View Future GrowthAvertronics 과거 순이익 실적과거 기준 점검 0/6Avertronics의 수입은 연평균 -21.1%의 비율로 감소해 온 반면, Electronic 산업은 수입이 연평균 2.5% 증가했습니다. 매출은 연평균 7.1%의 비율로 감소해 왔습니다. Avertronics의 자기자본이익률은 2.3%이고 순이익률은 1.5%입니다.핵심 정보-21.07%순이익 성장률-23.16%주당순이익(EPS) 성장률Electronic 산업 성장률14.81%매출 성장률-7.14%자기자본이익률2.27%순이익률1.55%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.34 (vs NT$1.32 in FY 2024)Full year 2025 results: EPS: NT$0.34 (down from NT$1.32 in FY 2024). Revenue: NT$860.5m (up 17% from FY 2024). Net income: NT$13.3m (down 74% from FY 2024). Profit margin: 1.5% (down from 7.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.42 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.42 in 3Q 2024). Revenue: NT$233.7m (up 15% from 3Q 2024). Net income: NT$8.92m (down 45% from 3Q 2024). Profit margin: 3.8% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.29 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.29 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$193.4m (up 23% from 2Q 2024). Net loss: NT$11.4m (down 273% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$0.18 (vs NT$0.18 in 1Q 2024)First quarter 2025 results: EPS: NT$0.18 (up from NT$0.18 in 1Q 2024). Revenue: NT$201.7m (up 50% from 1Q 2024). Net income: NT$7.11m (up 3.2% from 1Q 2024). Profit margin: 3.5% (down from 5.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$1.32 (vs NT$0.25 in FY 2023)Full year 2024 results: EPS: NT$1.32 (up from NT$0.25 in FY 2023). Revenue: NT$738.2m (up 21% from FY 2023). Net income: NT$51.5m (up 429% from FY 2023). Profit margin: 7.0% (up from 1.6% 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 47% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Nov 20Third quarter 2024 earnings released: EPS: NT$0.42 (vs NT$0.16 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.42 (up from NT$0.16 in 3Q 2023). Revenue: NT$203.3m (up 37% from 3Q 2023). Net income: NT$16.2m (up 158% from 3Q 2023). Profit margin: 8.0% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.모든 업데이트 보기Recent updatesReported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.34 (vs NT$1.32 in FY 2024)Full year 2025 results: EPS: NT$0.34 (down from NT$1.32 in FY 2024). Revenue: NT$860.5m (up 17% from FY 2024). Net income: NT$13.3m (down 74% from FY 2024). Profit margin: 1.5% (down from 7.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.공지 • Jan 19Avertronics Inc., Annual General Meeting, May 15, 2026Avertronics Inc., Annual General Meeting, May 15, 2026. Location: 1 floor no,10, kung yeh rd., nan tun district, taichung city TaiwanReported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.42 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.42 in 3Q 2024). Revenue: NT$233.7m (up 15% from 3Q 2024). Net income: NT$8.92m (down 45% from 3Q 2024). Profit margin: 3.8% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$25.30, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.29 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.29 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$193.4m (up 23% from 2Q 2024). Net loss: NT$11.4m (down 273% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$29.55, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 41% over the past three years.New Risk • Jul 11New 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 6.7% 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 6.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$967.5m market cap, or US$33.1m).Upcoming Dividend • Jun 12Upcoming dividend of NT$0.85 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (3.3%).Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$0.18 (vs NT$0.18 in 1Q 2024)First quarter 2025 results: EPS: NT$0.18 (up from NT$0.18 in 1Q 2024). Revenue: NT$201.7m (up 50% from 1Q 2024). Net income: NT$7.11m (up 3.2% from 1Q 2024). Profit margin: 3.5% (down from 5.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$26.35, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 12% over the past three years.New Risk • Apr 01New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 4.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (NT$1.26b market cap, or US$37.9m).Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$1.32 (vs NT$0.25 in FY 2023)Full year 2024 results: EPS: NT$1.32 (up from NT$0.25 in FY 2023). Revenue: NT$738.2m (up 21% from FY 2023). Net income: NT$51.5m (up 429% from FY 2023). Profit margin: 7.0% (up from 1.6% 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 47% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공지 • Mar 13Avertronics Inc., Annual General Meeting, May 26, 2025Avertronics Inc., Annual General Meeting, May 26, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,10, kung yeh rd., nan tun district, taichung city TaiwanValuation Update With 7 Day Price Move • Dec 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$39.45, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years.Reported Earnings • Nov 20Third quarter 2024 earnings released: EPS: NT$0.42 (vs NT$0.16 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.42 (up from NT$0.16 in 3Q 2023). Revenue: NT$203.3m (up 37% from 3Q 2023). Net income: NT$16.2m (up 158% from 3Q 2023). Profit margin: 8.0% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.17 (vs NT$0.34 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.17 (down from NT$0.34 in 2Q 2023). Revenue: NT$157.7m (down 2.3% from 2Q 2023). Net income: NT$6.58m (down 50% from 2Q 2023). Profit margin: 4.2% (down from 8.2% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 04Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 11 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.6%).Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.18 (vs NT$0.019 in 1Q 2023)First quarter 2024 results: EPS: NT$0.18 (up from NT$0.019 in 1Q 2023). Revenue: NT$134.2m (down 22% from 1Q 2023). Net income: NT$6.89m (up NT$6.17m from 1Q 2023). Profit margin: 5.1% (up from 0.4% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.공지 • Mar 15Avertronics Inc., Annual General Meeting, May 27, 2024Avertronics Inc., Annual General Meeting, May 27, 2024.Reported Earnings • Mar 15Full year 2023 earnings released: EPS: NT$0.25 (vs NT$2.06 in FY 2022)Full year 2023 results: EPS: NT$0.25 (down from NT$2.06 in FY 2022). Revenue: NT$611.2m (down 42% from FY 2022). Net income: NT$9.74m (down 88% from FY 2022). Profit margin: 1.6% (down from 7.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.New Risk • Feb 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 5.9% 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 earnings (228% payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (NT$988.7m market cap, or US$31.7m).Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: NT$0.16 (vs NT$1.12 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.16 (down from NT$1.12 in 3Q 2022). Revenue: NT$148.9m (down 54% from 3Q 2022). Net income: NT$6.29m (down 86% from 3Q 2022). Profit margin: 4.2% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.34 (vs NT$0.55 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.34 (down from NT$0.55 in 2Q 2022). Revenue: NT$161.4m (down 36% from 2Q 2022). Net income: NT$13.2m (down 39% from 2Q 2022). Profit margin: 8.2% (down from 8.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 26Upcoming dividend of NT$1.70 per share at 6.6% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 21 July 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).Reported Earnings • Mar 24Full year 2022 earnings released: EPS: NT$2.06 (vs NT$2.10 in FY 2021)Full year 2022 results: EPS: NT$2.06. Revenue: NT$1.05b (down 1.7% from FY 2021). Net income: NT$80.4m (up 4.8% from FY 2021). Profit margin: 7.7% (up from 7.2% in FY 2021). The increase in margin was driven by lower expenses.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.12 (vs NT$0.67 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.12 (up from NT$0.67 in 3Q 2021). Revenue: NT$321.1m (up 19% from 3Q 2021). Net income: NT$43.6m (up 78% from 3Q 2021). Profit margin: 14% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.12 (vs NT$0.67 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.12 (up from NT$0.67 in 3Q 2021). Revenue: NT$321.1m (up 19% from 3Q 2021). Net income: NT$43.6m (up 78% from 3Q 2021). Profit margin: 14% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$22.90, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years.Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: NT$0.55 (vs NT$0.56 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.55. Revenue: NT$253.2m (down 7.6% from 2Q 2021). Net income: NT$21.5m (up 8.7% from 2Q 2021). Profit margin: 8.5% (up from 7.2% in 2Q 2021). The increase in margin was driven by lower expenses.Buying Opportunity • Jul 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be NT$28.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%.Upcoming Dividend • Jul 07Upcoming dividend of NT$1.70 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (5.1%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.17 (vs NT$0.39 in 1Q 2021)First quarter 2022 results: EPS: NT$0.17 (down from NT$0.39 in 1Q 2021). Revenue: NT$234.0m (down 4.4% from 1Q 2021). Net income: NT$6.45m (down 53% from 1Q 2021). Profit margin: 2.8% (down from 5.6% 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 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$32.15, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 168% over the past three years.