View Future GrowthMildex Optical 과거 순이익 실적과거 기준 점검 2/6Mildex Optical은 연평균 60.2%의 비율로 수입이 증가해 온 반면, Electronic 산업은 수입이 2.7% 증가했습니다. 매출은 연평균 0.7%의 비율로 감소했습니다. Mildex Optical의 자기자본이익률은 1.7%이고 순이익률은 1.2%입니다.핵심 정보60.16%순이익 성장률62.05%주당순이익(EPS) 성장률Electronic 산업 성장률14.81%매출 성장률-0.73%자기자본이익률1.70%순이익률1.20%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.16 (vs NT$0.40 in FY 2024)Full year 2025 results: EPS: NT$0.16 (down from NT$0.40 in FY 2024). Revenue: NT$1.07b (up 8.5% from FY 2024). Net income: NT$12.9m (down 59% from FY 2024). Profit margin: 1.2% (down from 3.1% 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 38% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Nov 16Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: NT$0.07 (down from NT$0.16 in 3Q 2024). Revenue: NT$251.3m (up 7.4% from 3Q 2024). Net income: NT$5.18m (down 58% from 3Q 2024). Profit margin: 2.1% (down from 5.3% in 3Q 2024). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: NT$0.05 loss per share (down from NT$0.10 profit in 2Q 2024). Revenue: NT$276.4m (up 3.9% from 2Q 2024). Net loss: NT$3.98m (down 151% from profit in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 80%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.049 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.11 (up from NT$0.049 loss in 1Q 2024). Revenue: NT$274.1m (up 20% from 1Q 2024). Net income: NT$8.38m (up NT$12.2m from 1Q 2024). Profit margin: 3.1% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공지 • May 01Mildex Optical Inc. to Report Q1, 2025 Results on May 08, 2025Mildex Optical Inc. announced that they will report Q1, 2025 results on May 08, 2025공지 • Feb 27Mildex Optical Inc. to Report Fiscal Year 2024 Results on Mar 05, 2025Mildex Optical Inc. announced that they will report fiscal year 2024 results on Mar 05, 2025모든 업데이트 보기Recent updatesReported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.16 (vs NT$0.40 in FY 2024)Full year 2025 results: EPS: NT$0.16 (down from NT$0.40 in FY 2024). Revenue: NT$1.07b (up 8.5% from FY 2024). Net income: NT$12.9m (down 59% from FY 2024). Profit margin: 1.2% (down from 3.1% 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 38% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.공지 • Mar 10Mildex Optical Inc., Annual General Meeting, Jun 18, 2026Mildex Optical Inc., Annual General Meeting, Jun 18, 2026. Location: 9 floor no,266, ch`eng kung 1st rd., cianjin district, kaohsiung city TaiwanValuation Update With 7 Day Price Move • Dec 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$24.15, the stock trades at a trailing P/E ratio of 78.5x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 72% over the past three years.Reported Earnings • Nov 16Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: NT$0.07 (down from NT$0.16 in 3Q 2024). Revenue: NT$251.3m (up 7.4% from 3Q 2024). Net income: NT$5.18m (down 58% from 3Q 2024). Profit margin: 2.1% (down from 5.3% in 3Q 2024). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: NT$0.05 loss per share (down from NT$0.10 profit in 2Q 2024). Revenue: NT$276.4m (up 3.9% from 2Q 2024). Net loss: NT$3.98m (down 151% from profit in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 80%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$25.50, the stock trades at a trailing P/E ratio of 45.7x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 81% over the past three years.Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$20.00, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 68% over the past three years.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.049 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.11 (up from NT$0.049 loss in 1Q 2024). Revenue: NT$274.1m (up 20% from 1Q 2024). Net income: NT$8.38m (up NT$12.2m from 1Q 2024). Profit margin: 3.1% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공지 • May 01Mildex Optical Inc. to Report Q1, 2025 Results on May 08, 2025Mildex Optical Inc. announced that they will report Q1, 2025 results on May 08, 2025Upcoming Dividend • Apr 11Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 18 April 2025. Payment date: 21 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.0%).Buy Or Sell Opportunity • Apr 10Now 28% overvaluedOver the last 90 days, the stock has fallen 23% to NT$18.05. The fair value is estimated to be NT$14.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable.