View Future GrowthM-POWER INFORMATION 과거 순이익 실적과거 기준 점검 2/6M-POWER INFORMATION은 연평균 2.1%의 비율로 수입이 증가해 온 반면, IT 산업은 수입이 13.2% 증가했습니다. 매출은 연평균 6.1%의 비율로 증가했습니다. M-POWER INFORMATION의 자기자본이익률은 19.4%이고 순이익률은 5%입니다.핵심 정보2.08%순이익 성장률-4.52%주당순이익(EPS) 성장률IT 산업 성장률17.18%매출 성장률6.10%자기자본이익률19.38%순이익률4.99%최근 순이익 업데이트30 Jun 2026최근 과거 실적 업데이트Reported Earnings • Aug 15Second quarter 2026 earnings released: EPS: NT$1.15 (vs NT$0.95 in 2Q 2025)Second quarter 2026 results: EPS: NT$1.15 (up from NT$0.95 in 2Q 2025). Revenue: NT$401.0m (up 8.3% from 2Q 2025). Net income: NT$24.8m (up 19% from 2Q 2025). Profit margin: 6.2% (up from 5.6% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.08 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$946.0m (up 82% from 1Q 2025). Net income: NT$41.9m (up 76% from 1Q 2025). Profit margin: 4.4% (down from 4.6% in 1Q 2025). The decrease in margin was driven by higher expenses.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$3.16 (vs NT$4.46 in FY 2024)Full year 2025 results: EPS: NT$3.16 (down from NT$4.46 in FY 2024). Revenue: NT$1.37b (down 23% from FY 2024). Net income: NT$69.1m (down 30% from FY 2024). Profit margin: 5.0% (down from 5.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.77 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.32 (down from NT$0.77 in 3Q 2024). Revenue: NT$219.6m (down 26% from 3Q 2024). Net income: NT$6.87m (down 59% from 3Q 2024). Profit margin: 3.1% (down from 5.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.95 (vs NT$1.17 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.95 (down from NT$1.17 in 2Q 2024). Revenue: NT$370.1m (down 34% from 2Q 2024). Net income: NT$20.8m (down 19% from 2Q 2024). Profit margin: 5.6% (up from 4.6% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$1.08 (vs NT$1.40 in 1Q 2024)First quarter 2025 results: EPS: NT$1.08 (down from NT$1.40 in 1Q 2024). Revenue: NT$520.9m (down 25% from 1Q 2024). Net income: NT$23.9m (down 23% from 1Q 2024). Profit margin: 4.6% (up from 4.5% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.모든 업데이트 보기Recent updatesNew Risk • Aug 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$1.66b market cap, or US$51.8m).Reported Earnings • Aug 15Second quarter 2026 earnings released: EPS: NT$1.15 (vs NT$0.95 in 2Q 2025)Second quarter 2026 results: EPS: NT$1.15 (up from NT$0.95 in 2Q 2025). Revenue: NT$401.0m (up 8.3% from 2Q 2025). Net income: NT$24.8m (up 19% from 2Q 2025). Profit margin: 6.2% (up from 5.6% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.New Risk • Jun 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$1.83b market cap, or US$57.4m).Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.08 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$946.0m (up 82% from 1Q 2025). Net income: NT$41.9m (up 76% from 1Q 2025). Profit margin: 4.4% (down from 4.6% in 1Q 2025). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$88.80, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 16x in the IT industry in Taiwan. Total loss to shareholders of 27% over the past three years.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$3.16 (vs NT$4.46 in FY 2024)Full year 2025 results: EPS: NT$3.16 (down from NT$4.46 in FY 2024). Revenue: NT$1.37b (down 23% from FY 2024). Net income: NT$69.1m (down 30% from FY 2024). Profit margin: 5.0% (down from 5.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year.공고 • Mar 03M-POWER INFORMATION Co., LTD., Annual General Meeting, May 27, 2026M-POWER INFORMATION Co., LTD., Annual General Meeting, May 27, 2026. Location: 13 floor no,16, sec.4 nan ching e. rd., songshan district, taipei city TaiwanReported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.77 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.32 (down from NT$0.77 in 3Q 2024). Revenue: NT$219.6m (down 26% from 3Q 2024). Net income: NT$6.87m (down 59% from 3Q 2024). Profit margin: 3.1% (down from 5.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.95 (vs NT$1.17 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.95 (down from NT$1.17 in 2Q 2024). Revenue: NT$370.1m (down 34% from 2Q 2024). Net income: NT$20.8m (down 19% from 2Q 2024). Profit margin: 5.6% (up from 4.6% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 31Upcoming dividend of NT$4.04 per shareEligible shareholders must have bought the stock before 07 August 2025. Payment date: 29 August 2025. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.9%).Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$1.08 (vs NT$1.40 in 1Q 2024)First quarter 2025 results: EPS: NT$1.08 (down from NT$1.40 in 1Q 2024). Revenue: NT$520.9m (down 25% from 1Q 2024). Net income: NT$23.9m (down 23% from 1Q 2024). Profit margin: 4.6% (up from 4.5% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$76.80, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 44% over the past three years.New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (NT$2.07b market cap, or US$63.0m).Reported Earnings • Mar 02Full year 2024 earnings released: EPS: NT$4.46 (vs NT$4.07 in FY 2023)Full year 2024 results: EPS: NT$4.46 (up from NT$4.07 in FY 2023). Revenue: NT$1.77b (up 11% from FY 2023). Net income: NT$98.2m (up 9.8% from FY 2023). Profit margin: 5.5% (down from 5.