View Financial HealthAdvanced Ceramic X 배당 및 자사주 매입배당 기준 점검 3/6Advanced Ceramic X 수익으로 충분히 충당되는 현재 수익률 2.36% 보유한 배당금 지급 회사입니다.핵심 정보2.4%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률-7.9%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향43%최근 배당 및 자사주 매입 업데이트Declared Dividend • Jul 24Dividend increased to NT$5.59Dividend of NT$5.59 is 52% higher than last year. Ex-date: 7th August 2025 Payment date: 3rd September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.0% to bring the payout ratio under control. However, EPS has declined by 9.3% over the last 5 years so the company would need to reverse this trend.공지 • Feb 27+ 1 more updateAdvanced Ceramic X Corporation Proposes Cash Dividends for the Year 2024Advanced Ceramic X Corporation proposed cash dividends to shareholders of TWD 5.59 per share for the year 2024. Total amount of cash dividends to shareholders: TWD 385,800,558. Date of the board of directors resolution: February 25, 2025.Declared Dividend • Jul 26Dividend increased to NT$3.68Dividend of NT$3.68 is 2.5% higher than last year. Ex-date: 9th August 2024 Payment date: 3rd September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 22% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.Upcoming Dividend • Aug 04Upcoming dividend of NT$3.59 per share at 1.8% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.0%).Upcoming Dividend • Aug 02Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 09 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (2.9%).공지 • Jul 28Advanced Ceramic X Corporation Announces Cash Dividend, Payable on September 01, 2022Advanced Ceramic X Corporation announced cash dividends to common share holders of TWD 552,129,600. Each common shareholder entitled to receive a cash dividend of TWD 8 per share. Ex-rights (Ex-dividend) date is August 09, 2022. Ex-rights (Ex-dividend) record date is August 15, 2022. Payment date of cash dividend distribution is September 01, 2022.모든 업데이트 보기Recent updatesReported Earnings • May 06First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.46 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$1.46 in 1Q 2025). Revenue: NT$352.4m (down 8.8% from 1Q 2025). Net income: NT$95.9m (down 5.0% from 1Q 2025). Profit margin: 27% (up from 26% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$156, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total loss to shareholders of 27% over the past three years.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$131, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 28x in the Communications industry in Taiwan. Total loss to shareholders of 32% over the past three years.New Risk • Feb 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.New Risk • Jan 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 135% 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: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results.공지 • Jan 21Advanced Ceramic X Corporation, Annual General Meeting, Apr 08, 2026Advanced Ceramic X Corporation, Annual General Meeting, Apr 08, 2026, at 09:00 Taipei Standard Time. Location: no,165, han yang rd., hukou township, hsinchu county TaiwanReported Earnings • Jan 21Full year 2025 earnings released: EPS: NT$9.42 (vs NT$6.21 in FY 2024)Full year 2025 results: EPS: NT$9.42 (up from NT$6.21 in FY 2024). Revenue: NT$1.43b (down 16% from FY 2024). Net income: NT$650.3m (up 52% from FY 2024). Profit margin: 46% (up from 25% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Jan 13Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to NT$165. The fair value is estimated to be NT$131, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 34%.New Risk • Dec 22New 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 6.5% 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 Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$129, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 24x in the Communications industry in Taiwan. Total loss to shareholders of 20% over the past three years.New Risk • Nov 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 114% 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: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$1.13 (vs NT$1.43 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.13 (down from NT$1.43 in 3Q 2024). Revenue: NT$338.3m (down 21% from 3Q 2024). Net income: NT$77.7m (down 21% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Nov 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.3% to NT$112. The fair value is estimated to be NT$140, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%.New Risk • Aug 19New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 106% 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: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$139, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 27x in the Communications industry in Taiwan. Total loss to shareholders of 19% over the past three years.Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: NT$5.63 (vs NT$1.44 in 2Q 2024)Second quarter 2025 results: EPS: NT$5.63 (up from NT$1.44 in 2Q 2024). Revenue: NT$356.6m (down 12% from 2Q 2024). Net income: NT$388.8m (up 290% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 24Dividend increased to NT$5.59Dividend of NT$5.59 is 52% higher than last year. Ex-date: 7th August 2025 Payment date: 3rd September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.0% to bring the payout ratio under control. However, EPS has declined by 9.3% over the last 5 years so the company would need to reverse this trend.공지 • Jun 12Advanced Ceramic X Corporation Approves Directorate ChangesAdvanced Ceramic X Corporation Announced Election of Independent director: Wei-Chiao Chen. Date of the shareholders' meeting: June 11, 2025. Title and name of the previous position holder: Independent director: Shang-Ming Chin. Effective date of the new appointment: June 11, 2025.