View Past PerformancePapago 대차대조표 건전성재무 건전성 기준 점검 5/6Papago 의 총 주주 지분은 NT$136.9M 이고 총 부채는 NT$76.6M, 이는 부채 대 자기자본 비율을 55.9% 로 가져옵니다. 총자산과 총부채는 각각 NT$314.6M 및 NT$177.7M 입니다.핵심 정보55.92%부채/자본 비율NT$76.55m부채이자보상배율n/a현금NT$20.02m자본NT$136.88m총부채NT$177.68m총자산NT$314.56m최근 재무 건전성 업데이트분석 기사 • Apr 19We Think Papago (GTSM:3632) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Jan 04Here's Why Papago (GTSM:3632) Can Afford Some DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...모든 업데이트 보기Recent updatesNew Risk • May 19New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: NT$311.6m (US$9.84m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.063 (vs NT$0.079 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.063 (up from NT$0.079 loss in 1Q 2025). Revenue: NT$72.6m (up 13% from 1Q 2025). Net income: NT$2.58m (up NT$5.81m from 1Q 2025). Profit margin: 3.6% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 14Full year 2025 earnings released: NT$0.38 loss per share (vs NT$0.29 loss in FY 2024)Full year 2025 results: NT$0.38 loss per share (further deteriorated from NT$0.29 loss in FY 2024). Revenue: NT$264.9m (down 29% from FY 2024). Net loss: NT$15.6m (loss widened 30% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance.공시 • Mar 13Papago Inc., Annual General Meeting, Jun 12, 2026Papago Inc., Annual General Meeting, Jun 12, 2026. Location: 2 floor no,399, jui kuang rd., neihu district, taipei city TaiwanReported Earnings • Nov 16Third quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.04 profit in 3Q 2024)Third quarter 2025 results: NT$0.16 loss per share (down from NT$0.04 profit in 3Q 2024). Revenue: NT$59.6m (down 40% from 3Q 2024). Net loss: NT$6.58m (down 498% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 141 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.19 loss per share (vs NT$0.12 loss in 2Q 2024)Second quarter 2025 results: NT$0.19 loss per share (further deteriorated from NT$0.12 loss in 2Q 2024). Revenue: NT$60.4m (down 37% from 2Q 2024). Net loss: NT$7.87m (loss widened 68% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance.Reported Earnings • May 15First quarter 2025 earnings released: NT$0.08 loss per share (vs NT$0.021 profit in 1Q 2024)First quarter 2025 results: NT$0.08 loss per share (down from NT$0.021 profit in 1Q 2024). Revenue: NT$64.0m (down 29% from 1Q 2024). Net loss: NT$3.23m (down 472% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 27Full year 2024 earnings released: NT$0.29 loss per share (vs NT$0.11 profit in FY 2023)Full year 2024 results: NT$0.29 loss per share (down from NT$0.11 profit in FY 2023). Revenue: NT$371.6m (down 5.5% from FY 2023). Net loss: NT$12.0m (down 371% from profit in FY 2023). 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 12% per year, which means it is well ahead of earnings.공시 • Mar 13Papago Inc., Annual General Meeting, Jun 16, 2025Papago Inc., Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,399, jui kuang rd., neihu district, taipei city TaiwanReported Earnings • Nov 19Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: NT$99.6m (up 11% from 3Q 2023). Net income: NT$2.42m (up 168% from 3Q 2023). Profit margin: 2.4% (up from 1.0% in 3Q 2023).Reported Earnings • Aug 18Second quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.042 profit in 2Q 2023)Second quarter 2024 results: NT$0.11 loss per share (down from NT$0.042 profit in 2Q 2023). Revenue: NT$95.8m (down 3.0% from 2Q 2023). Net loss: NT$4.70m (down 376% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.025 in 1Q 2023)First quarter 2024 results: EPS: NT$0.02 (down from NT$0.025 in 1Q 2023). Revenue: NT$90.1m (down 4.7% from 1Q 2023). Net income: NT$867.0k (down 14% from 1Q 2023). Profit margin: 1.0% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$554.1m market cap, or US$17.3m).Reported Earnings • Mar 30Full year 2023 earnings released: EPS: NT$0.11 (vs NT$0.07 in FY 2022)Full year 2023 results: EPS: NT$0.11 (up from NT$0.07 in FY 2022). Revenue: NT$393.4m (up 3.8% from FY 2022). Net income: NT$4.43m (up 54% from FY 2022). Profit margin: 1.1% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.