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.공고 • Feb 26M-POWER INFORMATION Co., LTD., Annual General Meeting, May 27, 2025M-POWER INFORMATION Co., LTD., Annual General Meeting, May 27, 2025. Location: 15 floor no,99, fu hsing n. rd., taipei city TaiwanNew Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$2.28b market cap, or US$69.2m).Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: NT$0.77 (vs NT$0.65 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.77 (up from NT$0.65 in 3Q 2023). Revenue: NT$296.9m (up 26% from 3Q 2023). Net income: NT$16.9m (up 19% from 3Q 2023). Profit margin: 5.7% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses.Upcoming Dividend • Aug 28Upcoming dividend of NT$3.80 per shareEligible shareholders must have bought the stock before 04 September 2024. Payment date: 27 September 2024. Payout ratio is on the higher end at 91% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). In line with average of industry peers (4.1%).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.17 (vs NT$1.08 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.17 (up from NT$1.08 in 2Q 2023). Revenue: NT$562.8m (up 13% from 2Q 2023). Net income: NT$25.7m (up 8.1% from 2Q 2023). Profit margin: 4.6% (down from 4.8% in 2Q 2023). The decrease in margin was driven by higher expenses.Declared Dividend • Aug 11Dividend of NT$3.80 announcedDividend of NT$3.80 is the same as last year. Ex-date: 4th September 2024 Payment date: 27th September 2024 Dividend yield will be 3.9%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 81% 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 3.7% to bring the payout ratio under control, which is less than the 16% EPS growth achieved over the last 5 years.Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$123, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 23x in the IT industry in Taiwan. Total loss to shareholders of 6.0% over the past year.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$1.40 (vs NT$1.40 in 1Q 2023)First quarter 2024 results: EPS: NT$1.40 (up from NT$1.40 in 1Q 2023). Revenue: NT$691.9m (up 21% from 1Q 2023). Net income: NT$30.8m (flat on 1Q 2023). Profit margin: 4.5% (down from 5.4% in 1Q 2023). The decrease in margin was driven by higher expenses.공고 • Mar 14M-POWER INFORMATION Co., LTD., Annual General Meeting, May 30, 2024M-POWER INFORMATION Co., LTD., Annual General Meeting, May 30, 2024.Reported Earnings • Mar 06Full year 2023 earnings released: EPS: NT$4.07 (vs NT$4.81 in FY 2022)Full year 2023 results: EPS: NT$4.07 (down from NT$4.81 in FY 2022). Revenue: NT$1.60b (up 8.3% from FY 2022). Net income: NT$89.4m (down 2.3% from FY 2022). Profit margin: 5.6% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses.Upcoming Dividend • Aug 30Upcoming dividend of NT$3.80 per share at 3.2% yieldEligible shareholders must have bought the stock before 06 September 2023. Payment date: 28 September 2023. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (2.7%).New Risk • Jul 06New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.8% 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 Risks Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (118% accrual ratio). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$3.01b market cap, or US$96.1m).New Risk • Jun 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.07b (US$98.9m) This is considered a minor 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. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (118% accrual ratio). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$3.07b market cap, or US$98.9m).매출 및 비용 세부 내역M-POWER INFORMATION가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TPEX:6874 매출, 비용 및 순이익 (TWD Millions)날짜매출순이익일반관리비연구개발비30 Jun 261,826911172631 Mar 261,796871132531 Dec 251,370691062530 Sep 251,332761002230 Jun 251,41086972331 Mar 251,60291962331 Dec 241,77398972330 Sep 241,845941012530 Jun 241,784911012331 Mar 241,720901002231 Dec 231,59989952030 Sep 231,517104881930 Jun 231,456102881931 Mar 231,45997841831 Dec 221,47792851730 Sep 221,43177931630 Jun 221,47880901431 Mar 221,42480851331 Dec 211,16579821230 Sep 211,15871701430 Jun 211,09470691531 Mar 2184956661331 Dec 2072240601231 Dec 19540305910양질의 수익: 6874의 비현금 수익 수준이 높습니다.이익 마진 증가: 6874의 현재 순 이익률 (5%)은 지난해 (6.1%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 6874의 수익은 지난 5년 동안 연평균 2.1% 증가했습니다.성장 가속화: 지난 1년간 6874 의 수익 증가율(5.6%)은 연간 평균(2.1%)을 초과합니다.수익 대 산업: 6874의 지난 1년 수익 증가율(5.6%)은 IT 업계 평균(30.6%)을 능가하지 못했습니다.자기자본이익률높은 ROE: 6874의 자본 수익률(19.4%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/20 22:36종가2026/08/20 00:00수익2026/06/30연간 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스M-POWER INFORMATION Co., LTD.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.