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.67 (vs NT$0.51 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$269.7m (up 15% from 3Q 2020). Net income: NT$24.5m (up 39% from 3Q 2020). Profit margin: 9.1% (up from 7.5% 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 7% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.35 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$273.9m (up 43% from 2Q 2020). Net income: NT$19.8m (up 61% from 2Q 2020). Profit margin: 7.2% (up from 6.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 21Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 28 July 2021. Payment date: 13 August 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%).Reported Earnings • May 17First quarter 2021 earnings released: EPS NT$0.39 (vs NT$0.077 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$244.8m (up 69% from 1Q 2020). Net income: NT$13.8m (up 468% from 1Q 2020). Profit margin: 5.6% (up from 1.7% in 1Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$25.90, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 71% over the past year.분석 기사 • Apr 22Does Avertronics (GTSM:3597) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$37.55, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 162% over the past year.Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$1.28 (vs NT$1.05 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$830.3m (up 6.7% from FY 2019). Net income: NT$43.5m (up 36% from FY 2019). Profit margin: 5.2% (up from 4.1% in FY 2019). The increase in margin was driven by higher revenue.분석 기사 • Mar 11Would Avertronics Inc. (GTSM:3597) Be Valuable To Income Investors?Today we'll take a closer look at Avertronics Inc. ( GTSM:3597 ) from a dividend investor's perspective. Owning a...공지 • Mar 11Avertronics Inc., Annual General Meeting, May 25, 2021Avertronics Inc., Annual General Meeting, May 25, 2021.Is New 90 Day High Low • Feb 20New 90-day high: NT$32.60The company is up 63% from its price of NT$19.95 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period.분석 기사 • Feb 18We Like These Underlying Trends At Avertronics (GTSM:3597)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...Is New 90 Day High Low • Feb 03New 90-day high: NT$29.40The company is up 55% from its price of NT$19.00 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period.분석 기사 • Jan 31Are Avertronics's (GTSM:3597) Statutory Earnings A Good Guide To Its Underlying Profitability?As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$28.35, the stock is trading at a trailing P/E ratio of 23.4x, up from the previous P/E ratio of 19.8x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 151%.분석 기사 • Jan 12Does Avertronics (GTSM:3597) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$24.20, the stock is trading at a trailing P/E ratio of 19.9x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 114%.Is New 90 Day High Low • Jan 08New 90-day high: NT$22.00The company is up 13% from its price of NT$19.45 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period.분석 기사 • Dec 25Are Avertronics Inc.'s (GTSM:3597) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?With its stock down 2.0% over the past month, it is easy to disregard Avertronics (GTSM:3597). We, however decided to...분석 기사 • Dec 07Should You Buy Avertronics Inc. (GTSM:3597) For Its Dividend?Could Avertronics Inc. ( GTSM:3597 ) be an attractive dividend share to own for the long haul? Investors are often...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.50The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$234.5m (up 18% from 3Q 2019). Net income: NT$17.6m (up 148% from 3Q 2019). Profit margin: 7.5% (up from 3.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.매출 및 비용 세부 내역Avertronics가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TPEX:3597 매출, 비용 및 순이익 (TWD Millions)날짜매출순이익일반관리비연구개발비31 Dec 2586013145530 Sep 2587226147530 Jun 2584134144531 Mar 2580652142531 Dec 2473852138630 Sep 2462419126730 Jun 245709126731 Mar 2457316126731 Dec 2361110125730 Sep 2372029136630 Jun 2389366144631 Mar 2398475147731 Dec 221,04680152730 Sep 221,08590150730 Jun 221,03371149831 Mar 221,05469153831 Dec 211,06577154730 Sep 211,04769153830 Jun 211,01262151931 Mar 21930551441031 Dec 20830431391130 Sep 20752401361230 Jun 20716301371231 Mar 20698231441231 Dec 19778321601330 Sep 19773191721230 Jun 19810351711131 Mar 19822431631031 Dec 18782461491030 Sep 1876957134930 Jun 1869541126931 Mar 18673211221131 Dec 1765211181230 Sep 17664-11191230 Jun 17676-31191231 Mar 1769141191331 Dec 16706111191430 Sep 16726201201630 Jun 16746291211831 Mar 16735281201931 Dec 15723271192030 Sep 15723221231730 Jun 157231812614양질의 수익: 3597의 비현금 수익 수준이 높습니다.