공시 • Mar 22Papago Inc., Annual General Meeting, Jun 26, 2024Papago Inc., Annual General Meeting, Jun 26, 2024.New Risk • Dec 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$574.5m market cap, or US$18.3m).New Risk • Aug 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$560.2m market cap, or US$17.6m).New Risk • Aug 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: 0.7% Last year net profit margin: 10% 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: Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$615.4m market cap, or US$19.2m).Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.05 (vs NT$0.015 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.05 (up from NT$0.015 in 2Q 2022). Revenue: NT$98.8m (up 8.5% from 2Q 2022). Net income: NT$1.70m (up 179% from 2Q 2022). Profit margin: 1.7% (up from 0.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.New Risk • Jul 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 242% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$629.7m market cap, or US$20.1m).Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.89 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$0.01 (up from NT$0.89 loss in 3Q 2021). Revenue: NT$102.1m (up 67% from 3Q 2021). Net income: NT$405.0k (up NT$36.7m from 3Q 2021). Profit margin: 0.4% (up from net loss in 3Q 2021). 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 17% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$11.50, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 15x in the Software industry in Taiwan. Total loss to shareholders of 33% over the past three years.Reported Earnings • Aug 19Second quarter 2022 earnings released: EPS: NT$0.01 (vs NT$1.14 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.01 (up from NT$1.14 loss in 2Q 2021). Revenue: NT$91.0m (up 30% from 2Q 2021). Net income: NT$609.0k (up NT$47.1m from 2Q 2021). Profit margin: 0.7% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 04Full year 2021 earnings released: NT$0.71 loss per share (vs NT$5.00 loss in FY 2020)Full year 2021 results: NT$0.71 loss per share (up from NT$5.00 loss in FY 2020). Revenue: NT$351.5m (down 14% from FY 2020). Net loss: NT$28.9m (loss narrowed 86% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 18Third quarter 2021 earnings released: NT$0.89 loss per share (vs NT$1.26 loss in 3Q 2020)The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: NT$61.1m (down 42% from 3Q 2020). Net loss: NT$36.3m (loss narrowed 30% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 22Second quarter 2021 earnings released: NT$1.13 loss per share (vs NT$1.40 loss in 2Q 2020)The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: NT$70.3m (down 3.2% from 2Q 2020). Net loss: NT$46.5m (loss narrowed 19% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Reported Earnings • May 17First quarter 2021 earnings released: NT$0.31 loss per share (vs NT$1.18 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$110.6m (up 48% from 1Q 2020). Net loss: NT$12.5m (loss narrowed 74% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.분석 기사 • Apr 19We Think Papago (GTSM:3632) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Apr 01Full year 2020 earnings released: NT$5.00 loss per share (vs NT$4.16 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$407.7m (down 35% from FY 2019). Net loss: NT$204.3m (loss widened 20% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Jan 19New 90-day low: NT$9.96The company is down 13% from its price of NT$11.50 on 22 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 1.0% over the same period.분석 기사 • Jan 04Here's Why Papago (GTSM:3632) Can Afford Some DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Nov 17Third quarter 2020 earnings released: NT$1.26 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$105.0m (down 42% from 3Q 2019). Net loss: NT$51.7m (loss widened 46% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 12New 90-day low: NT$10.80The company is down 34% from its price of NT$16.27 on 14 August 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 5.0% over the same period.Is New 90 Day High Low • Oct 05New 90-day low: NT$8.07The company is down 23% from its price of NT$10.45 on 07 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 10.0% over the same period.Is New 90 Day High Low • Sep 25New 90-day low: NT$8.51The company is down 13% from its price of NT$9.73 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 6.0% over the same period.