공지 • Apr 22Advanced Ceramic X Corporation to Report Q1, 2025 Results on Apr 29, 2025Advanced Ceramic X Corporation announced that they will report Q1, 2025 results on Apr 29, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$117, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total loss to shareholders of 51% over the past three years.Buy Or Sell Opportunity • Apr 06Now 22% overvaluedOver the last 90 days, the stock has fallen 20% to NT$143. The fair value is estimated to be NT$118, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 32%.New Risk • Mar 09New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 96% Dividend yield: 3.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 96% Earnings have declined by 22% per year over the past 5 years.Reported Earnings • Mar 03Full year 2024 earnings released: EPS: NT$6.21 (vs NT$4.09 in FY 2023)Full year 2024 results: EPS: NT$6.21 (up from NT$4.09 in FY 2023). Revenue: NT$1.69b (up 14% from FY 2023). Net income: NT$428.6m (up 52% from FY 2023). Profit margin: 25% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.공지 • Feb 27+ 1 more updateAdvanced Ceramic X Corporation Proposes Cash Dividends for the Year 2024Advanced Ceramic X Corporation proposed cash dividends to shareholders of TWD 5.59 per share for the year 2024. Total amount of cash dividends to shareholders: TWD 385,800,558. Date of the board of directors resolution: February 25, 2025.공지 • Feb 18Advanced Ceramic X Corporation to Report Q4, 2024 Results on Feb 25, 2025Advanced Ceramic X Corporation announced that they will report Q4, 2024 results on Feb 25, 2025New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: NT$1.43 (vs NT$1.32 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.43 (up from NT$1.32 in 3Q 2023). Revenue: NT$428.6m (up 8.2% from 3Q 2023). Net income: NT$98.8m (up 8.7% from 3Q 2023). Profit margin: 23% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.공지 • Oct 29Advanced Ceramic X Corporation to Report Q3, 2024 Results on Nov 05, 2024Advanced Ceramic X Corporation announced that they will report Q3, 2024 results on Nov 05, 2024Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: NT$1.44 (vs NT$0.93 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.44 (up from NT$0.93 in 2Q 2023). Revenue: NT$404.1m (up 12% from 2Q 2023). Net income: NT$99.6m (up 56% from 2Q 2023). Profit margin: 25% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.Declared Dividend • Jul 26Dividend increased to NT$3.68Dividend of NT$3.68 is 2.5% higher than last year. Ex-date: 9th August 2024 Payment date: 3rd September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 22% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.공지 • Jul 18Advanced Ceramic X Corporation to Report Q2, 2024 Results on Jul 30, 2024Advanced Ceramic X Corporation announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Jul 30, 2024Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$1.76 (vs NT$0.63 in 1Q 2023)First quarter 2024 results: EPS: NT$1.76 (up from NT$0.63 in 1Q 2023). Revenue: NT$402.5m (up 27% from 1Q 2023). Net income: NT$121.3m (up 177% from 1Q 2023). Profit margin: 30% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.New Risk • Apr 20New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 06Full year 2023 earnings released: EPS: NT$4.09 (vs NT$3.99 in FY 2022)Full year 2023 results: EPS: NT$4.09 (up from NT$3.99 in FY 2022). Revenue: NT$1.49b (up 1.6% from FY 2022). Net income: NT$282.4m (up 2.6% from FY 2022). Profit margin: 19% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 53% 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.공지 • Feb 28+ 3 more updatesAdvanced Ceramic X Corporation Announces Financial Officer ChangesAdvanced Ceramic X Corporation announced change of financial officer. Name of the previous position holder: Ching-Yao Peng, financial officer, financial director of ACX. Name of the new position holder: Hsien-Liang Chou, financial officer, financial manager of ACX. Effective date of the new appointment: November 29, 2023. Reason for the change: position adjustment. Any other matters that need to be specified: Effective by February 27, 2024 through board of director meeting.Price Target Changed • Nov 30Price target increased by 8.1% to NT$300Up from NT$278, the current price target is provided by 1 analyst. New target price is 15% above last closing price of NT$262. Stock is up 39% over the past year. The company is forecast to post earnings per share of NT$4.10 for next year compared to NT$3.99 last year.Valuation Update With 7 Day Price Move • Nov 23Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$273, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 24x in the Communications industry in Taiwan. Total loss to shareholders of 31% over the past three years.New Risk • Nov 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.7% 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 Risk Earnings have declined by 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change).New Risk • Nov 11New major risk - Revenue and earnings growthEarnings have declined by 9.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).공지 • Aug 18Advanced Ceramic X Corporation Announces Change of Representative of Juristic-Person DirectorsAdvanced Ceramic X Corporation announced change of representative of juristic-person directors. Name of legal person: Kuo Chia Fu Investment Corporation. Name of the previous position holder: Yung-Fu Kuo, Director of Advanced Ceramic X Corporation. Name of the new position holder: Cheng-Hsin Kuo, GM's Special Assistant of Kuo Chia Fu Investment Corporation. Effective date of the new appointment: August 17, 2023.Upcoming Dividend • Aug 04Upcoming dividend of NT$3.59 per share at 1.8% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.0%).Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: NT$0.93 (vs NT$1.28 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.93 (down from NT$1.28 in 2Q 2022). Revenue: NT$359.7m (down 5.2% from 2Q 2022). Net income: NT$63.9m (down 28% from 2Q 2022). Profit margin: 18% (down from 23% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 24Full year 2022 earnings released: EPS: NT$3.99 (vs NT$14.88 in FY 2021)Full year 2022 results: EPS: NT$3.99 (down from NT$14.88 in FY 2021). Revenue: NT$1.47b (down 49% from FY 2021). Net income: NT$275.4m (down 73% from FY 2021). Profit margin: 19% (down from 36% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$222, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 15x in the Communications industry in Taiwan. Total loss to shareholders of 23% over the past three years.Price Target Changed • Nov 16Price target decreased to NT$233Down from NT$278, the current price target is an average from 2 analysts. New target price is 31% above last closing price of NT$178. Stock is down 57% over the past year. The company posted earnings per share of NT$14.88 last year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 4 independent directors (5 non-independent directors). Financial Director & Independent Director Yu-Hui Ning was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: NT$0.96 (vs NT$4.13 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.96 (down from NT$4.13 in 3Q 2021). Revenue: NT$324.1m (down 56% from 3Q 2021). Net income: NT$66.1m (down 77% from 3Q 2021). Profit margin: 20% (down from 39% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$215, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total loss to shareholders of 7.4% over the past three years.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$1.28 (vs NT$5.06 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.28 (down from NT$5.06 in 2Q 2021). Revenue: NT$379.3m (down 55% from 2Q 2021). Net income: NT$88.2m (down 75% from 2Q 2021). Profit margin: 23% (down from 41% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Upcoming Dividend • Aug 02Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 09 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (2.9%).공지 • Jul 28Advanced Ceramic X Corporation Announces Cash Dividend, Payable on September 01, 2022Advanced Ceramic X Corporation announced cash dividends to common share holders of TWD 552,129,600. Each common shareholder entitled to receive a cash dividend of TWD 8 per share. Ex-rights (Ex-dividend) date is August 09, 2022. Ex-rights (Ex-dividend) record date is August 15, 2022. Payment date of cash dividend distribution is September 01, 2022.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$173, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 17x in the Communications industry in Taiwan. Total loss to shareholders of 17% over the past three years.Price Target Changed • Jun 23Price target decreased to NT$278Down from NT$348, the current price target is provided by 1 analyst. New target price is 39% above last closing price of NT$200. Stock is down 62% over the past year. The company posted earnings per share of NT$14.88 last year.공지 • Jun 19+ 2 more updatesAdvanced Ceramic X Corporation Announces Change of Audit CommitteeAdvanced Ceramic X Corporation announced that name of the functional committees: Audit Committee. Resume of the previous position holder: Shiuh-Kao Chiang, Independent director of Advanced Ceramic X Corporation; Ta-Wen Sun, Independent director of Advanced Ceramic X Corporation; Shang-Min Chin, Independent director of Advanced Ceramic X Corporation. Name and resume of the new position holder: Shiuh-Kao Chiang, Independent director of Advanced Ceramic X Corporation; Shang-Min Chin, Independent director of Advanced Ceramic X Corporation; Chiu-Feng Lien, Director of Advanced Ceramic X Corporation; and Yu-Hui Ning, Financial Director of Advanced Ceramic X Corporation.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$241, the stock trades at a trailing P/E ratio of 20.2x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 34% over the past three years.Reported Earnings • May 04First quarter 2022 earnings released: EPS: NT$1.16 (vs NT$4.10 in 1Q 2021)First quarter 2022 results: EPS: NT$1.16 (down from NT$4.10 in 1Q 2021). Revenue: NT$404.6m (down 46% from 1Q 2021). Net income: NT$79.9m (down 72% from 1Q 2021). Profit margin: 20% (down from 38% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 27Price target decreased to NT$348Down from NT$376, the current price target is provided by 1 analyst. New target price is 41% above last closing price of NT$247. Stock is down 53% over the past year. The company posted earnings per share of NT$14.88 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Shang-Ming Chin was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 24Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$14.88 (up from NT$12.02 in FY 2020). Revenue: NT$2.85b (up 30% from FY 2020). Net income: NT$1.03b (up 24% from FY 2020). Profit margin: 36% (down from 38% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Over the next year, revenue is expected to shrink by 2.0% compared to a 12% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공지 • Feb 24+ 3 more updatesAdvanced Ceramic X Corporation, Annual General Meeting, Jun 17, 2022Advanced Ceramic X Corporation, Annual General Meeting, Jun 17, 2022. Location: No.16, Tzu Chiang Road, Hsinchu Industrial Park Hsinchu County Taiwan Agenda: To consider 2021 business report; to consider Audit Committee's review report of 2021; to consider distribution of directors' and employees' compensation in 2021; to consider amendments of Corporate Social Responsibility Practice Principles; to accept 2021 business report and financial statements; to approve the proposal for distribution of 2021 earnings; to approve the amendment to Procedures for Acquisition or Disposal of Assets; and to lift non-competition restrictions on newly elected board members.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$414, the stock trades at a trailing P/E ratio of 24.5x. Average forward P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 157% over the past three years.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$4.12 (vs NT$2.93 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$738.4m (up 33% from 3Q 2020). Net income: NT$284.7m (up 41% from 3Q 2020). Profit margin: 39% (up from 36% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 08Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$364, the stock trades at a trailing P/E ratio of 23.2x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 74% over the past three years.Executive Departure • Aug 27Financial Director, Financial and Accounting Officer & Company Secretary Mei-Lan Peng has left the companyOn the 25th of August, Mei-Lan Peng's tenure as Financial Director, Financial and Accounting Officer & Company Secretary ended after 1.7 years in the role. We don't have any record of a personal shareholding under Mei-Lan's name. Mei-Lan is the only executive to leave the company over the last 12 months.Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS NT$5.06 (vs NT$2.80 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$851.3m (up 64% from 2Q 2020). Net income: NT$349.0m (up 81% from 2Q 2020). Profit margin: 41% (up from 37% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.공지 • Jul 15Advanced Ceramic X Corporation Provides Earnings Guidance for the Year 2021Advanced Ceramic X Corporation provided earnings guidance for the year 2021. The company's income will growth by more than 60% and EPS will be TWD 5 in second quarter of 2021. Estimate revenue TWD 3.6 billion, growth of more than 70% and EPS will be TWD 20 in 2021.Price Target Changed • May 14Price target decreased to NT$624Down from NT$704, the current price target is provided by 1 analyst. New target price is 41% above last closing price of NT$442. Stock is up 50% over the past year.Price Target Changed • Mar 18Price target increased to NT$675Up from NT$583, the current price target is provided by 1 analyst. New target price is 19% above last closing price of NT$569. Stock is up 160% over the past year.분석 기사 • Mar 04Would Advanced Ceramic X Corporation (GTSM:3152) Be Valuable To Income Investors?Is Advanced Ceramic X Corporation ( GTSM:3152 ) a good dividend stock? How can we tell? Dividend paying companies with...Is New 90 Day High Low • Mar 03New 90-day high: NT$530The company is up 14% from its price of NT$466 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 7.0% over the same period.공지 • Feb 24Advanced Ceramic X Corporation, Annual General Meeting, Jun 16, 2021Advanced Ceramic X Corporation, Annual General Meeting, Jun 16, 2021. Location: No.165, Hanyang Road, Hsinchu Industrial Park, Hukou Township Hsinchu County Taiwan Agenda: To consider 2020 business report; to consider Audit Committee's review report of 2020; to consider Distribution of directors' and employees' compensation in 2020; to consider Amendments of Codes of Ethical Conduct; to accept 2020 business report and financial statements; to approve the proposal for distribution of 2020 earnings; and to consider other matters.Reported Earnings • Feb 24Full year 2020 earnings released: EPS NT$12.02 (vs NT$9.37 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$2.19b (up 28% from FY 2019). Net income: NT$829.9m (up 28% from FY 2019). Profit margin: 38% (in line with FY 2019). 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 11% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 24Revenue misses expectationsRevenue missed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 28%, compared to a 16% growth forecast for the Communications industry in Taiwan.분석 기사 • Feb 14Should You Be Impressed By Advanced Ceramic X's (GTSM:3152) Returns on Capital?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...분석 기사 • Jan 30At NT$456, Is It Time To Put Advanced Ceramic X Corporation (GTSM:3152) On Your Watch List?Advanced Ceramic X Corporation ( GTSM:3152 ), is not the largest company out there, but it received a lot of attention...Price Target Changed • Jan 26Price target raised to NT$565Up from NT$527, the current price target is provided by 1 analyst. The new target price is 19% above the current share price of NT$473. As of last close, the stock is up 39% over the past year.분석 기사 • Jan 14We Wouldn't Rely On Advanced Ceramic X's (GTSM:3152) Statutory Earnings As A GuideAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...분석 기사 • Dec 30Shareholders Of Advanced Ceramic X (GTSM:3152) Must Be Happy With Their 239% Total ReturnWhen you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...분석 기사 • Dec 15Advanced Ceramic X Corporation's (GTSM:3152) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Advanced Ceramic X's (GTSM:3152) stock is up by a considerable 21% over the past month. Given that stock prices are...Is New 90 Day High Low • Dec 08New 90-day high: NT$468The company is up 19% from its price of NT$392 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 12% over the same period.분석 기사 • Nov 30Is Advanced Ceramic X Corporation's (GTSM:3152) 2.0% Dividend Worth Your Time?Is Advanced Ceramic X Corporation (GTSM:3152) a good dividend stock? How can we tell? Dividend paying companies with...Is New 90 Day High Low • Nov 20New 90-day high: NT$433The company is up 29% from its price of NT$336 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 8.0% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$2.93The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$555.2m (up 34% from 3Q 2019). Net income: NT$202.1m (up 29% from 3Q 2019). Profit margin: 36% (down from 38% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 3152 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 3152 의 배당금 지급액은 지난 10 년 동안 감소했습니다.배당 수익률 vs 시장Advanced Ceramic X 배당 수익률 vs 시장3152의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (3152)2.4%시장 하위 25% (TW)1.5%시장 상위 25% (TW)5.0%업계 평균 (Communications)0.9%분석가 예측 (3152) (최대 3년)n/a주목할만한 배당금: 3152 의 배당금( 2.36% )은 TW 시장에서 배당금 지급자의 하위 25%( 1.48% )보다 높습니다.고배당: 3152 의 배당금( 2.36% )은 TW 시장에서 배당금 지급자의 상위 25%( 5% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 42.7% )로 3152 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 합리적인 현금 지급 비율 ( 67.9% )로 3152 의 배당금 지급은 현금 흐름으로 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/06 10:12종가2026/05/06 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 소스Advanced Ceramic X Corporation는 5명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sebastian HouCLSAnull nullCLSA SinopacRoger HuangKGI Securities Co. Ltd.2명의 분석가 더 보기
Declared Dividend • Jul 24Dividend increased to NT$5.59Dividend of NT$5.59 is 52% higher than last year. Ex-date: 7th August 2025 Payment date: 3rd September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.0% to bring the payout ratio under control. However, EPS has declined by 9.3% over the last 5 years so the company would need to reverse this trend.
