09Dividend reduced to NT$0.02Dividend of NT$0.02 is 99% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 0.04%, which is lower than the industry average of 4.3%.Reported Earnings • Mar 09Full year 2025 earnings released: EPS: NT$0.02 (vs NT$2.04 in FY 2024)Full year 2025 results: EPS: NT$0.02 (down from NT$2.04 in FY 2024). Revenue: NT$884.0m (up 10% from FY 2024). Net income: NT$924.0k (down 99% from FY 2024). Profit margin: 0.1% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공시 • Mar 06Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026. Location: b1 floor no,57, kuan ch`ien rd., west district, taichung city TaiwanReported Earnings • Nov 12Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.47 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.47 profit in 3Q 2024). Revenue: NT$208.9m (up 12% from 3Q 2024). Net loss: NT$13.3m (down 168% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.New Risk • Aug 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 56% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Paying a dividend despite having no free cash flows. High level of non-cash earnings (56% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.02b market cap, or US$66.6m).Upcoming Dividend • Jun 25Upcoming dividend of NT$1.83 per shareEligible shareholders must have bought the stock before 02 July 2025. Payment date: 25 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.9%).New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 160% Cash payout ratio: 103% Minor Risks Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (NT$2.58b market cap, or US$85.2m).Declared Dividend • May 10Dividend increased to NT$1.83Dividend of NT$1.83 is 83% higher than last year. Ex-date: 2nd July 2025 Payment date: 25th July 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (89.9% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 56% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.공시 • May 01Gamesparcs Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025Gamesparcs Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to NT$46.80, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 20x in the Entertainment industry in Taiwan. Total loss to shareholders of 3.1% over the past three years.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$2.03 (vs NT$2.43 in FY 2023)Full year 2024 results: EPS: NT$2.03 (down from NT$2.43 in FY 2023). Revenue: NT$802.1m (up 3.6% from FY 2023). Net income: NT$85.5m (down 16% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Mar 12Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2025Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2025. Location: 14 floor no,1049, chien hsing rd., west district, taichung city Taiwan공시 • Mar 04Gamesparcs Co.,Ltd. to Report Q4, 2024 Results on Mar 11, 2025Gamesparcs Co.,Ltd. announced that they will report Q4, 2024 results on Mar 11, 2025Buy Or Sell Opportunity • Feb 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.1% to NT$56.70. The fair value is estimated to be NT$71.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Jan 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.9% to NT$57.80. The fair value is estimated to be NT$72.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Dec 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.7% to NT$57.50. The fair value is estimated to be NT$72.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Dec 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 6.6% 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 Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$2.99b market cap, or US$92.3m).Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$64.90, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 24x in the Entertainment industry in Taiwan. Total returns to shareholders of 16% over the past three years.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.46 (vs NT$0.55 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.46 (down from NT$0.55 in 3Q 2023). Revenue: NT$186.1m (down 2.8% from 3Q 2023). Net income: NT$19.5m (down 16% from 3Q 2023). Profit margin: 11% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Nov 02Gamesparcs Co.,Ltd. to Report Q3, 2024 Results on Nov 11, 2024Gamesparcs Co.,Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.89 (vs NT$0.82 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.89 (up from NT$0.82 in 2Q 2023). Revenue: NT$207.6m (up 7.4% from 2Q 2023). Net income: NT$37.3m (up 8.5% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Aug 01Gamesparcs Co.,Ltd. to Report Q2, 2024 Results on Aug 08, 2024Gamesparcs Co.,Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$62.30, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 29x in the Entertainment industry in Taiwan. Total loss to shareholders of 12% over the past three years.New Risk • Jul 05New 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: 1.7% 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. Market cap is less than US$100m (NT$2.47b market cap, or US$76.1m).Upcoming Dividend • Jun 25Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 02 July 2024. Payment date: 25 July 2024. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.3%).Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.93 (vs NT$0.57 in 1Q 2023)First quarter 2024 results: EPS: NT$0.93 (up from NT$0.57 in 1Q 2023). Revenue: NT$224.9m (up 16% from 1Q 2023). Net income: NT$39.1m (up 62% from 1Q 2023). Profit margin: 17% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • May 10Gamesparcs Co.,Ltd. Announces Cash Dividend, Payable on July 25, 2024Gamesparcs Co.,Ltd. announced cash dividend of TWD 25,200,378, TWD 0.6 per share. Ex-rights (ex-dividend) date is July 2, 2024. Ex-rights (Ex-dividend) record date is July 8, 2024. Payment date of cash dividend distribution is July 25, 2024.공시 • May 02Gamesparcs Co.,Ltd. to Report Q1, 2024 Results on May 09, 2024Gamesparcs Co.,Ltd. announced that they will report Q1, 2024 results on May 09, 2024Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$66.40, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 25x in the Entertainment industry in Taiwan. Total returns to shareholders of 1.2% over the past three years.Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$2.43 (vs NT$2.35 in FY 2022)Full year 2023 results: EPS: NT$2.43 (up from NT$2.35 in FY 2022). Revenue: NT$774.4m (flat on FY 2022). Net income: NT$102.0m (up 3.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • Mar 08Gamesparcs Co.,Ltd., Annual General Meeting, Jun 13, 2024Gamesparcs Co.,Ltd., Annual General Meeting, Jun 13, 2024. Location: 3 F.-4, No. 360, Jianxing Rd., North Dist., Taichung City Taichung City Taiwan Agenda: To 2023 business report; to Audit Committee's review of the 2023 annual final accounting ledgers and statements; to Report on 2023 employees' and directors' remuneration; To Report on 2023 distribution of the cash dividends from Earnings and Capital Surplus; to Report on 2023 remuneration of individual directors; to Report on the Amended Rules of Procedure for Board of Directors Meetings.Reported Earnings • Mar 26Full year 2022 earnings released: EPS: NT$2.35 (vs NT$3.90 loss in FY 2021)Full year 2022 results: EPS: NT$2.35 (up from NT$3.90 loss in FY 2021). Revenue: NT$780.6m (up 6.1% from FY 2021). Net income: NT$98.8m (up NT$262.4m from FY 2021). Profit margin: 13% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$50.30, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 14x in the Entertainment industry in Taiwan. Total loss to shareholders of 26% over the past three years.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.56 (vs NT$3.22 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$0.56 (up from NT$3.22 loss in 3Q 2021). Revenue: NT$193.3m (up 2.1% from 3Q 2021). Net income: NT$23.4m (up NT$158.4m from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$0.79 (vs NT$0.97 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.79 (up from NT$0.97 loss in 2Q 2021). Revenue: NT$191.6m (flat on 2Q 2021). Net income: NT$33.0m (up NT$73.7m from 2Q 2021). Profit margin: 17% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Board Change • Jul 31High number of new directorsDirector Han Ming Liu was the last director to join the board, commencing their role in 2021.Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.76 (up from NT$0.42 in 1Q 2021). Revenue: NT$200.3m (up 9.4% from 1Q 2021). Net income: NT$31.9m (up 80% from 1Q 2021). Profit margin: 16% (up from 9.7% in 1Q 2021). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 194%. Over the last 3 years on average, earnings per share has fallen by 61% 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.Board Change • May 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 Ron-Shu Ho was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 30Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: NT$3.89 loss per share (down from NT$1.20 profit in FY 2020). Revenue: NT$736.0m (down 12% from FY 2020). Net loss: NT$163.6m (down 424% from profit in FY 2020). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 12Third quarter 2021 earnings released: NT$3.22 loss per share (vs NT$0.22 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: NT$189.3m (down 23% from 3Q 2020). Net loss: NT$135.1m (loss widened NT$125.9m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% 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.Reported Earnings • Aug 19Second quarter 2021 earnings released: NT$0.97 loss per share (vs NT$0.14 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$190.9m (up 15% from 2Q 2020). Net loss: NT$40.8m (down NT$46.5m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • May 13First quarter 2021 earnings released: EPS NT$0.42 (vs NT$1.03 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$183.2m (down 22% from 1Q 2020). Net income: NT$17.8m (down 59% from 1Q 2020). Profit margin: 9.7% (down from 19% in 1Q 2020). 