이익 마진 증가: 3597의 현재 순 이익률 (1.5%)은 지난해 (7%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 3597의 수익은 지난 5년 동안 연평균 21.1% 감소했습니다.성장 가속화: 3597은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: 3597은 지난 1년 동안 수익이 감소(-74.1%)하여 Electronic 업계 평균(-2%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: 3597의 자본 수익률(2.3%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/08 18:03종가2026/05/08 00:00수익2025/12/31연간 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 소스Avertronics Inc.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.34 (vs NT$1.32 in FY 2024)Full year 2025 results: EPS: NT$0.34 (down from NT$1.32 in FY 2024). Revenue: NT$860.5m (up 17% from FY 2024). Net income: NT$13.3m (down 74% from FY 2024). Profit margin: 1.5% (down from 7.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.42 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.42 in 3Q 2024). Revenue: NT$233.7m (up 15% from 3Q 2024). Net income: NT$8.92m (down 45% from 3Q 2024). Profit margin: 3.8% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.29 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.29 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$193.4m (up 23% from 2Q 2024). Net loss: NT$11.4m (down 273% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$0.18 (vs NT$0.18 in 1Q 2024)First quarter 2025 results: EPS: NT$0.18 (up from NT$0.18 in 1Q 2024). Revenue: NT$201.7m (up 50% from 1Q 2024). Net income: NT$7.11m (up 3.2% from 1Q 2024). Profit margin: 3.5% (down from 5.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$1.32 (vs NT$0.25 in FY 2023)Full year 2024 results: EPS: NT$1.32 (up from NT$0.25 in FY 2023). Revenue: NT$738.2m (up 21% from FY 2023). Net income: NT$51.5m (up 429% from FY 2023). Profit margin: 7.0% (up from 1.6% 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 47% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 20Third quarter 2024 earnings released: EPS: NT$0.42 (vs NT$0.16 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.42 (up from NT$0.16 in 3Q 2023). Revenue: NT$203.3m (up 37% from 3Q 2023). Net income: NT$16.2m (up 158% from 3Q 2023). Profit margin: 8.0% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$0.34 (vs NT$1.32 in FY 2024)Full year 2025 results: EPS: NT$0.34 (down from NT$1.32 in FY 2024). Revenue: NT$860.5m (up 17% from FY 2024). Net income: NT$13.3m (down 74% from FY 2024). Profit margin: 1.5% (down from 7.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
공지 • Jan 19Avertronics Inc., Annual General Meeting, May 15, 2026Avertronics Inc., Annual General Meeting, May 15, 2026. Location: 1 floor no,10, kung yeh rd., nan tun district, taichung city Taiwan
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.42 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.23 (down from NT$0.42 in 3Q 2024). Revenue: NT$233.7m (up 15% from 3Q 2024). Net income: NT$8.92m (down 45% from 3Q 2024). Profit margin: 3.8% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$25.30, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 14% over the past three years.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.29 loss per share (vs NT$0.17 profit in 2Q 2024)Second quarter 2025 results: NT$0.29 loss per share (down from NT$0.17 profit in 2Q 2024). Revenue: NT$193.4m (up 23% from 2Q 2024). Net loss: NT$11.4m (down 273% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$29.55, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 41% over the past three years.
New Risk • Jul 11New 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 6.7% 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 6.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$967.5m market cap, or US$33.1m).
Upcoming Dividend • Jun 12Upcoming dividend of NT$0.85 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (3.3%).
Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$0.18 (vs NT$0.18 in 1Q 2024)First quarter 2025 results: EPS: NT$0.18 (up from NT$0.18 in 1Q 2024). Revenue: NT$201.7m (up 50% from 1Q 2024). Net income: NT$7.11m (up 3.2% from 1Q 2024). Profit margin: 3.5% (down from 5.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$26.35, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 12% over the past three years.