공지 • Feb 27+ 1 more updateAdvanced Ceramic X Corporation Proposes Cash Dividends for the Year 2024Advanced Ceramic X Corporation proposed cash dividends to shareholders of TWD 5.59 per share for the year 2024. Total amount of cash dividends to shareholders: TWD 385,800,558. Date of the board of directors resolution: February 25, 2025.
Declared Dividend • Jul 26Dividend increased to NT$3.68Dividend of NT$3.68 is 2.5% higher than last year. Ex-date: 9th August 2024 Payment date: 3rd September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 22% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.
Upcoming Dividend • Aug 04Upcoming dividend of NT$3.59 per share at 1.8% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.0%).
Upcoming Dividend • Aug 02Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 09 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (2.9%).
공지 • Jul 28Advanced Ceramic X Corporation Announces Cash Dividend, Payable on September 01, 2022Advanced Ceramic X Corporation announced cash dividends to common share holders of TWD 552,129,600. Each common shareholder entitled to receive a cash dividend of TWD 8 per share. Ex-rights (Ex-dividend) date is August 09, 2022. Ex-rights (Ex-dividend) record date is August 15, 2022. Payment date of cash dividend distribution is September 01, 2022.
Reported Earnings • May 06First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.46 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (down from NT$1.46 in 1Q 2025). Revenue: NT$352.4m (down 8.8% from 1Q 2025). Net income: NT$95.9m (down 5.0% from 1Q 2025). Profit margin: 27% (up from 26% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$156, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total loss to shareholders of 27% over the past three years.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$131, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 28x in the Communications industry in Taiwan. Total loss to shareholders of 32% over the past three years.
New Risk • Feb 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
New Risk • Jan 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 135% 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: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results.
공지 • Jan 21Advanced Ceramic X Corporation, Annual General Meeting, Apr 08, 2026Advanced Ceramic X Corporation, Annual General Meeting, Apr 08, 2026, at 09:00 Taipei Standard Time. Location: no,165, han yang rd., hukou township, hsinchu county Taiwan
Reported Earnings • Jan 21Full year 2025 earnings released: EPS: NT$9.42 (vs NT$6.21 in FY 2024)Full year 2025 results: EPS: NT$9.42 (up from NT$6.21 in FY 2024). Revenue: NT$1.43b (down 16% from FY 2024). Net income: NT$650.3m (up 52% from FY 2024). Profit margin: 46% (up from 25% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Jan 13Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to NT$165. The fair value is estimated to be NT$131, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 34%.
New Risk • Dec 22New 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 6.5% 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 Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$129, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 24x in the Communications industry in Taiwan. Total loss to shareholders of 20% over the past three years.
New Risk • Nov 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 114% 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: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$1.13 (vs NT$1.43 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.13 (down from NT$1.43 in 3Q 2024). Revenue: NT$338.3m (down 21% from 3Q 2024). Net income: NT$77.7m (down 21% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Nov 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.3% to NT$112. The fair value is estimated to be NT$140, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%.
New Risk • Aug 19New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 106% 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: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$139, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 27x in the Communications industry in Taiwan. Total loss to shareholders of 19% over the past three years.
Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: NT$5.63 (vs NT$1.44 in 2Q 2024)Second quarter 2025 results: EPS: NT$5.63 (up from NT$1.44 in 2Q 2024). Revenue: NT$356.6m (down 12% from 2Q 2024). Net income: NT$388.8m (up 290% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 24Dividend increased to NT$5.59Dividend of NT$5.59 is 52% higher than last year. Ex-date: 7th August 2025 Payment date: 3rd September 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.0% to bring the payout ratio under control. However, EPS has declined by 9.3% over the last 5 years so the company would need to reverse this trend.
공지 • Jun 12Advanced Ceramic X Corporation Approves Directorate ChangesAdvanced Ceramic X Corporation Announced Election of Independent director: Wei-Chiao Chen. Date of the shareholders' meeting: June 11, 2025. Title and name of the previous position holder: Independent director: Shang-Ming Chin. Effective date of the new appointment: June 11, 2025.
공지 • Apr 22Advanced Ceramic X Corporation to Report Q1, 2025 Results on Apr 29, 2025Advanced Ceramic X Corporation announced that they will report Q1, 2025 results on Apr 29, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to NT$117, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total loss to shareholders of 51% over the past three years.
Buy Or Sell Opportunity • Apr 06Now 22% overvaluedOver the last 90 days, the stock has fallen 20% to NT$143. The fair value is estimated to be NT$118, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 32%.