재무 상태 분석단기부채: 3632 의 단기 자산 ( NT$95.8M )이 단기 부채( NT$85.5M ).장기 부채: 3632의 단기 자산(NT$95.8M)이 장기 부채(NT$92.2M)를 초과합니다.부채/자본 비율 추이 및 분석부채 수준: 3632 의 순부채 대 자기자본 비율( 41.3% )은 높음으로 간주됩니다.부채 감소: 3632의 부채 대비 자본 비율은 지난 5년 동안 80.2%에서 55.9%로 감소했습니다.대차대조표현금 보유 기간 분석과거에 평균적으로 손실을 기록해 온 기업의 경우, 최소 1년 이상의 현금 보유 기간이 있는지 평가합니다.안정적인 현금 활주로: 수익성이 없는 3632 현재의 플러스 무료 현금 흐름 수준을 유지한다면 3년 이상 충분한 현금 활주로를 보유하고 있습니다.예측 현금 활주로: 3632 은(는) 수익성이 없지만 잉여 현금 흐름이 긍정적이고 매년 6.8 %씩 성장하기 때문에 3년 이상 충분한 현금 활주로를 보유하고 있습니다.건전한 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 건실한 기업.View Dividend기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 11:18종가2026/05/22 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 소스Papago Inc.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
분석 기사 • Apr 19We Think Papago (GTSM:3632) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Jan 04Here's Why Papago (GTSM:3632) Can Afford Some DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • May 19New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: NT$311.6m (US$9.84m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.063 (vs NT$0.079 loss in 1Q 2025)First quarter 2026 results: EPS: NT$0.063 (up from NT$0.079 loss in 1Q 2025). Revenue: NT$72.6m (up 13% from 1Q 2025). Net income: NT$2.58m (up NT$5.81m from 1Q 2025). Profit margin: 3.6% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 14Full year 2025 earnings released: NT$0.38 loss per share (vs NT$0.29 loss in FY 2024)Full year 2025 results: NT$0.38 loss per share (further deteriorated from NT$0.29 loss in FY 2024). Revenue: NT$264.9m (down 29% from FY 2024). Net loss: NT$15.6m (loss widened 30% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance.
공시 • Mar 13Papago Inc., Annual General Meeting, Jun 12, 2026Papago Inc., Annual General Meeting, Jun 12, 2026. Location: 2 floor no,399, jui kuang rd., neihu district, taipei city Taiwan
Reported Earnings • Nov 16Third quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.04 profit in 3Q 2024)Third quarter 2025 results: NT$0.16 loss per share (down from NT$0.04 profit in 3Q 2024). Revenue: NT$59.6m (down 40% from 3Q 2024). Net loss: NT$6.58m (down 498% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 141 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.19 loss per share (vs NT$0.12 loss in 2Q 2024)Second quarter 2025 results: NT$0.19 loss per share (further deteriorated from NT$0.12 loss in 2Q 2024). Revenue: NT$60.4m (down 37% from 2Q 2024). Net loss: NT$7.87m (loss widened 68% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 15First quarter 2025 earnings released: NT$0.08 loss per share (vs NT$0.021 profit in 1Q 2024)First quarter 2025 results: NT$0.08 loss per share (down from NT$0.021 profit in 1Q 2024). Revenue: NT$64.0m (down 29% from 1Q 2024). Net loss: NT$3.23m (down 472% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 27Full year 2024 earnings released: NT$0.29 loss per share (vs NT$0.11 profit in FY 2023)Full year 2024 results: NT$0.29 loss per share (down from NT$0.11 profit in FY 2023). Revenue: NT$371.6m (down 5.5% from FY 2023). Net loss: NT$12.0m (down 371% from profit in FY 2023). 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 12% per year, which means it is well ahead of earnings.
공시 • Mar 13Papago Inc., Annual General Meeting, Jun 16, 2025Papago Inc., Annual General Meeting, Jun 16, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,399, jui kuang rd., neihu district, taipei city Taiwan
Reported Earnings • Nov 19Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: NT$99.6m (up 11% from 3Q 2023). Net income: NT$2.42m (up 168% from 3Q 2023). Profit margin: 2.4% (up from 1.0% in 3Q 2023).
Reported Earnings • Aug 18Second quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.042 profit in 2Q 2023)Second quarter 2024 results: NT$0.11 loss per share (down from NT$0.042 profit in 2Q 2023). Revenue: NT$95.8m (down 3.0% from 2Q 2023). Net loss: NT$4.70m (down 376% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.025 in 1Q 2023)First quarter 2024 results: EPS: NT$0.02 (down from NT$0.025 in 1Q 2023). Revenue: NT$90.1m (down 4.7% from 1Q 2023). Net income: NT$867.0k (down 14% from 1Q 2023). Profit margin: 1.0% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$554.1m market cap, or US$17.3m).