New Risk • Apr 01New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 4.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (NT$1.26b market cap, or US$37.9m).
Reported Earnings • Mar 20Full year 2024 earnings released: EPS: NT$1.32 (vs NT$0.25 in FY 2023)Full year 2024 results: EPS: NT$1.32 (up from NT$0.25 in FY 2023). Revenue: NT$738.2m (up 21% from FY 2023). Net income: NT$51.5m (up 429% from FY 2023). Profit margin: 7.0% (up from 1.6% 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 47% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공지 • Mar 13Avertronics Inc., Annual General Meeting, May 26, 2025Avertronics Inc., Annual General Meeting, May 26, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,10, kung yeh rd., nan tun district, taichung city Taiwan
Valuation Update With 7 Day Price Move • Dec 13Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$39.45, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years.
Reported Earnings • Nov 20Third quarter 2024 earnings released: EPS: NT$0.42 (vs NT$0.16 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.42 (up from NT$0.16 in 3Q 2023). Revenue: NT$203.3m (up 37% from 3Q 2023). Net income: NT$16.2m (up 158% from 3Q 2023). Profit margin: 8.0% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.17 (vs NT$0.34 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.17 (down from NT$0.34 in 2Q 2023). Revenue: NT$157.7m (down 2.3% from 2Q 2023). Net income: NT$6.58m (down 50% from 2Q 2023). Profit margin: 4.2% (down from 8.2% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 04Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 11 July 2024. Payment date: 02 August 2024. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.6%).
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.18 (vs NT$0.019 in 1Q 2023)First quarter 2024 results: EPS: NT$0.18 (up from NT$0.019 in 1Q 2023). Revenue: NT$134.2m (down 22% from 1Q 2023). Net income: NT$6.89m (up NT$6.17m from 1Q 2023). Profit margin: 5.1% (up from 0.4% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
공지 • Mar 15Avertronics Inc., Annual General Meeting, May 27, 2024Avertronics Inc., Annual General Meeting, May 27, 2024.
Reported Earnings • Mar 15Full year 2023 earnings released: EPS: NT$0.25 (vs NT$2.06 in FY 2022)Full year 2023 results: EPS: NT$0.25 (down from NT$2.06 in FY 2022). Revenue: NT$611.2m (down 42% from FY 2022). Net income: NT$9.74m (down 88% from FY 2022). Profit margin: 1.6% (down from 7.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
New Risk • Feb 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 5.9% 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 earnings (228% payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (NT$988.7m market cap, or US$31.7m).
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: NT$0.16 (vs NT$1.12 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.16 (down from NT$1.12 in 3Q 2022). Revenue: NT$148.9m (down 54% from 3Q 2022). Net income: NT$6.29m (down 86% from 3Q 2022). Profit margin: 4.2% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.34 (vs NT$0.55 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.34 (down from NT$0.55 in 2Q 2022). Revenue: NT$161.4m (down 36% from 2Q 2022). Net income: NT$13.2m (down 39% from 2Q 2022). Profit margin: 8.2% (down from 8.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 26Upcoming dividend of NT$1.70 per share at 6.6% yieldEligible shareholders must have bought the stock before 03 July 2023. Payment date: 21 July 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 6.6%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.2%).
Reported Earnings • Mar 24Full year 2022 earnings released: EPS: NT$2.06 (vs NT$2.10 in FY 2021)Full year 2022 results: EPS: NT$2.06. Revenue: NT$1.05b (down 1.7% from FY 2021). Net income: NT$80.4m (up 4.8% from FY 2021). Profit margin: 7.7% (up from 7.2% in FY 2021). The increase in margin was driven by lower expenses.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.12 (vs NT$0.67 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.12 (up from NT$0.67 in 3Q 2021). Revenue: NT$321.1m (up 19% from 3Q 2021). Net income: NT$43.6m (up 78% from 3Q 2021). Profit margin: 14% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$1.12 (vs NT$0.67 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.12 (up from NT$0.67 in 3Q 2021). Revenue: NT$321.1m (up 19% from 3Q 2021). Net income: NT$43.6m (up 78% from 3Q 2021). Profit margin: 14% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$22.90, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total returns to shareholders of 47% over the past three years.