New Risk • Mar 09New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 96% Dividend yield: 3.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 96% Earnings have declined by 22% per year over the past 5 years.
Reported Earnings • Mar 03Full year 2024 earnings released: EPS: NT$6.21 (vs NT$4.09 in FY 2023)Full year 2024 results: EPS: NT$6.21 (up from NT$4.09 in FY 2023). Revenue: NT$1.69b (up 14% from FY 2023). Net income: NT$428.6m (up 52% from FY 2023). Profit margin: 25% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
공지 • Feb 27+ 1 more updateAdvanced Ceramic X Corporation Proposes Cash Dividends for the Year 2024Advanced Ceramic X Corporation proposed cash dividends to shareholders of TWD 5.59 per share for the year 2024. Total amount of cash dividends to shareholders: TWD 385,800,558. Date of the board of directors resolution: February 25, 2025.
공지 • Feb 18Advanced Ceramic X Corporation to Report Q4, 2024 Results on Feb 25, 2025Advanced Ceramic X Corporation announced that they will report Q4, 2024 results on Feb 25, 2025
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: NT$1.43 (vs NT$1.32 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.43 (up from NT$1.32 in 3Q 2023). Revenue: NT$428.6m (up 8.2% from 3Q 2023). Net income: NT$98.8m (up 8.7% from 3Q 2023). Profit margin: 23% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
공지 • Oct 29Advanced Ceramic X Corporation to Report Q3, 2024 Results on Nov 05, 2024Advanced Ceramic X Corporation announced that they will report Q3, 2024 results on Nov 05, 2024
Reported Earnings • Aug 03Second quarter 2024 earnings released: EPS: NT$1.44 (vs NT$0.93 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.44 (up from NT$0.93 in 2Q 2023). Revenue: NT$404.1m (up 12% from 2Q 2023). Net income: NT$99.6m (up 56% from 2Q 2023). Profit margin: 25% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
Declared Dividend • Jul 26Dividend increased to NT$3.68Dividend of NT$3.68 is 2.5% higher than last year. Ex-date: 9th August 2024 Payment date: 3rd September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 22% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years.
공지 • Jul 18Advanced Ceramic X Corporation to Report Q2, 2024 Results on Jul 30, 2024Advanced Ceramic X Corporation announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Jul 30, 2024
Reported Earnings • May 09First quarter 2024 earnings released: EPS: NT$1.76 (vs NT$0.63 in 1Q 2023)First quarter 2024 results: EPS: NT$1.76 (up from NT$0.63 in 1Q 2023). Revenue: NT$402.5m (up 27% from 1Q 2023). Net income: NT$121.3m (up 177% from 1Q 2023). Profit margin: 30% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
New Risk • Apr 20New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: NT$4.09 (vs NT$3.99 in FY 2022)Full year 2023 results: EPS: NT$4.09 (up from NT$3.99 in FY 2022). Revenue: NT$1.49b (up 1.6% from FY 2022). Net income: NT$282.4m (up 2.6% from FY 2022). Profit margin: 19% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 53% 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.
공지 • Feb 28+ 3 more updatesAdvanced Ceramic X Corporation Announces Financial Officer ChangesAdvanced Ceramic X Corporation announced change of financial officer. Name of the previous position holder: Ching-Yao Peng, financial officer, financial director of ACX. Name of the new position holder: Hsien-Liang Chou, financial officer, financial manager of ACX. Effective date of the new appointment: November 29, 2023. Reason for the change: position adjustment. Any other matters that need to be specified: Effective by February 27, 2024 through board of director meeting.
Price Target Changed • Nov 30Price target increased by 8.1% to NT$300Up from NT$278, the current price target is provided by 1 analyst. New target price is 15% above last closing price of NT$262. Stock is up 39% over the past year. The company is forecast to post earnings per share of NT$4.10 for next year compared to NT$3.99 last year.
Valuation Update With 7 Day Price Move • Nov 23Investor sentiment improves as stock rises 26%After last week's 26% share price gain to NT$273, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 24x in the Communications industry in Taiwan. Total loss to shareholders of 31% over the past three years.
New Risk • Nov 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.7% 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 Risk Earnings have declined by 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change).
New Risk • Nov 11New major risk - Revenue and earnings growthEarnings have declined by 9.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.9% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).
공지 • Aug 18Advanced Ceramic X Corporation Announces Change of Representative of Juristic-Person DirectorsAdvanced Ceramic X Corporation announced change of representative of juristic-person directors. Name of legal person: Kuo Chia Fu Investment Corporation. Name of the previous position holder: Yung-Fu Kuo, Director of Advanced Ceramic X Corporation. Name of the new position holder: Cheng-Hsin Kuo, GM's Special Assistant of Kuo Chia Fu Investment Corporation. Effective date of the new appointment: August 17, 2023.
Upcoming Dividend • Aug 04Upcoming dividend of NT$3.59 per share at 1.8% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 08 September 2023. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.0%).
Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: NT$0.93 (vs NT$1.28 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.93 (down from NT$1.28 in 2Q 2022). Revenue: NT$359.7m (down 5.2% from 2Q 2022). Net income: NT$63.9m (down 28% from 2Q 2022). Profit margin: 18% (down from 23% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Communications industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 24Full year 2022 earnings released: EPS: NT$3.99 (vs NT$14.88 in FY 2021)Full year 2022 results: EPS: NT$3.99 (down from NT$14.88 in FY 2021). Revenue: NT$1.47b (down 49% from FY 2021). Net income: NT$275.4m (down 73% from FY 2021). Profit margin: 19% (down from 36% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$222, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 15x in the Communications industry in Taiwan. Total loss to shareholders of 23% over the past three years.
Price Target Changed • Nov 16Price target decreased to NT$233Down from NT$278, the current price target is an average from 2 analysts. New target price is 31% above last closing price of NT$178. Stock is down 57% over the past year. The company posted earnings per share of NT$14.88 last year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 4 independent directors (5 non-independent directors). Financial Director & Independent Director Yu-Hui Ning was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: NT$0.96 (vs NT$4.13 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.96 (down from NT$4.13 in 3Q 2021). Revenue: NT$324.1m (down 56% from 3Q 2021). Net income: NT$66.1m (down 77% from 3Q 2021). Profit margin: 20% (down from 39% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$215, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total loss to shareholders of 7.4% over the past three years.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$1.28 (vs NT$5.06 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.28 (down from NT$5.06 in 2Q 2021). Revenue: NT$379.3m (down 55% from 2Q 2021). Net income: NT$88.2m (down 75% from 2Q 2021). Profit margin: 23% (down from 41% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Aug 02Upcoming dividend of NT$8.00 per shareEligible shareholders must have bought the stock before 09 August 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (2.9%).
공지 • Jul 28Advanced Ceramic X Corporation Announces Cash Dividend, Payable on September 01, 2022Advanced Ceramic X Corporation announced cash dividends to common share holders of TWD 552,129,600. Each common shareholder entitled to receive a cash dividend of TWD 8 per share. Ex-rights (Ex-dividend) date is August 09, 2022. Ex-rights (Ex-dividend) record date is August 15, 2022. Payment date of cash dividend distribution is September 01, 2022.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$173, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 17x in the Communications industry in Taiwan. Total loss to shareholders of 17% over the past three years.
Price Target Changed • Jun 23Price target decreased to NT$278Down from NT$348, the current price target is provided by 1 analyst. New target price is 39% above last closing price of NT$200. Stock is down 62% over the past year. The company posted earnings per share of NT$14.88 last year.
공지 • Jun 19+ 2 more updatesAdvanced Ceramic X Corporation Announces Change of Audit CommitteeAdvanced Ceramic X Corporation announced that name of the functional committees: Audit Committee. Resume of the previous position holder: Shiuh-Kao Chiang, Independent director of Advanced Ceramic X Corporation; Ta-Wen Sun, Independent director of Advanced Ceramic X Corporation; Shang-Min Chin, Independent director of Advanced Ceramic X Corporation. Name and resume of the new position holder: Shiuh-Kao Chiang, Independent director of Advanced Ceramic X Corporation; Shang-Min Chin, Independent director of Advanced Ceramic X Corporation; Chiu-Feng Lien, Director of Advanced Ceramic X Corporation; and Yu-Hui Ning, Financial Director of Advanced Ceramic X Corporation.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$241, the stock trades at a trailing P/E ratio of 20.2x. Average forward P/E is 13x in the Communications industry in Taiwan. Total returns to shareholders of 34% over the past three years.
Reported Earnings • May 04First quarter 2022 earnings released: EPS: NT$1.16 (vs NT$4.10 in 1Q 2021)First quarter 2022 results: EPS: NT$1.16 (down from NT$4.10 in 1Q 2021). Revenue: NT$404.6m (down 46% from 1Q 2021). Net income: NT$79.9m (down 72% from 1Q 2021). Profit margin: 20% (down from 38% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 27Price target decreased to NT$348Down from NT$376, the current price target is provided by 1 analyst. New target price is 41% above last closing price of NT$247. Stock is down 53% over the past year. The company posted earnings per share of NT$14.88 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Shang-Ming Chin was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 24Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$14.88 (up from NT$12.02 in FY 2020). Revenue: NT$2.85b (up 30% from FY 2020). Net income: NT$1.03b (up 24% from FY 2020). Profit margin: 36% (down from 38% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Over the next year, revenue is expected to shrink by 2.0% compared to a 12% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공지 • Feb 24+ 3 more updatesAdvanced Ceramic X Corporation, Annual General Meeting, Jun 17, 2022Advanced Ceramic X Corporation, Annual General Meeting, Jun 17, 2022. Location: No.16, Tzu Chiang Road, Hsinchu Industrial Park Hsinchu County Taiwan Agenda: To consider 2021 business report; to consider Audit Committee's review report of 2021; to consider distribution of directors' and employees' compensation in 2021; to consider amendments of Corporate Social Responsibility Practice Principles; to accept 2021 business report and financial statements; to approve the proposal for distribution of 2021 earnings; to approve the amendment to Procedures for Acquisition or Disposal of Assets; and to lift non-competition restrictions on newly elected board members.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$414, the stock trades at a trailing P/E ratio of 24.5x. Average forward P/E is 16x in the Communications industry in Taiwan. Total returns to shareholders of 157% over the past three years.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS NT$4.12 (vs NT$2.93 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$738.4m (up 33% from 3Q 2020). Net income: NT$284.7m (up 41% from 3Q 2020). Profit margin: 39% (up from 36% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to NT$364, the stock trades at a trailing P/E ratio of 23.2x. Average forward P/E is 14x in the Communications industry in Taiwan. Total returns to shareholders of 74% over the past three years.
