View Future GrowthLeo Systems 과거 순이익 실적과거 기준 점검 5/6Leo Systems은 연평균 0.03%의 비율로 수입이 증가해 온 반면, Tech 산업은 수입이 4.2% 증가했습니다. 매출은 연평균 3.1%의 비율로 증가했습니다. Leo Systems의 자기자본이익률은 13.8%이고 순이익률은 4.9%입니다.핵심 정보0.029%순이익 성장률-1.15%주당순이익(EPS) 성장률Tech 산업 성장률14.00%매출 성장률3.06%자기자본이익률13.77%순이익률4.90%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$2.35 (vs NT$1.61 in FY 2024)Full year 2025 results: EPS: NT$2.35 (up from NT$1.61 in FY 2024). Revenue: NT$4.39b (up 13% from FY 2024). Net income: NT$214.9m (up 48% from FY 2024). Profit margin: 4.9% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% 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 18Third quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.34 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.44 (up from NT$0.34 in 3Q 2024). Revenue: NT$1.34b (up 36% from 3Q 2024). Net income: NT$40.1m (up 30% from 3Q 2024). Profit margin: 3.0% (down from 3.1% 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 18% 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.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.70 (vs NT$0.36 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.70 (up from NT$0.36 in 2Q 2024). Revenue: NT$824.6m (down 11% from 2Q 2024). Net income: NT$64.0m (up 98% from 2Q 2024). Profit margin: 7.8% (up from 3.5% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.65 (vs NT$0.41 in 1Q 2024)First quarter 2025 results: EPS: NT$0.65 (up from NT$0.41 in 1Q 2024). Revenue: NT$1.34b (up 69% from 1Q 2024). Net income: NT$59.6m (up 63% from 1Q 2024). Profit margin: 4.5% (down from 4.6% 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 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공지 • May 03Leo Systems, Inc. to Report Q1, 2025 Results on May 12, 2025Leo Systems, Inc. announced that they will report Q1, 2025 results on May 12, 2025Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.61 (vs NT$2.12 in FY 2023)Full year 2024 results: EPS: NT$1.61 (down from NT$2.12 in FY 2023). Revenue: NT$3.90b (up 13% from FY 2023). Net income: NT$145.6m (down 23% from FY 2023). Profit margin: 3.7% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • Mar 30Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to NT$30.00. The fair value is estimated to be NT$37.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 16%.Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$2.35 (vs NT$1.61 in FY 2024)Full year 2025 results: EPS: NT$2.35 (up from NT$1.61 in FY 2024). Revenue: NT$4.39b (up 13% from FY 2024). Net income: NT$214.9m (up 48% from FY 2024). Profit margin: 4.9% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% 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.공지 • Mar 05Leo Systems, Inc., Annual General Meeting, May 25, 2026Leo Systems, Inc., Annual General Meeting, May 25, 2026. Location: 2 floor no,300, yang kuang st., neihu district, taipei city TaiwanReported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.34 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.44 (up from NT$0.34 in 3Q 2024). Revenue: NT$1.34b (up 36% from 3Q 2024). Net income: NT$40.1m (up 30% from 3Q 2024). Profit margin: 3.0% (down from 3.1% 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 18% 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.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$30.35, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 2.2% over the past three years.New Risk • Nov 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 6.8% 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 High level of non-cash earnings (74% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$2.96b market cap, or US$95.3m).Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$39.80, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 86% over the past three years.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.70 (vs NT$0.36 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.70 (up from NT$0.36 in 2Q 2024). Revenue: NT$824.6m (down 11% from 2Q 2024). Net income: NT$64.0m (up 98% from 2Q 2024). Profit margin: 7.8% (up from 3.5% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 23Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 22 August 2025. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.8%).Declared Dividend • Jul 04Dividend reduced to NT$1.50Dividend of NT$1.50 is 27% lower than last year. Ex-date: 30th July 2025 Payment date: 22nd August 2025 Dividend yield will be 5.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.65 (vs NT$0.41 in 1Q 2024)First quarter 2025 results: EPS: NT$0.65 (up from NT$0.41 in 1Q 2024). Revenue: NT$1.34b (up 69% from 1Q 2024). Net income: NT$59.6m (up 63% from 1Q 2024). Profit margin: 4.5% (down from 4.6% 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 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공지 • May 03Leo Systems, Inc. to Report Q1, 2025 Results on May 12, 2025Leo Systems, Inc. announced that they will report Q1, 2025 results on May 12, 2025Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$31.60, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 17x in the Tech industry in Taiwan. Total returns to shareholders of 49% over the past three years.