View Financial HealthForcelead Technology 배당 및 자사주 매입배당 기준 점검 3/6Forcelead Technology 수익으로 충분히 충당되는 현재 수익률 5.15% 보유한 배당금 지급 회사입니다. 다음 지급일은 29th May, 2026 이며 배당락일은 다음과 같습니다. 23rd April, 2026.핵심 정보5.2%배당 수익률-10.1%자사주 매입 수익률총 주주 수익률-4.9%미래 배당 수익률n/a배당 성장률-7.7%다음 배당 지급일29 May 26배당락일23 Apr 26주당 배당금n/a배당 성향82%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Apr 16Upcoming dividend of NT$10.00 per shareEligible shareholders must have bought the stock before 23 April 2026. Payment date: 29 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 95% respectively. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (1.3%).Declared Dividend • Mar 06Dividend reduced to NT$10.00Dividend of NT$10.00 is 21% lower than last year. Ex-date: 23rd April 2026 Payment date: 29th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio) nor is it covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control, which is more than the 29% EPS growth achieved over the last 5 years.Upcoming Dividend • Apr 17Upcoming dividend of NT$12.65 per shareEligible shareholders must have bought the stock before 24 April 2025. Payment date: 27 May 2025. Payout ratio and cash payout ratio are on the higher end at 82% and 90% respectively. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.6%).Declared Dividend • Mar 07Dividend increased to NT$12.65Dividend of NT$12.65 is 23% higher than last year. Ex-date: 24th April 2025 Payment date: 27th May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (74% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.모든 업데이트 보기Recent updatesReported Earnings • May 07First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.40 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.40 in 1Q 2025). Revenue: NT$720.1m (up 15% from 1Q 2025). Net income: NT$136.2m (up 37% from 1Q 2025). Profit margin: 19% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue.New Risk • May 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% 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 Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Dividend is not well covered by cash flows (101% cash payout ratio).Upcoming Dividend • Apr 16Upcoming dividend of NT$10.00 per shareEligible shareholders must have bought the stock before 23 April 2026. Payment date: 29 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 95% respectively. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (1.3%).Declared Dividend • Mar 06Dividend reduced to NT$10.00Dividend of NT$10.00 is 21% lower than last year. Ex-date: 23rd April 2026 Payment date: 29th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio) nor is it covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control, which is more than the 29% EPS growth achieved over the last 5 years.Buy Or Sell Opportunity • Mar 05Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to NT$168. The fair value is estimated to be NT$133, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.0%.Reported Earnings • Mar 05Full year 2025 earnings released: EPS: NT$12.15 (vs NT$15.38 in FY 2024)Full year 2025 results: EPS: NT$12.15 (down from NT$15.38 in FY 2024). Revenue: NT$2.69b (down 9.4% from FY 2024). Net income: NT$506.0m (down 14% from FY 2024). Profit margin: 19% (down from 20% in FY 2024). The decrease in margin was driven by lower revenue.공시 • Mar 05+ 1 more updateForcelead Technology Corp., Annual General Meeting, Jun 24, 2026Forcelead Technology Corp., Annual General Meeting, Jun 24, 2026. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county TaiwanBuy Or Sell Opportunity • Dec 26Now 20% overvaluedOver the last 90 days, the stock has fallen 1.0% to NT$147. The fair value is estimated to be NT$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%.Buy Or Sell Opportunity • Dec 09Now 20% overvaluedOver the last 90 days, the stock has fallen 5.4% to NT$148. The fair value is estimated to be NT$123, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%.Buy Or Sell Opportunity • Nov 10Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.5% to NT$148. The fair value is estimated to be NT$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: NT$2.92 (vs NT$4.34 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.92 (down from NT$4.34 in 3Q 2024). Revenue: NT$658.5m (down 16% from 3Q 2024). Net income: NT$121.5m (down 26% from 3Q 2024). Profit margin: 19% (down from 21% in 3Q 2024). The decrease in margin was driven by lower revenue.Buy Or Sell Opportunity • Aug 01Now 24% overvaluedOver the last 90 days, the stock has fallen 14% to NT$145. The fair value is estimated to be NT$117, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last year. Earnings per share has declined by 19%.Reported Earnings • May 05First quarter 2025 earnings released: EPS: NT$2.40 (vs NT$3.58 in 1Q 2024)First quarter 2025 results: EPS: NT$2.40 (down from NT$3.58 in 1Q 2024). Revenue: NT$624.3m (down 8.5% from 1Q 2024). Net income: NT$99.8m (down 27% from 1Q 2024). Profit margin: 16% (down from 20% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan.Upcoming Dividend • Apr 17Upcoming dividend of NT$12.65 per shareEligible shareholders must have bought the stock before 24 April 2025. Payment date: 27 May 2025. Payout ratio and cash payout ratio are on the higher end at 82% and 90% respectively. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.6%).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$155, the stock trades at a trailing P/E ratio of 11x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total loss to shareholders of 42% over the past year.Reported Earnings • Mar 15Full year 2024 earnings released: EPS: NT$15.37 (vs NT$11.75 in FY 2023)Full year 2024 results: EPS: NT$15.37 (up from NT$11.75 in FY 2023). Revenue: NT$2.97b (up 12% from FY 2023). Net income: NT$588.6m (up 35% from FY 2023). Profit margin: 20% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.Declared Dividend • Mar 07Dividend increased to NT$12.65Dividend of NT$12.65 is 23% higher than last year. Ex-date: 24th April 2025 Payment date: 27th May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (74% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Mar 06+ 1 more updateForcelead Technology Corp., Annual General Meeting, Jun 26, 2025Forcelead Technology Corp., Annual General Meeting, Jun 26, 2025. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county TaiwanReported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$4.34 (vs NT$3.36 in 3Q 2023)Third quarter 2024 results: EPS: NT$4.34 (up from NT$3.36 in 3Q 2023). Revenue: NT$784.2m (up 11% from 3Q 2023). Net income: NT$165.0m (up 29% from 3Q 2023). Profit margin: 21% (up from 18% in 3Q 2023). The increase in margin was driven by higher revenue.Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$4.56 (vs NT$2.60 in 2Q 2023)Second quarter 2024 results: EPS: NT$4.56 (up from NT$2.60 in 2Q 2023). Revenue: NT$778.7m (up 21% from 2Q 2023). Net income: NT$173.5m (up 77% from 2Q 2023). Profit margin: 22% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue.New Risk • Jun 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% 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 Earnings have declined by 3.2% per year over the past 5 years. High level of non-cash earnings (47% accrual ratio). Minor Risk Short dividend paying track record (less than a year of continuous dividend payments).Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: NT$3.58 (vs NT$2.43 in 1Q 2023)First quarter 2024 results: EPS: NT$3.58 (up from NT$2.43 in 1Q 2023). Revenue: NT$682.5m (up 13% from 1Q 2023). Net income: NT$136.0m (up 63% from 1Q 2023). Profit margin: 20% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue.공시 • Apr 12Forcelead Technology Corp., Annual General Meeting, Jun 26, 2024Forcelead Technology Corp., Annual General Meeting, Jun 26, 2024.New Risk • Mar 30New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 3.7% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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: Major Risk Revenue has declined by 5.4% over the past year. Minor Risk Short dividend paying track record (less than a year of continuous dividend payments).Reported Earnings • Mar 28Full year 2023 earnings released: EPS: NT$11.74 (vs NT$18.20 in FY 2022)Full year 2023 results: EPS: NT$11.74 (down from NT$18.20 in FY 2022). Revenue: NT$2.66b (down 5.4% from FY 2022). Net income: NT$436.9m (down 24% from FY 2022). Profit margin: 16% (down from 21% in FY 2022).Buy Or Sell Opportunity • Feb 19Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at NT$299. The fair value is estimated to be NT$385, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 58%.Buying Opportunity • Jan 17Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$364, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 58%.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 6996 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: 6996 2 년 동안만 배당금을 지급해 왔으며 그 이후 지급액이 감소했습니다.배당 수익률 vs 시장Forcelead Technology 배당 수익률 vs 시장6996의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (6996)5.2%시장 하위 25% (TW)1.4%시장 상위 25% (TW)5.0%업계 평균 (Semiconductor)1.1%분석가 예측 (6996) (최대 3년)n/a주목할만한 배당금: 6996 의 배당금( 5.15% )은 TW 시장에서 배당금 지급자의 하위 25%( 1.42% )보다 높습니다.고배당: 6996 의 배당금( 5.15% )은 TW 시장( 5% )주주 대상 이익 배당수익 보장: 현재 지불 비율 ( 82.3% )에서 6996 의 지불은 수입으로 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 100.5% )이 높기 때문에 6996 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 17:04종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Forcelead Technology Corp.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Liyen ChenCapital Securities Corporation
Upcoming Dividend • Apr 16Upcoming dividend of NT$10.00 per shareEligible shareholders must have bought the stock before 23 April 2026. Payment date: 29 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 95% respectively. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (1.3%).