Executive Departure • Aug 27Financial Director, Financial and Accounting Officer & Company Secretary Mei-Lan Peng has left the companyOn the 25th of August, Mei-Lan Peng's tenure as Financial Director, Financial and Accounting Officer & Company Secretary ended after 1.7 years in the role. We don't have any record of a personal shareholding under Mei-Lan's name. Mei-Lan is the only executive to leave the company over the last 12 months.
Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS NT$5.06 (vs NT$2.80 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$851.3m (up 64% from 2Q 2020). Net income: NT$349.0m (up 81% from 2Q 2020). Profit margin: 41% (up from 37% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Jul 15Advanced Ceramic X Corporation Provides Earnings Guidance for the Year 2021Advanced Ceramic X Corporation provided earnings guidance for the year 2021. The company's income will growth by more than 60% and EPS will be TWD 5 in second quarter of 2021. Estimate revenue TWD 3.6 billion, growth of more than 70% and EPS will be TWD 20 in 2021.
Price Target Changed • May 14Price target decreased to NT$624Down from NT$704, the current price target is provided by 1 analyst. New target price is 41% above last closing price of NT$442. Stock is up 50% over the past year.
Price Target Changed • Mar 18Price target increased to NT$675Up from NT$583, the current price target is provided by 1 analyst. New target price is 19% above last closing price of NT$569. Stock is up 160% over the past year.
분석 기사 • Mar 04Would Advanced Ceramic X Corporation (GTSM:3152) Be Valuable To Income Investors?Is Advanced Ceramic X Corporation ( GTSM:3152 ) a good dividend stock? How can we tell? Dividend paying companies with...
Is New 90 Day High Low • Mar 03New 90-day high: NT$530The company is up 14% from its price of NT$466 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 7.0% over the same period.
공지 • Feb 24Advanced Ceramic X Corporation, Annual General Meeting, Jun 16, 2021Advanced Ceramic X Corporation, Annual General Meeting, Jun 16, 2021. Location: No.165, Hanyang Road, Hsinchu Industrial Park, Hukou Township Hsinchu County Taiwan Agenda: To consider 2020 business report; to consider Audit Committee's review report of 2020; to consider Distribution of directors' and employees' compensation in 2020; to consider Amendments of Codes of Ethical Conduct; to accept 2020 business report and financial statements; to approve the proposal for distribution of 2020 earnings; and to consider other matters.
Reported Earnings • Feb 24Full year 2020 earnings released: EPS NT$12.02 (vs NT$9.37 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$2.19b (up 28% from FY 2019). Net income: NT$829.9m (up 28% from FY 2019). Profit margin: 38% (in line with FY 2019). 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 11% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 24Revenue misses expectationsRevenue missed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 28%, compared to a 16% growth forecast for the Communications industry in Taiwan.
분석 기사 • Feb 14Should You Be Impressed By Advanced Ceramic X's (GTSM:3152) Returns on Capital?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
분석 기사 • Jan 30At NT$456, Is It Time To Put Advanced Ceramic X Corporation (GTSM:3152) On Your Watch List?Advanced Ceramic X Corporation ( GTSM:3152 ), is not the largest company out there, but it received a lot of attention...
Price Target Changed • Jan 26Price target raised to NT$565Up from NT$527, the current price target is provided by 1 analyst. The new target price is 19% above the current share price of NT$473. As of last close, the stock is up 39% over the past year.
분석 기사 • Jan 14We Wouldn't Rely On Advanced Ceramic X's (GTSM:3152) Statutory Earnings As A GuideAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
분석 기사 • Dec 30Shareholders Of Advanced Ceramic X (GTSM:3152) Must Be Happy With Their 239% Total ReturnWhen you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
분석 기사 • Dec 15Advanced Ceramic X Corporation's (GTSM:3152) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?Advanced Ceramic X's (GTSM:3152) stock is up by a considerable 21% over the past month. Given that stock prices are...
Is New 90 Day High Low • Dec 08New 90-day high: NT$468The company is up 19% from its price of NT$392 on 09 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 12% over the same period.
분석 기사 • Nov 30Is Advanced Ceramic X Corporation's (GTSM:3152) 2.0% Dividend Worth Your Time?Is Advanced Ceramic X Corporation (GTSM:3152) a good dividend stock? How can we tell? Dividend paying companies with...
Is New 90 Day High Low • Nov 20New 90-day high: NT$433The company is up 29% from its price of NT$336 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 8.0% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$2.93The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$555.2m (up 34% from 3Q 2019). Net income: NT$202.1m (up 29% from 3Q 2019). Profit margin: 36% (down from 38% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.