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$18.25, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 27% over the past three years.New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (10.0% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (125% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.57b market cap, or US$47.6m).New Risk • Mar 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 45% 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 Debt is not well covered by operating cash flow (10.0% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (125% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.89b market cap, or US$56.9m).공지 • Mar 06Mildex Optical Inc., Annual General Meeting, Jun 20, 2025Mildex Optical Inc., Annual General Meeting, Jun 20, 2025. Location: 9 floor no,266, ch`eng kung 1st rd., cianjin district, kaohsiung city Taiwan공지 • Feb 27Mildex Optical Inc. to Report Fiscal Year 2024 Results on Mar 05, 2025Mildex Optical Inc. announced that they will report fiscal year 2024 results on Mar 05, 2025Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.16 (vs NT$0.12 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.16 (up from NT$0.12 in 3Q 2023). Revenue: NT$234.0m (down 5.6% from 3Q 2023). Net income: NT$12.4m (up 36% from 3Q 2023). Profit margin: 5.3% (up from 3.7% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.23 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.10 (down from NT$0.23 in 2Q 2023). Revenue: NT$266.0m (down 16% from 2Q 2023). Net income: NT$7.83m (down 56% from 2Q 2023). Profit margin: 2.9% (down from 5.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공지 • Aug 01Mildex Optical Inc. to Report Q2, 2024 Results on Aug 08, 2024Mildex Optical Inc. announced that they will report Q2, 2024 results on Aug 08, 2024New Risk • Jul 30New 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 6.9% 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: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (440% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$1.57b market cap, or US$47.8m).Declared Dividend • Jun 01Dividend of NT$0.50 announcedDividend of NT$0.50 is the same as last year. Ex-date: 13th June 2024 Payment date: 10th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (439% earnings payout ratio). However, it is well covered by cash flows (19% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 388% to bring the payout ratio under control, which is more than the 36% EPS growth achieved over the last 5 years.Reported Earnings • May 12First quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.18 profit in 1Q 2023)First quarter 2024 results: NT$0.05 loss per share (down from NT$0.18 profit in 1Q 2023). Revenue: NT$229.0m (down 27% from 1Q 2023). Net loss: NT$3.82m (down 128% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.New Risk • Mar 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 49% 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 Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Dividend is not well covered by earnings (147% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (NT$1.49b market cap, or US$46.5m).Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$0.34 (vs NT$0.70 in FY 2022)Full year 2023 results: EPS: NT$0.34 (down from NT$0.70 in FY 2022). Revenue: NT$1.10b (down 19% from FY 2022). Net income: NT$26.5m (down 59% from FY 2022). Profit margin: 2.4% (down from 4.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.공지 • Mar 08Mildex Optical Inc., Annual General Meeting, Jun 13, 2024Mildex Optical Inc., Annual General Meeting, Jun 13, 2024. Location: 9F., No.266, Cheng-kung 1st Rd Kaohsiung City 801 Kaohsiung City Taiwan Agenda: To consider the business report of 2023; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider Report on the distribution of remuneration of directors and employees in 2023; to consider the Status of cash dividend distribution of 2023; and to consider other matters, if any.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$22.85, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 40% over the past three years.New Risk • Jan 24New 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 5.8% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.51b market cap, or US$48.1m).Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$17.65, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 27% over the past three years.New Risk • Nov 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 82% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.26b market cap, or US$40.1m).Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: NT$0.12 (vs NT$0.32 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.12 (down from NT$0.32 in 3Q 2022). Revenue: NT$248.0m (down 32% from 3Q 2022). Net income: NT$9.09m (down 68% from 3Q 2022). Profit margin: 3.7% (down from 7.7% 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 76% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.New Risk • Aug 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (NT$1.28b market cap, or US$40.1m).Upcoming Dividend • Jun 13Upcoming dividend of NT$0.50 per share at 2.8% yieldEligible shareholders must have bought the stock before 20 June 2023. Payment date: 17 July 2023. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.3%).Reported Earnings • Mar 31Full year 2022 earnings released: EPS: NT$0.70 (vs NT$1.66 loss in FY 2021)Full year 2022 results: EPS: NT$0.70 (up from NT$1.66 loss in FY 2021). Revenue: NT$1.37b (up 19% from FY 2021). Net income: NT$64.5m (up NT$193.9m from FY 2021). Profit margin: 4.7% (up from net loss in FY 2021). The move to profitability was driven by higher 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.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.042 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (up from NT$0.042 in 3Q 2021). Revenue: NT$362.5m (up 25% from 3Q 2021). Net income: NT$28.0m (up NT$24.8m from 3Q 2021). Profit margin: 7.7% (up from 1.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Board Change • Nov 16Less 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shang-An Lin was the last independent director to join the board, commencing their role in 2018. 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 13Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.042 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (up from NT$0.042 in 3Q 2021). Revenue: NT$362.5m (up 25% from 3Q 2021). Net income: NT$28.0m (up NT$24.8m from 3Q 2021). Profit margin: 7.7% (up from 1.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.04 (vs NT$0.14 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.04 (up from NT$0.14 loss in 1Q 2021). Revenue: NT$346.5m (up 42% from 1Q 2021). Net income: NT$4.36m (up NT$18.6m from 1Q 2021). Profit margin: 1.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shang-An Lin was the last independent director to join the board, commencing their role in 2018. 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 • Apr 03Full year 2021 earnings released: NT$1.26 loss per share (vs NT$1.10 loss in FY 2020)Full year 2021 results: NT$1.26 loss per share (down from NT$1.10 loss in FY 2020). Revenue: NT$1.15b (up 26% from FY 2020). Net loss: NT$129.4m (loss widened 14% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS NT$0.03 (vs NT$0.38 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$290.3m (up 36% from 3Q 2020). Net income: NT$3.28m (up NT$42.3m from 3Q 2020). Profit margin: 1.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% 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 18Second quarter 2021 earnings released: NT$0.12 loss per share (vs NT$0.043 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$308.7m (up 12% from 2Q 2020). Net loss: NT$12.7m (down 384% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.Reported Earnings • May 17First quarter 2021 earnings released: NT$0.14 loss per share (vs NT$0.096 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: NT$244.4m (down 3.9% from 1Q 2020). Net loss: NT$14.2m (down 242% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.분석 기사 • Apr 15Does Mildex Optical (GTSM:4729) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Reported Earnings • Mar 31Full year 2020 earnings released: NT$1.10 loss per share (vs NT$0.91 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$913.4m (down 11% from FY 2019). Net loss: NT$113.8m (loss widened 20% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Jan 13New 90-day low: NT$11.95The company is down 16% from its price of NT$14.15 on 16 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.분석 기사 • Jan 07Is Mildex Optical (GTSM:4729) Weighed On By Its Debt Load?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Is New 90 Day High Low • Dec 21New 90-day low: NT$12.00The company is down 19% from its price of NT$14.90 on 23 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.38 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$213.0m (down 21% from 3Q 2019). Net loss: NT$39.0m (loss widened 223% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 111% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 11New 90-day low: NT$13.05The company is down 19% from its price of NT$16.20 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period.Is New 90 Day High Low • Oct 17New 90-day low: NT$14.15The company is down 17% from its price of NT$17.00 on 17 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period.