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 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$1.20 (vs NT$2.55 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$837.0m (down 44% from FY 2019). Net income: NT$50.5m (up NT$157.5m from FY 2019). Profit margin: 6.0% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.분석 기사 • Mar 10Net Publishing Co., Ltd.'s (GTSM:6542) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?Net Publishing's (GTSM:6542) stock is up by a considerable 38% over the past three months. We, however wanted to have a...분석 기사 • Feb 11Returns On Capital At Net Publishing (GTSM:6542) Paint An Interesting PictureIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$72.80, the stock is trading at a trailing P/E ratio of 76.1x, up from the previous P/E ratio of 63.8x. This compares to an average P/E of 17x in the Entertainment industry in Taiwan. Total returns to shareholders over the past three years are 71%.분석 기사 • Jan 21Investors Who Bought Net Publishing (GTSM:6542) Shares Three Years Ago Are Now Up 28%Buying a low-cost index fund will get you the average market return. But if you invest in individual stocks, some are...Is New 90 Day High Low • Jan 18New 90-day high: NT$61.40The company is up 18% from its price of NT$52.00 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 6.0% over the same period.분석 기사 • Dec 31Net Publishing Co., Ltd. (GTSM:6542) Investors Should Think About This Before Buying It For Its DividendIs Net Publishing Co., Ltd. ( GTSM:6542 ) a good dividend stock? How can we tell? Dividend paying companies with...Is New 90 Day High Low • Dec 31New 90-day high: NT$53.50The company is up 4.0% from its price of NT$51.30 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 9.0% over the same period.분석 기사 • Dec 09We Think Net Publishing's (GTSM:6542) Statutory Profit Might Understate Its Earnings PotentialIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...Is New 90 Day High Low • Dec 05New 90-day low: NT$48.90The company is down 6.0% from its price of NT$51.90 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 10.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.22 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$245.8m (down 1.4% from 3Q 2019). Net loss: NT$9.17m (loss narrowed 90% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.주주 수익률6542TW EntertainmentTW 시장7D3.1%2.6%6.6%1Y-18.1%-12.7%102.0%전체 주주 수익률 보기수익률 대 산업: 6542은 지난 1년 동안 -12.7%의 수익을 기록한 TW Entertainment 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 6542은 지난 1년 동안 102%를 기록한 TW 시장보다 저조한 성과를 냈습니다.주가 변동성Is 6542's price volatile compared to industry and market?6542 volatility6542 Average Weekly Movement5.7%Entertainment Industry Average Movement4.6%Market Average Movement6.2%10% most volatile stocks in TW Market12.3%10% least volatile stocks in TW Market2.5%안정적인 주가: 6542는 지난 3개월 동안 TW 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 6542의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트2000n/aKang-Wei Kuwww.gamesparcs.com는 게임의 설계, 개발, 운영 및 라이선스 사업을 하고 있습니다. 이 회사는 모바일 게임도 배포합니다. 또한 일반 광고 서비스 및 게임 주변 제품도 제공합니다.더 보기Gamesparcs Co.,Ltd. 기초 지표 요약GamesparcsLtd의 순이익과 매출은 시가총액과 어떻게 비교됩니까?6542 기초 통계시가총액NT$2.00b순이익 (TTM)NT$1.55m매출 (TTM)NT$930.72m1,287x주가수익비율(P/E)2.1x주가매출비율(P/S)6542는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표6542 손익계산서 (TTM)매출NT$930.72m매출원가NT$214.31m총이익NT$716.41m기타 비용NT$714.86m순이익NT$1.55m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.037총이익률76.97%순이익률0.17%부채/자본 비율0%6542의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당0.04%현재 배당 수익률54%배당 성향6542는 안정적으로 배당을 지급합니까?6542 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 6542를 매수해야 하나요?GamesparcsLtd 배당 일정배당락일Jul 01 2026배당 지급일Jul 24 2026배당락일까지 남은 일수35 days배당 지급일까지 남은 일수58 days6542는 안정적으로 배당을 지급합니까?6542 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 16:14종가2026/05/25 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 소스Gamesparcs 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.분석가기관null nullCapital Securities CorporationJiawei ChangCapital Securities Corporation
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.044 (vs NT$0.029 in 1Q 2025)First quarter 2026 results: EPS: NT$0.044 (up from NT$0.029 in 1Q 2025). Revenue: NT$267.5m (up 21% from 1Q 2025). Net income: NT$1.84m (up 52% from 1Q 2025). Profit margin: 0.7% (up from 0.5% 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 62% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Declared Dividend • May 09Dividend reduced to NT$0.02Dividend of NT$0.02 is 99% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 0.04%, which is lower than the industry average of 4.3%.