Reported Earnings • Aug 15Second quarter 2026 earnings released: EPS: NT$1.15 (vs NT$0.95 in 2Q 2025)Second quarter 2026 results: EPS: NT$1.15 (up from NT$0.95 in 2Q 2025). Revenue: NT$401.0m (up 8.3% from 2Q 2025). Net income: NT$24.8m (up 19% from 2Q 2025). Profit margin: 6.2% (up from 5.6% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.08 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$946.0m (up 82% from 1Q 2025). Net income: NT$41.9m (up 76% from 1Q 2025). Profit margin: 4.4% (down from 4.6% in 1Q 2025). The decrease in margin was driven by higher expenses.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$3.16 (vs NT$4.46 in FY 2024)Full year 2025 results: EPS: NT$3.16 (down from NT$4.46 in FY 2024). Revenue: NT$1.37b (down 23% from FY 2024). Net income: NT$69.1m (down 30% from FY 2024). Profit margin: 5.0% (down from 5.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.77 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.32 (down from NT$0.77 in 3Q 2024). Revenue: NT$219.6m (down 26% from 3Q 2024). Net income: NT$6.87m (down 59% from 3Q 2024). Profit margin: 3.1% (down from 5.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.95 (vs NT$1.17 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.95 (down from NT$1.17 in 2Q 2024). Revenue: NT$370.1m (down 34% from 2Q 2024). Net income: NT$20.8m (down 19% from 2Q 2024). Profit margin: 5.6% (up from 4.6% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$1.08 (vs NT$1.40 in 1Q 2024)First quarter 2025 results: EPS: NT$1.08 (down from NT$1.40 in 1Q 2024). Revenue: NT$520.9m (down 25% from 1Q 2024). Net income: NT$23.9m (down 23% from 1Q 2024). Profit margin: 4.6% (up from 4.5% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
New Risk • Aug 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$1.66b market cap, or US$51.8m).
Reported Earnings • Aug 15Second quarter 2026 earnings released: EPS: NT$1.15 (vs NT$0.95 in 2Q 2025)Second quarter 2026 results: EPS: NT$1.15 (up from NT$0.95 in 2Q 2025). Revenue: NT$401.0m (up 8.3% from 2Q 2025). Net income: NT$24.8m (up 19% from 2Q 2025). Profit margin: 6.2% (up from 5.6% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
New Risk • Jun 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$1.83b market cap, or US$57.4m).
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.08 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00. Revenue: NT$946.0m (up 82% from 1Q 2025). Net income: NT$41.9m (up 76% from 1Q 2025). Profit margin: 4.4% (down from 4.6% in 1Q 2025). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$88.80, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 16x in the IT industry in Taiwan. Total loss to shareholders of 27% over the past three years.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$3.16 (vs NT$4.46 in FY 2024)Full year 2025 results: EPS: NT$3.16 (down from NT$4.46 in FY 2024). Revenue: NT$1.37b (down 23% from FY 2024). Net income: NT$69.1m (down 30% from FY 2024). Profit margin: 5.0% (down from 5.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year.