매출 및 비용 세부 내역Mildex Optical가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TPEX:4729 매출, 비용 및 순이익 (TWD Millions)날짜매출순이익일반관리비연구개발비31 Dec 251,074131754630 Sep 251,063241764630 Jun 251,046321724631 Mar 251,035431704531 Dec 24990311614630 Sep 2495021484430 Jun 24964-11474431 Mar 241,01591464531 Dec 231,101261554330 Sep 231,174431624330 Jun 231,288621754531 Mar 231,336741794631 Dec 221,367651724730 Sep 221,379-441804630 Jun 221,307-681724231 Mar 221,251-1111763731 Dec 211,149-1291793430 Sep 211,014-1131873630 Jun 21936-1551783731 Mar 21903-1381773931 Dec 20913-1141804130 Sep 20983-541664030 Jun 201,038-271894131 Mar 201,025-721954031 Dec 191,024-951974030 Sep 191,012-801984030 Jun 19968-1011864031 Mar 19962-571844131 Dec 181,024-431854330 Sep 181,181282225330 Jun 181,3341532276831 Mar 181,4222262447831 Dec 171,7953132889730 Sep 172,08527929411030 Jun 172,34724432911731 Mar 172,51321134313531 Dec 162,40518233513730 Sep 162,38922341514330 Jun 162,39017042114631 Mar 163,92912452918231 Dec 154,886960520430 Sep 156,066-6959121930 Jun 157,276-73704227양질의 수익: 4729는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 4729의 현재 순 이익률 (1.2%)은 지난해 (3.1%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 4729는 지난 5년 동안 흑자전환하며 연평균 60.2%의 수익 성장을 기록했습니다.성장 가속화: 4729은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: 4729은 지난 1년 동안 수익이 감소(-58.7%)하여 Electronic 업계 평균(-1.6%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: 4729의 자본 수익률(1.7%)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 분석2026/05/07 22:20종가2026/05/07 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 소스Mildex Optical Inc.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Si FuSinoPac Securities Investment Service
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.16 (vs NT$0.40 in FY 2024)Full year 2025 results: EPS: NT$0.16 (down from NT$0.40 in FY 2024). Revenue: NT$1.07b (up 8.5% from FY 2024). Net income: NT$12.9m (down 59% from FY 2024). Profit margin: 1.2% (down from 3.1% 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 38% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 16Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: NT$0.07 (down from NT$0.16 in 3Q 2024). Revenue: NT$251.3m (up 7.4% from 3Q 2024). Net income: NT$5.18m (down 58% from 3Q 2024). Profit margin: 2.1% (down from 5.3% in 3Q 2024). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: NT$0.05 loss per share (down from NT$0.10 profit in 2Q 2024). Revenue: NT$276.4m (up 3.9% from 2Q 2024). Net loss: NT$3.98m (down 151% from profit in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 80%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.049 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.11 (up from NT$0.049 loss in 1Q 2024). Revenue: NT$274.1m (up 20% from 1Q 2024). Net income: NT$8.38m (up NT$12.2m from 1Q 2024). Profit margin: 3.1% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공지 • May 01Mildex Optical Inc. to Report Q1, 2025 Results on May 08, 2025Mildex Optical Inc. announced that they will report Q1, 2025 results on May 08, 2025
공지 • Feb 27Mildex Optical Inc. to Report Fiscal Year 2024 Results on Mar 05, 2025Mildex Optical Inc. announced that they will report fiscal year 2024 results on Mar 05, 2025
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.16 (vs NT$0.40 in FY 2024)Full year 2025 results: EPS: NT$0.16 (down from NT$0.40 in FY 2024). Revenue: NT$1.07b (up 8.5% from FY 2024). Net income: NT$12.9m (down 59% from FY 2024). Profit margin: 1.2% (down from 3.1% 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 38% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
공지 • Mar 10Mildex Optical Inc., Annual General Meeting, Jun 18, 2026Mildex Optical Inc., Annual General Meeting, Jun 18, 2026. Location: 9 floor no,266, ch`eng kung 1st rd., cianjin district, kaohsiung city Taiwan
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$24.15, the stock trades at a trailing P/E ratio of 78.5x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 72% over the past three years.
Reported Earnings • Nov 16Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: NT$0.07 (down from NT$0.16 in 3Q 2024). Revenue: NT$251.3m (up 7.4% from 3Q 2024). Net income: NT$5.18m (down 58% from 3Q 2024). Profit margin: 2.1% (down from 5.3% in 3Q 2024). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: NT$0.05 loss per share (down from NT$0.10 profit in 2Q 2024). Revenue: NT$276.4m (up 3.9% from 2Q 2024). Net loss: NT$3.98m (down 151% from profit in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 80%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$25.50, the stock trades at a trailing P/E ratio of 45.7x. Average forward P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 81% over the past three years.