Reported Earnings • Mar 30Full year 2023 earnings released: EPS: NT$0.11 (vs NT$0.07 in FY 2022)Full year 2023 results: EPS: NT$0.11 (up from NT$0.07 in FY 2022). Revenue: NT$393.4m (up 3.8% from FY 2022). Net income: NT$4.43m (up 54% from FY 2022). Profit margin: 1.1% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
공시 • Mar 22Papago Inc., Annual General Meeting, Jun 26, 2024Papago Inc., Annual General Meeting, Jun 26, 2024.
New Risk • Dec 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$574.5m market cap, or US$18.3m).
New Risk • Aug 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$560.2m market cap, or US$17.6m).
New Risk • Aug 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: 0.7% Last year net profit margin: 10% 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: Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (NT$615.4m market cap, or US$19.2m).
Reported Earnings • Aug 13Second quarter 2023 earnings released: EPS: NT$0.05 (vs NT$0.015 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.05 (up from NT$0.015 in 2Q 2022). Revenue: NT$98.8m (up 8.5% from 2Q 2022). Net income: NT$1.70m (up 179% from 2Q 2022). Profit margin: 1.7% (up from 0.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
New Risk • Jul 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 242% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$629.7m market cap, or US$20.1m).
Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.89 loss in 3Q 2021)Third quarter 2022 results: EPS: NT$0.01 (up from NT$0.89 loss in 3Q 2021). Revenue: NT$102.1m (up 67% from 3Q 2021). Net income: NT$405.0k (up NT$36.7m from 3Q 2021). Profit margin: 0.4% (up from net loss in 3Q 2021). 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 17% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$11.50, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 15x in the Software industry in Taiwan. Total loss to shareholders of 33% over the past three years.
Reported Earnings • Aug 19Second quarter 2022 earnings released: EPS: NT$0.01 (vs NT$1.14 loss in 2Q 2021)Second quarter 2022 results: EPS: NT$0.01 (up from NT$1.14 loss in 2Q 2021). Revenue: NT$91.0m (up 30% from 2Q 2021). Net income: NT$609.0k (up NT$47.1m from 2Q 2021). Profit margin: 0.7% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 04Full year 2021 earnings released: NT$0.71 loss per share (vs NT$5.00 loss in FY 2020)Full year 2021 results: NT$0.71 loss per share (up from NT$5.00 loss in FY 2020). Revenue: NT$351.5m (down 14% from FY 2020). Net loss: NT$28.9m (loss narrowed 86% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 18Third quarter 2021 earnings released: NT$0.89 loss per share (vs NT$1.26 loss in 3Q 2020)The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: NT$61.1m (down 42% from 3Q 2020). Net loss: NT$36.3m (loss narrowed 30% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 22Second quarter 2021 earnings released: NT$1.13 loss per share (vs NT$1.40 loss in 2Q 2020)The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: NT$70.3m (down 3.2% from 2Q 2020). Net loss: NT$46.5m (loss narrowed 19% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 17First quarter 2021 earnings released: NT$0.31 loss per share (vs NT$1.18 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$110.6m (up 48% from 1Q 2020). Net loss: NT$12.5m (loss narrowed 74% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
분석 기사 • Apr 19We Think Papago (GTSM:3632) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Apr 01Full year 2020 earnings released: NT$5.00 loss per share (vs NT$4.16 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$407.7m (down 35% from FY 2019). Net loss: NT$204.3m (loss widened 20% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Jan 19New 90-day low: NT$9.96The company is down 13% from its price of NT$11.50 on 22 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 1.0% over the same period.
분석 기사 • Jan 04Here's Why Papago (GTSM:3632) Can Afford Some DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Nov 17Third quarter 2020 earnings released: NT$1.26 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$105.0m (down 42% from 3Q 2019). Net loss: NT$51.7m (loss widened 46% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 12New 90-day low: NT$10.80The company is down 34% from its price of NT$16.27 on 14 August 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 5.0% over the same period.
Is New 90 Day High Low • Oct 05New 90-day low: NT$8.07The company is down 23% from its price of NT$10.45 on 07 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 10.0% over the same period.
Is New 90 Day High Low • Sep 25New 90-day low: NT$8.51The company is down 13% from its price of NT$9.73 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 6.0% over the same period.