Reported Earnings • Mar 09Full year 2025 earnings released: EPS: NT$0.02 (vs NT$2.04 in FY 2024)Full year 2025 results: EPS: NT$0.02 (down from NT$2.04 in FY 2024). Revenue: NT$884.0m (up 10% from FY 2024). Net income: NT$924.0k (down 99% from FY 2024). Profit margin: 0.1% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공시 • Mar 06Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026. Location: b1 floor no,57, kuan ch`ien rd., west district, taichung city Taiwan
Reported Earnings • Nov 12Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.47 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.47 profit in 3Q 2024). Revenue: NT$208.9m (up 12% from 3Q 2024). Net loss: NT$13.3m (down 168% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • Aug 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 56% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Paying a dividend despite having no free cash flows. High level of non-cash earnings (56% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.02b market cap, or US$66.6m).
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.044 (vs NT$0.029 in 1Q 2025)First quarter 2026 results: EPS: NT$0.044 (up from NT$0.029 in 1Q 2025). Revenue: NT$267.5m (up 21% from 1Q 2025). Net income: NT$1.84m (up 52% from 1Q 2025). Profit margin: 0.7% (up from 0.5% 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 62% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Declared Dividend • May 09Dividend reduced to NT$0.02Dividend of NT$0.02 is 99% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 0.04%, which is lower than the industry average of 4.3%.
Reported Earnings • Mar 09Full year 2025 earnings released: EPS: NT$0.02 (vs NT$2.04 in FY 2024)Full year 2025 results: EPS: NT$0.02 (down from NT$2.04 in FY 2024). Revenue: NT$884.0m (up 10% from FY 2024). Net income: NT$924.0k (down 99% from FY 2024). Profit margin: 0.1% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공시 • Mar 06Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2026. Location: b1 floor no,57, kuan ch`ien rd., west district, taichung city Taiwan
Reported Earnings • Nov 12Third quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.47 profit in 3Q 2024)Third quarter 2025 results: NT$0.32 loss per share (down from NT$0.47 profit in 3Q 2024). Revenue: NT$208.9m (up 12% from 3Q 2024). Net loss: NT$13.3m (down 168% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
New Risk • Aug 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 56% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Paying a dividend despite having no free cash flows. High level of non-cash earnings (56% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (NT$2.02b market cap, or US$66.6m).
Upcoming Dividend • Jun 25Upcoming dividend of NT$1.83 per shareEligible shareholders must have bought the stock before 02 July 2025. Payment date: 25 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.9%).
New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 160% Cash payout ratio: 103% Minor Risks Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (NT$2.58b market cap, or US$85.2m).
Declared Dividend • May 10Dividend increased to NT$1.83Dividend of NT$1.83 is 83% higher than last year. Ex-date: 2nd July 2025 Payment date: 25th July 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (89.9% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 56% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
공시 • May 01Gamesparcs Co.,Ltd. to Report Q1, 2025 Results on May 08, 2025Gamesparcs Co.,Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to NT$46.80, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 20x in the Entertainment industry in Taiwan. Total loss to shareholders of 3.1% over the past three years.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$2.03 (vs NT$2.43 in FY 2023)Full year 2024 results: EPS: NT$2.03 (down from NT$2.43 in FY 2023). Revenue: NT$802.1m (up 3.6% from FY 2023). Net income: NT$85.5m (down 16% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Mar 12Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2025Gamesparcs Co.,Ltd., Annual General Meeting, Jun 11, 2025. Location: 14 floor no,1049, chien hsing rd., west district, taichung city Taiwan
공시 • Mar 04Gamesparcs Co.,Ltd. to Report Q4, 2024 Results on Mar 11, 2025Gamesparcs Co.,Ltd. announced that they will report Q4, 2024 results on Mar 11, 2025
Buy Or Sell Opportunity • Feb 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.1% to NT$56.70. The fair value is estimated to be NT$71.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Jan 07Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.9% to NT$57.80. The fair value is estimated to be NT$72.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Dec 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.7% to NT$57.50. The fair value is estimated to be NT$72.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Dec 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 6.6% 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 Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$2.99b market cap, or US$92.3m).