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$20.00, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 68% over the past three years.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.11 (vs NT$0.049 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.11 (up from NT$0.049 loss in 1Q 2024). Revenue: NT$274.1m (up 20% from 1Q 2024). Net income: NT$8.38m (up NT$12.2m from 1Q 2024). Profit margin: 3.1% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공지 • May 01Mildex Optical Inc. to Report Q1, 2025 Results on May 08, 2025Mildex Optical Inc. announced that they will report Q1, 2025 results on May 08, 2025
Upcoming Dividend • Apr 11Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 18 April 2025. Payment date: 21 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.0%).
Buy Or Sell Opportunity • Apr 10Now 28% overvaluedOver the last 90 days, the stock has fallen 23% to NT$18.05. The fair value is estimated to be NT$14.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable.
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$18.25, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 27% over the past three years.
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (10.0% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (125% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.57b market cap, or US$47.6m).
New Risk • Mar 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 45% 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 Debt is not well covered by operating cash flow (10.0% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (125% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.89b market cap, or US$56.9m).
공지 • Mar 06Mildex Optical Inc., Annual General Meeting, Jun 20, 2025Mildex Optical Inc., Annual General Meeting, Jun 20, 2025. Location: 9 floor no,266, ch`eng kung 1st rd., cianjin district, kaohsiung city Taiwan
공지 • Feb 27Mildex Optical Inc. to Report Fiscal Year 2024 Results on Mar 05, 2025Mildex Optical Inc. announced that they will report fiscal year 2024 results on Mar 05, 2025
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.16 (vs NT$0.12 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.16 (up from NT$0.12 in 3Q 2023). Revenue: NT$234.0m (down 5.6% from 3Q 2023). Net income: NT$12.4m (up 36% from 3Q 2023). Profit margin: 5.3% (up from 3.7% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.23 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.10 (down from NT$0.23 in 2Q 2023). Revenue: NT$266.0m (down 16% from 2Q 2023). Net income: NT$7.83m (down 56% from 2Q 2023). Profit margin: 2.9% (down from 5.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공지 • Aug 01Mildex Optical Inc. to Report Q2, 2024 Results on Aug 08, 2024Mildex Optical Inc. announced that they will report Q2, 2024 results on Aug 08, 2024
New Risk • Jul 30New 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 6.9% 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: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (440% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$1.57b market cap, or US$47.8m).
Declared Dividend • Jun 01Dividend of NT$0.50 announcedDividend of NT$0.50 is the same as last year. Ex-date: 13th June 2024 Payment date: 10th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (439% earnings payout ratio). However, it is well covered by cash flows (19% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 388% to bring the payout ratio under control, which is more than the 36% EPS growth achieved over the last 5 years.
Reported Earnings • May 12First quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.18 profit in 1Q 2023)First quarter 2024 results: NT$0.05 loss per share (down from NT$0.18 profit in 1Q 2023). Revenue: NT$229.0m (down 27% from 1Q 2023). Net loss: NT$3.82m (down 128% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 49% 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 Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Dividend is not well covered by earnings (147% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (NT$1.49b market cap, or US$46.5m).
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: NT$0.34 (vs NT$0.70 in FY 2022)Full year 2023 results: EPS: NT$0.34 (down from NT$0.70 in FY 2022). Revenue: NT$1.10b (down 19% from FY 2022). Net income: NT$26.5m (down 59% from FY 2022). Profit margin: 2.4% (down from 4.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
공지 • Mar 08Mildex Optical Inc., Annual General Meeting, Jun 13, 2024Mildex Optical Inc., Annual General Meeting, Jun 13, 2024. Location: 9F., No.266, Cheng-kung 1st Rd Kaohsiung City 801 Kaohsiung City Taiwan Agenda: To consider the business report of 2023; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider Report on the distribution of remuneration of directors and employees in 2023; to consider the Status of cash dividend distribution of 2023; and to consider other matters, if any.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 25%After last week's 25% share price gain to NT$22.85, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 40% over the past three years.
New Risk • Jan 24New 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 5.8% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.51b market cap, or US$48.1m).
Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$17.65, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 27% over the past three years.