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: NT$0.55 (vs NT$0.56 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.55. Revenue: NT$253.2m (down 7.6% from 2Q 2021). Net income: NT$21.5m (up 8.7% from 2Q 2021). Profit margin: 8.5% (up from 7.2% in 2Q 2021). The increase in margin was driven by lower expenses.
Buying Opportunity • Jul 14Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be NT$28.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%.
Upcoming Dividend • Jul 07Upcoming dividend of NT$1.70 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 05 August 2022. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 7.2%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (5.1%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.17 (vs NT$0.39 in 1Q 2021)First quarter 2022 results: EPS: NT$0.17 (down from NT$0.39 in 1Q 2021). Revenue: NT$234.0m (down 4.4% from 1Q 2021). Net income: NT$6.45m (down 53% from 1Q 2021). Profit margin: 2.8% (down from 5.6% 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 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$32.15, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 168% over the past three years.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.67 (vs NT$0.51 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$269.7m (up 15% from 3Q 2020). Net income: NT$24.5m (up 39% from 3Q 2020). Profit margin: 9.1% (up from 7.5% 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 7% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.35 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$273.9m (up 43% from 2Q 2020). Net income: NT$19.8m (up 61% from 2Q 2020). Profit margin: 7.2% (up from 6.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 21Upcoming dividend of NT$1.20 per shareEligible shareholders must have bought the stock before 28 July 2021. Payment date: 13 August 2021. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%).
Reported Earnings • May 17First quarter 2021 earnings released: EPS NT$0.39 (vs NT$0.077 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$244.8m (up 69% from 1Q 2020). Net income: NT$13.8m (up 468% from 1Q 2020). Profit margin: 5.6% (up from 1.7% in 1Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$25.90, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 71% over the past year.
분석 기사 • Apr 22Does Avertronics (GTSM:3597) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$37.55, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 20x in the Electronic industry in Taiwan. Total returns to shareholders of 162% over the past year.
Reported Earnings • Mar 27Full year 2020 earnings released: EPS NT$1.28 (vs NT$1.05 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$830.3m (up 6.7% from FY 2019). Net income: NT$43.5m (up 36% from FY 2019). Profit margin: 5.2% (up from 4.1% in FY 2019). The increase in margin was driven by higher revenue.
분석 기사 • Mar 11Would Avertronics Inc. (GTSM:3597) Be Valuable To Income Investors?Today we'll take a closer look at Avertronics Inc. ( GTSM:3597 ) from a dividend investor's perspective. Owning a...
공지 • Mar 11Avertronics Inc., Annual General Meeting, May 25, 2021Avertronics Inc., Annual General Meeting, May 25, 2021.
Is New 90 Day High Low • Feb 20New 90-day high: NT$32.60The company is up 63% from its price of NT$19.95 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period.
분석 기사 • Feb 18We Like These Underlying Trends At Avertronics (GTSM:3597)Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Is New 90 Day High Low • Feb 03New 90-day high: NT$29.40The company is up 55% from its price of NT$19.00 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 24% over the same period.
분석 기사 • Jan 31Are Avertronics's (GTSM:3597) Statutory Earnings A Good Guide To Its Underlying Profitability?As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to NT$28.35, the stock is trading at a trailing P/E ratio of 23.4x, up from the previous P/E ratio of 19.8x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 151%.
분석 기사 • Jan 12Does Avertronics (GTSM:3597) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$24.20, the stock is trading at a trailing P/E ratio of 19.9x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 114%.
Is New 90 Day High Low • Jan 08New 90-day high: NT$22.00The company is up 13% from its price of NT$19.45 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period.
분석 기사 • Dec 25Are Avertronics Inc.'s (GTSM:3597) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?With its stock down 2.0% over the past month, it is easy to disregard Avertronics (GTSM:3597). We, however decided to...
분석 기사 • Dec 07Should You Buy Avertronics Inc. (GTSM:3597) For Its Dividend?Could Avertronics Inc. ( GTSM:3597 ) be an attractive dividend share to own for the long haul? Investors are often...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.50The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$234.5m (up 18% from 3Q 2019). Net income: NT$17.6m (up 148% from 3Q 2019). Profit margin: 7.5% (up from 3.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.