Declared Dividend • Mar 06Dividend reduced to NT$10.00Dividend of NT$10.00 is 21% lower than last year. Ex-date: 23rd April 2026 Payment date: 29th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio) nor is it covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control, which is more than the 29% EPS growth achieved over the last 5 years.
Upcoming Dividend • Apr 17Upcoming dividend of NT$12.65 per shareEligible shareholders must have bought the stock before 24 April 2025. Payment date: 27 May 2025. Payout ratio and cash payout ratio are on the higher end at 82% and 90% respectively. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.6%).
Declared Dividend • Mar 07Dividend increased to NT$12.65Dividend of NT$12.65 is 23% higher than last year. Ex-date: 24th April 2025 Payment date: 27th May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (74% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.40 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.40 in 1Q 2025). Revenue: NT$720.1m (up 15% from 1Q 2025). Net income: NT$136.2m (up 37% from 1Q 2025). Profit margin: 19% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue.
New Risk • May 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% 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 Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Dividend is not well covered by cash flows (101% cash payout ratio).
Upcoming Dividend • Apr 16Upcoming dividend of NT$10.00 per shareEligible shareholders must have bought the stock before 23 April 2026. Payment date: 29 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 95% respectively. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (1.3%).
Declared Dividend • Mar 06Dividend reduced to NT$10.00Dividend of NT$10.00 is 21% lower than last year. Ex-date: 23rd April 2026 Payment date: 29th May 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio) nor is it covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control, which is more than the 29% EPS growth achieved over the last 5 years.
Buy Or Sell Opportunity • Mar 05Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to NT$168. The fair value is estimated to be NT$133, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.0%.
Reported Earnings • Mar 05Full year 2025 earnings released: EPS: NT$12.15 (vs NT$15.38 in FY 2024)Full year 2025 results: EPS: NT$12.15 (down from NT$15.38 in FY 2024). Revenue: NT$2.69b (down 9.4% from FY 2024). Net income: NT$506.0m (down 14% from FY 2024). Profit margin: 19% (down from 20% in FY 2024). The decrease in margin was driven by lower revenue.
공시 • Mar 05+ 1 more updateForcelead Technology Corp., Annual General Meeting, Jun 24, 2026Forcelead Technology Corp., Annual General Meeting, Jun 24, 2026. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county Taiwan
Buy Or Sell Opportunity • Dec 26Now 20% overvaluedOver the last 90 days, the stock has fallen 1.0% to NT$147. The fair value is estimated to be NT$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%.
Buy Or Sell Opportunity • Dec 09Now 20% overvaluedOver the last 90 days, the stock has fallen 5.4% to NT$148. The fair value is estimated to be NT$123, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%.
Buy Or Sell Opportunity • Nov 10Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.5% to NT$148. The fair value is estimated to be NT$122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: NT$2.92 (vs NT$4.34 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.92 (down from NT$4.34 in 3Q 2024). Revenue: NT$658.5m (down 16% from 3Q 2024). Net income: NT$121.5m (down 26% from 3Q 2024). Profit margin: 19% (down from 21% in 3Q 2024). The decrease in margin was driven by lower revenue.