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to NT$24.50, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 16% 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 6.4% 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 (93% payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (NT$2.73b market cap, or US$82.7m).Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$37.70, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 73% over the past three years.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.61 (vs NT$2.12 in FY 2023)Full year 2024 results: EPS: NT$1.61 (down from NT$2.12 in FY 2023). Revenue: NT$3.90b (up 13% from FY 2023). Net income: NT$145.6m (down 23% from FY 2023). Profit margin: 3.7% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.공지 • Mar 06Leo Systems, Inc., Annual General Meeting, May 27, 2025Leo Systems, Inc., Annual General Meeting, May 27, 2025. Location: 2 floor no,12, chou tzu st., neihu district, taipei city Taiwan공지 • Jan 22+ 1 more updateLeo Systems, Inc. Appoints Wang, Chau-Chyun as New Chief Sustainability OfficerLeo Systems, Inc. announced the appointment of Wang, Chau-Chyun, Chairman of the Company as the new Chief Sustainability Officer of the Company. Reason for the change: To meet the needs of the company's sustainable development. Effective date is Jan. 21, 2025.공지 • Dec 31Leo Systems, Inc. Appoints the Shao, Huey-Jou as Chief Strategy Officer, Effective January 1, 2025Leo Systems, Inc. announced the new Chief Strategy Officer of the company. Name, title, and resume of the new position holder: Shao, Huey-Jou/Co-COO(Co-Chief Operating Office) of the Company. Effective date is January 1, 2025.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.34 (vs NT$0.49 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.34 (down from NT$0.49 in 3Q 2023). Revenue: NT$987.8m (up 18% from 3Q 2023). Net income: NT$30.9m (down 29% from 3Q 2023). Profit margin: 3.1% (down from 5.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.공지 • Oct 26Leo Systems, Inc. to Report Q3, 2024 Results on Nov 04, 2024Leo Systems, Inc. announced that they will report Q3, 2024 results on Nov 04, 2024New Risk • Sep 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (110% payout ratio). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (NT$2.96b market cap, or US$92.5m).Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.36 (vs NT$0.65 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.36 (down from NT$0.65 in 2Q 2023). Revenue: NT$924.2m (up 9.4% from 2Q 2023). Net income: NT$32.2m (down 44% from 2Q 2023). Profit margin: 3.5% (down from 6.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$32.55, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 77% over the past three years.New Risk • Aug 02New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.22b (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (95% payout ratio). Market cap is less than US$100m (NT$3.22b market cap, or US$98.1m).Upcoming Dividend • Jul 25Upcoming dividend of NT$2.06 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 28 August 2024. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (3.0%).공지 • Jul 24Leo Systems, Inc. to Report Q2, 2024 Results on Jul 31, 2024Leo Systems, Inc. announced that they will report Q2, 2024 results on Jul 31, 2024Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.41 (vs NT$0.32 in 1Q 2023)First quarter 2024 results: EPS: NT$0.41 (up from NT$0.32 in 1Q 2023). Revenue: NT$793.5m (up 1.3% from 1Q 2023). Net income: NT$36.5m (up 27% from 1Q 2023). Profit margin: 4.6% (up from 3.7% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • May 15Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.5% to NT$36.30. The fair value is estimated to be NT$30.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 12%.공지 • May 03Leo Systems, Inc. to Report Q1, 2024 Results on May 10, 2024Leo Systems, Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 10, 2024Buy Or Sell Opportunity • Apr 30Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 7.0% to NT$36.00. The fair value is estimated to be NT$29.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 12%.Buy Or Sell Opportunity • Apr 11Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to NT$36.55. The fair value is estimated to be NT$29.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 12%.Reported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$2.12 (vs NT$3.24 in FY 2022)Full year 2023 results: EPS: NT$2.12 (down from NT$3.24 in FY 2022). Revenue: NT$3.46b (down 48% from FY 2022). Net income: NT$188.4m (down 34% from FY 2022). Profit margin: 5.5% (up from 4.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year.