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$64.90, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 24x in the Entertainment industry in Taiwan. Total returns to shareholders of 16% over the past three years.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.46 (vs NT$0.55 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.46 (down from NT$0.55 in 3Q 2023). Revenue: NT$186.1m (down 2.8% from 3Q 2023). Net income: NT$19.5m (down 16% from 3Q 2023). Profit margin: 11% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Nov 02Gamesparcs Co.,Ltd. to Report Q3, 2024 Results on Nov 11, 2024Gamesparcs Co.,Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.89 (vs NT$0.82 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.89 (up from NT$0.82 in 2Q 2023). Revenue: NT$207.6m (up 7.4% from 2Q 2023). Net income: NT$37.3m (up 8.5% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Aug 01Gamesparcs Co.,Ltd. to Report Q2, 2024 Results on Aug 08, 2024Gamesparcs Co.,Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024
Valuation Update With 7 Day Price Move • Jul 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$62.30, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 29x in the Entertainment industry in Taiwan. Total loss to shareholders of 12% over the past three years.
New Risk • Jul 05New 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: 1.7% 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. Market cap is less than US$100m (NT$2.47b market cap, or US$76.1m).
Upcoming Dividend • Jun 25Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 02 July 2024. Payment date: 25 July 2024. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.3%).
Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.93 (vs NT$0.57 in 1Q 2023)First quarter 2024 results: EPS: NT$0.93 (up from NT$0.57 in 1Q 2023). Revenue: NT$224.9m (up 16% from 1Q 2023). Net income: NT$39.1m (up 62% from 1Q 2023). Profit margin: 17% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • May 10Gamesparcs Co.,Ltd. Announces Cash Dividend, Payable on July 25, 2024Gamesparcs Co.,Ltd. announced cash dividend of TWD 25,200,378, TWD 0.6 per share. Ex-rights (ex-dividend) date is July 2, 2024. Ex-rights (Ex-dividend) record date is July 8, 2024. Payment date of cash dividend distribution is July 25, 2024.
공시 • May 02Gamesparcs Co.,Ltd. to Report Q1, 2024 Results on May 09, 2024Gamesparcs Co.,Ltd. announced that they will report Q1, 2024 results on May 09, 2024
Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$66.40, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 25x in the Entertainment industry in Taiwan. Total returns to shareholders of 1.2% over the past three years.
Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$2.43 (vs NT$2.35 in FY 2022)Full year 2023 results: EPS: NT$2.43 (up from NT$2.35 in FY 2022). Revenue: NT$774.4m (flat on FY 2022). Net income: NT$102.0m (up 3.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • Mar 08Gamesparcs Co.,Ltd., Annual General Meeting, Jun 13, 2024Gamesparcs Co.,Ltd., Annual General Meeting, Jun 13, 2024. Location: 3 F.-4, No. 360, Jianxing Rd., North Dist., Taichung City Taichung City Taiwan Agenda: To 2023 business report; to Audit Committee's review of the 2023 annual final accounting ledgers and statements; to Report on 2023 employees' and directors' remuneration; To Report on 2023 distribution of the cash dividends from Earnings and Capital Surplus; to Report on 2023 remuneration of individual directors; to Report on the Amended Rules of Procedure for Board of Directors Meetings.