Buy Or Sell Opportunity • Aug 01Now 24% overvaluedOver the last 90 days, the stock has fallen 14% to NT$145. The fair value is estimated to be NT$117, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last year. Earnings per share has declined by 19%.
Reported Earnings • May 05First quarter 2025 earnings released: EPS: NT$2.40 (vs NT$3.58 in 1Q 2024)First quarter 2025 results: EPS: NT$2.40 (down from NT$3.58 in 1Q 2024). Revenue: NT$624.3m (down 8.5% from 1Q 2024). Net income: NT$99.8m (down 27% from 1Q 2024). Profit margin: 16% (down from 20% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan.
Upcoming Dividend • Apr 17Upcoming dividend of NT$12.65 per shareEligible shareholders must have bought the stock before 24 April 2025. Payment date: 27 May 2025. Payout ratio and cash payout ratio are on the higher end at 82% and 90% respectively. Trailing yield: 7.3%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.6%).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$155, the stock trades at a trailing P/E ratio of 11x. Average forward P/E is 18x in the Semiconductor industry in Taiwan. Total loss to shareholders of 42% over the past year.
Reported Earnings • Mar 15Full year 2024 earnings released: EPS: NT$15.37 (vs NT$11.75 in FY 2023)Full year 2024 results: EPS: NT$15.37 (up from NT$11.75 in FY 2023). Revenue: NT$2.97b (up 12% from FY 2023). Net income: NT$588.6m (up 35% from FY 2023). Profit margin: 20% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.
Declared Dividend • Mar 07Dividend increased to NT$12.65Dividend of NT$12.65 is 23% higher than last year. Ex-date: 24th April 2025 Payment date: 27th May 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (74% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Mar 06+ 1 more updateForcelead Technology Corp., Annual General Meeting, Jun 26, 2025Forcelead Technology Corp., Annual General Meeting, Jun 26, 2025. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county Taiwan
Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$4.34 (vs NT$3.36 in 3Q 2023)Third quarter 2024 results: EPS: NT$4.34 (up from NT$3.36 in 3Q 2023). Revenue: NT$784.2m (up 11% from 3Q 2023). Net income: NT$165.0m (up 29% from 3Q 2023). Profit margin: 21% (up from 18% in 3Q 2023). The increase in margin was driven by higher revenue.
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$4.56 (vs NT$2.60 in 2Q 2023)Second quarter 2024 results: EPS: NT$4.56 (up from NT$2.60 in 2Q 2023). Revenue: NT$778.7m (up 21% from 2Q 2023). Net income: NT$173.5m (up 77% from 2Q 2023). Profit margin: 22% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue.
New Risk • Jun 05New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% 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 Earnings have declined by 3.2% per year over the past 5 years. High level of non-cash earnings (47% accrual ratio). Minor Risk Short dividend paying track record (less than a year of continuous dividend payments).
Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: NT$3.58 (vs NT$2.43 in 1Q 2023)First quarter 2024 results: EPS: NT$3.58 (up from NT$2.43 in 1Q 2023). Revenue: NT$682.5m (up 13% from 1Q 2023). Net income: NT$136.0m (up 63% from 1Q 2023). Profit margin: 20% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue.
공시 • Apr 12Forcelead Technology Corp., Annual General Meeting, Jun 26, 2024Forcelead Technology Corp., Annual General Meeting, Jun 26, 2024.
New Risk • Mar 30New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 3.7% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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: Major Risk Revenue has declined by 5.4% over the past year. Minor Risk Short dividend paying track record (less than a year of continuous dividend payments).
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: NT$11.74 (vs NT$18.20 in FY 2022)Full year 2023 results: EPS: NT$11.74 (down from NT$18.20 in FY 2022). Revenue: NT$2.66b (down 5.4% from FY 2022). Net income: NT$436.9m (down 24% from FY 2022). Profit margin: 16% (down from 21% in FY 2022).
Buy Or Sell Opportunity • Feb 19Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at NT$299. The fair value is estimated to be NT$385, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 58%.
Buying Opportunity • Jan 17Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$364, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Earnings per share has declined by 58%.