공고 • Mar 03M-POWER INFORMATION Co., LTD., Annual General Meeting, May 27, 2026M-POWER INFORMATION Co., LTD., Annual General Meeting, May 27, 2026. Location: 13 floor no,16, sec.4 nan ching e. rd., songshan district, taipei city Taiwan
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.77 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.32 (down from NT$0.77 in 3Q 2024). Revenue: NT$219.6m (down 26% from 3Q 2024). Net income: NT$6.87m (down 59% from 3Q 2024). Profit margin: 3.1% (down from 5.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.95 (vs NT$1.17 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.95 (down from NT$1.17 in 2Q 2024). Revenue: NT$370.1m (down 34% from 2Q 2024). Net income: NT$20.8m (down 19% from 2Q 2024). Profit margin: 5.6% (up from 4.6% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 31Upcoming dividend of NT$4.04 per shareEligible shareholders must have bought the stock before 07 August 2025. Payment date: 29 August 2025. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.9%).
Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$1.08 (vs NT$1.40 in 1Q 2024)First quarter 2025 results: EPS: NT$1.08 (down from NT$1.40 in 1Q 2024). Revenue: NT$520.9m (down 25% from 1Q 2024). Net income: NT$23.9m (down 23% from 1Q 2024). Profit margin: 4.6% (up from 4.5% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$76.80, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 19x in the IT industry in Taiwan. Total returns to shareholders of 44% over the past three years.
New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (NT$2.07b market cap, or US$63.0m).
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: NT$4.46 (vs NT$4.07 in FY 2023)Full year 2024 results: EPS: NT$4.46 (up from NT$4.07 in FY 2023). Revenue: NT$1.77b (up 11% from FY 2023). Net income: NT$98.2m (up 9.8% from FY 2023). Profit margin: 5.5% (down from 5.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
공고 • Feb 26M-POWER INFORMATION Co., LTD., Annual General Meeting, May 27, 2025M-POWER INFORMATION Co., LTD., Annual General Meeting, May 27, 2025. Location: 15 floor no,99, fu hsing n. rd., taipei city Taiwan
New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$2.28b market cap, or US$69.2m).
Reported Earnings • Nov 12Third quarter 2024 earnings released: EPS: NT$0.77 (vs NT$0.65 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.77 (up from NT$0.65 in 3Q 2023). Revenue: NT$296.9m (up 26% from 3Q 2023). Net income: NT$16.9m (up 19% from 3Q 2023). Profit margin: 5.7% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Aug 28Upcoming dividend of NT$3.80 per shareEligible shareholders must have bought the stock before 04 September 2024. Payment date: 27 September 2024. Payout ratio is on the higher end at 91% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). In line with average of industry peers (4.1%).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$1.17 (vs NT$1.08 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.17 (up from NT$1.08 in 2Q 2023). Revenue: NT$562.8m (up 13% from 2Q 2023). Net income: NT$25.7m (up 8.1% from 2Q 2023). Profit margin: 4.6% (down from 4.8% in 2Q 2023). The decrease in margin was driven by higher expenses.
Declared Dividend • Aug 11Dividend of NT$3.80 announcedDividend of NT$3.80 is the same as last year. Ex-date: 4th September 2024 Payment date: 27th September 2024 Dividend yield will be 3.9%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 81% 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 3.7% to bring the payout ratio under control, which is less than the 16% EPS growth achieved over the last 5 years.
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$123, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 23x in the IT industry in Taiwan. Total loss to shareholders of 6.0% over the past year.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$1.40 (vs NT$1.40 in 1Q 2023)First quarter 2024 results: EPS: NT$1.40 (up from NT$1.40 in 1Q 2023). Revenue: NT$691.9m (up 21% from 1Q 2023). Net income: NT$30.8m (flat on 1Q 2023). Profit margin: 4.5% (down from 5.4% in 1Q 2023). The decrease in margin was driven by higher expenses.
공고 • Mar 14M-POWER INFORMATION Co., LTD., Annual General Meeting, May 30, 2024M-POWER INFORMATION Co., LTD., Annual General Meeting, May 30, 2024.
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: NT$4.07 (vs NT$4.81 in FY 2022)Full year 2023 results: EPS: NT$4.07 (down from NT$4.81 in FY 2022). Revenue: NT$1.60b (up 8.3% from FY 2022). Net income: NT$89.4m (down 2.3% from FY 2022). Profit margin: 5.6% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Aug 30Upcoming dividend of NT$3.80 per share at 3.2% yieldEligible shareholders must have bought the stock before 06 September 2023. Payment date: 28 September 2023. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (2.7%).
New Risk • Jul 06New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.8% 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 Risks Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (118% accrual ratio). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$3.01b market cap, or US$96.1m).
New Risk • Jun 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.07b (US$98.9m) This is considered a minor 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. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (118% accrual ratio). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$3.07b market cap, or US$98.9m).