Reported Earnings • Mar 26Full year 2022 earnings released: EPS: NT$2.35 (vs NT$3.90 loss in FY 2021)Full year 2022 results: EPS: NT$2.35 (up from NT$3.90 loss in FY 2021). Revenue: NT$780.6m (up 6.1% from FY 2021). Net income: NT$98.8m (up NT$262.4m from FY 2021). Profit margin: 13% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$50.30, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 14x in the Entertainment industry in Taiwan. Total loss to shareholders of 26% over the past three years.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.56 (vs NT$3.22 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$0.56 (up from NT$3.22 loss in 3Q 2021). Revenue: NT$193.3m (up 2.1% from 3Q 2021). Net income: NT$23.4m (up NT$158.4m from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$0.79 (vs NT$0.97 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.79 (up from NT$0.97 loss in 2Q 2021). Revenue: NT$191.6m (flat on 2Q 2021). Net income: NT$33.0m (up NT$73.7m from 2Q 2021). Profit margin: 17% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Board Change • Jul 31High number of new directorsDirector Han Ming Liu was the last director to join the board, commencing their role in 2021.
Reported Earnings • May 16First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.76 (up from NT$0.42 in 1Q 2021). Revenue: NT$200.3m (up 9.4% from 1Q 2021). Net income: NT$31.9m (up 80% from 1Q 2021). Profit margin: 16% (up from 9.7% in 1Q 2021). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 194%. Over the last 3 years on average, earnings per share has fallen by 61% 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.
Board Change • May 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 Ron-Shu Ho was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 30Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: NT$3.89 loss per share (down from NT$1.20 profit in FY 2020). Revenue: NT$736.0m (down 12% from FY 2020). Net loss: NT$163.6m (down 424% from profit in FY 2020). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 12Third quarter 2021 earnings released: NT$3.22 loss per share (vs NT$0.22 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: NT$189.3m (down 23% from 3Q 2020). Net loss: NT$135.1m (loss widened NT$125.9m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% 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.
Reported Earnings • Aug 19Second quarter 2021 earnings released: NT$0.97 loss per share (vs NT$0.14 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$190.9m (up 15% from 2Q 2020). Net loss: NT$40.8m (down NT$46.5m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • May 13First quarter 2021 earnings released: EPS NT$0.42 (vs NT$1.03 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$183.2m (down 22% from 1Q 2020). Net income: NT$17.8m (down 59% from 1Q 2020). Profit margin: 9.7% (down from 19% in 1Q 2020). 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 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 26Full year 2020 earnings released: EPS NT$1.20 (vs NT$2.55 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$837.0m (down 44% from FY 2019). Net income: NT$50.5m (up NT$157.5m from FY 2019). Profit margin: 6.0% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
분석 기사 • Mar 10Net Publishing Co., Ltd.'s (GTSM:6542) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?Net Publishing's (GTSM:6542) stock is up by a considerable 38% over the past three months. We, however wanted to have a...
분석 기사 • Feb 11Returns On Capital At Net Publishing (GTSM:6542) Paint An Interesting PictureIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$72.80, the stock is trading at a trailing P/E ratio of 76.1x, up from the previous P/E ratio of 63.8x. This compares to an average P/E of 17x in the Entertainment industry in Taiwan. Total returns to shareholders over the past three years are 71%.
분석 기사 • Jan 21Investors Who Bought Net Publishing (GTSM:6542) Shares Three Years Ago Are Now Up 28%Buying a low-cost index fund will get you the average market return. But if you invest in individual stocks, some are...
Is New 90 Day High Low • Jan 18New 90-day high: NT$61.40The company is up 18% from its price of NT$52.00 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 6.0% over the same period.
분석 기사 • Dec 31Net Publishing Co., Ltd. (GTSM:6542) Investors Should Think About This Before Buying It For Its DividendIs Net Publishing Co., Ltd. ( GTSM:6542 ) a good dividend stock? How can we tell? Dividend paying companies with...
Is New 90 Day High Low • Dec 31New 90-day high: NT$53.50The company is up 4.0% from its price of NT$51.30 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 9.0% over the same period.
분석 기사 • Dec 09We Think Net Publishing's (GTSM:6542) Statutory Profit Might Understate Its Earnings PotentialIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
Is New 90 Day High Low • Dec 05New 90-day low: NT$48.90The company is down 6.0% from its price of NT$51.90 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 10.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.22 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$245.8m (down 1.4% from 3Q 2019). Net loss: NT$9.17m (loss narrowed 90% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