New Risk • Nov 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 82% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.26b market cap, or US$40.1m).
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: NT$0.12 (vs NT$0.32 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.12 (down from NT$0.32 in 3Q 2022). Revenue: NT$248.0m (down 32% from 3Q 2022). Net income: NT$9.09m (down 68% from 3Q 2022). Profit margin: 3.7% (down from 7.7% 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 76% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
New Risk • Aug 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (NT$1.28b market cap, or US$40.1m).
Upcoming Dividend • Jun 13Upcoming dividend of NT$0.50 per share at 2.8% yieldEligible shareholders must have bought the stock before 20 June 2023. Payment date: 17 July 2023. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.3%).
Reported Earnings • Mar 31Full year 2022 earnings released: EPS: NT$0.70 (vs NT$1.66 loss in FY 2021)Full year 2022 results: EPS: NT$0.70 (up from NT$1.66 loss in FY 2021). Revenue: NT$1.37b (up 19% from FY 2021). Net income: NT$64.5m (up NT$193.9m from FY 2021). Profit margin: 4.7% (up from net loss in FY 2021). The move to profitability was driven by higher 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.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.042 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (up from NT$0.042 in 3Q 2021). Revenue: NT$362.5m (up 25% from 3Q 2021). Net income: NT$28.0m (up NT$24.8m from 3Q 2021). Profit margin: 7.7% (up from 1.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Board Change • Nov 16Less 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shang-An Lin was the last independent director to join the board, commencing their role in 2018. 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 13Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.042 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (up from NT$0.042 in 3Q 2021). Revenue: NT$362.5m (up 25% from 3Q 2021). Net income: NT$28.0m (up NT$24.8m from 3Q 2021). Profit margin: 7.7% (up from 1.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.04 (vs NT$0.14 loss in 1Q 2021)First quarter 2022 results: EPS: NT$0.04 (up from NT$0.14 loss in 1Q 2021). Revenue: NT$346.5m (up 42% from 1Q 2021). Net income: NT$4.36m (up NT$18.6m from 1Q 2021). Profit margin: 1.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shang-An Lin was the last independent director to join the board, commencing their role in 2018. 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 • Apr 03Full year 2021 earnings released: NT$1.26 loss per share (vs NT$1.10 loss in FY 2020)Full year 2021 results: NT$1.26 loss per share (down from NT$1.10 loss in FY 2020). Revenue: NT$1.15b (up 26% from FY 2020). Net loss: NT$129.4m (loss widened 14% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS NT$0.03 (vs NT$0.38 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$290.3m (up 36% from 3Q 2020). Net income: NT$3.28m (up NT$42.3m from 3Q 2020). Profit margin: 1.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% 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 18Second quarter 2021 earnings released: NT$0.12 loss per share (vs NT$0.043 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$308.7m (up 12% from 2Q 2020). Net loss: NT$12.7m (down 384% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 17First quarter 2021 earnings released: NT$0.14 loss per share (vs NT$0.096 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: NT$244.4m (down 3.9% from 1Q 2020). Net loss: NT$14.2m (down 242% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
분석 기사 • Apr 15Does Mildex Optical (GTSM:4729) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Reported Earnings • Mar 31Full year 2020 earnings released: NT$1.10 loss per share (vs NT$0.91 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$913.4m (down 11% from FY 2019). Net loss: NT$113.8m (loss widened 20% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Jan 13New 90-day low: NT$11.95The company is down 16% from its price of NT$14.15 on 16 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period.
분석 기사 • Jan 07Is Mildex Optical (GTSM:4729) Weighed On By Its Debt Load?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Is New 90 Day High Low • Dec 21New 90-day low: NT$12.00The company is down 19% from its price of NT$14.90 on 23 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.38 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$213.0m (down 21% from 3Q 2019). Net loss: NT$39.0m (loss widened 223% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 111% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 11New 90-day low: NT$13.05The company is down 19% from its price of NT$16.20 on 13 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period.
Is New 90 Day High Low • Oct 17New 90-day low: NT$14.15The company is down 17% from its price of NT$17.00 on 17 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period.