공지 • Mar 09Leo Systems, Inc., Annual General Meeting, Jun 05, 2024Leo Systems, Inc., Annual General Meeting, Jun 05, 2024. Location: Conference Hall, 2nd Floor No. 12 Zhouzi Street, Neihu District Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee Audit Report; to consider 2023 Employee and Director Remuneration Distribution Status Report; to consider 2023 Business Report and Financial Statements; and to consider 2023 Profit Distribution Proposal.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.65 (vs NT$0.45 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.65 (up from NT$0.45 in 2Q 2022). Revenue: NT$844.5m (up 17% from 2Q 2022). Net income: NT$57.9m (up 45% from 2Q 2022). Profit margin: 6.9% (up from 5.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year.Upcoming Dividend • Jul 11Upcoming dividend of NT$2.49 per share at 7.4% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 15 August 2023. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.8%).Reported Earnings • Mar 31Full year 2022 earnings released: EPS: NT$3.24 (vs NT$2.14 in FY 2021)Full year 2022 results: EPS: NT$3.24 (up from NT$2.14 in FY 2021). Revenue: NT$6.65b (up 85% from FY 2021). Net income: NT$285.4m (up 53% from FY 2021). Profit margin: 4.3% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.39 (vs NT$0.59 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.39 (up from NT$0.59 in 3Q 2021). Revenue: NT$2.31b (up 164% from 3Q 2021). Net income: NT$122.3m (up 139% from 3Q 2021). Profit margin: 5.3% (down from 5.9% in 3Q 2021). The decrease in margin was driven by higher expenses. 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 18% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$33.20, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 110% over the past three years.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.45 (vs NT$0.56 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.45 (down from NT$0.56 in 2Q 2021). Revenue: NT$720.5m (down 16% from 2Q 2021). Net income: NT$40.0m (down 17% from 2Q 2021). Profit margin: 5.6% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Aug 02Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$31.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.2%.Upcoming Dividend • Jul 28Upcoming dividend of NT$1.85 per shareEligible shareholders must have bought the stock before 04 August 2022. Payment date: 31 August 2022. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (7.2%).Buying Opportunity • Jun 13Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.3%. The fair value is estimated to be NT$31.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.2%.Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.45 (vs NT$0.52 in 1Q 2021)First quarter 2022 results: EPS: NT$0.45 (down from NT$0.52 in 1Q 2021). Revenue: NT$725.3m (down 18% from 1Q 2021). Net income: NT$39.7m (down 11% from 1Q 2021). Profit margin: 5.5% (up from 5.1% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.Buying Opportunity • Apr 27Now 21% undervaluedOver the last 90 days, the stock is up 1.2%. The fair value is estimated to be NT$32.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.2%.Buying Opportunity • Apr 12Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$32.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.2%.Reported Earnings • Mar 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$2.14 (up from NT$2.01 in FY 2020). Revenue: NT$3.59b (up 1.2% from FY 2020). Net income: NT$186.5m (up 7.9% from FY 2020). Profit margin: 5.2% (up from 4.9% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.59 (vs NT$0.54 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$872.6m (down 9.3% from 3Q 2020). Net income: NT$51.3m (up 12% from 3Q 2020). Profit margin: 5.9% (up from 4.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.53 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: NT$858.0m (down 2.7% from 2Q 2020). Net income: NT$48.4m (up 5.7% from 2Q 2020). Profit margin: 5.6% (up from 5.2% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year.Upcoming Dividend • Aug 10Upcoming dividend of NT$1.69 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 10 September 2021. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (5.2%).Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.52 (vs NT$0.48 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$880.3m (down 2.7% from 1Q 2020). Net income: NT$44.6m (up 8.0% from 1Q 2020). Profit margin: 5.1% (up from 4.6% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year.분석 기사 • Apr 13A Look At The Intrinsic Value Of Leo Systems, Inc. (GTSM:5410)Today we will run through one way of estimating the intrinsic value of Leo Systems, Inc. ( GTSM:5410 ) by projecting...Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$2.01 (vs NT$1.94 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.55b (up 2.9% from FY 2019). Net income: NT$172.9m (up 3.7% from FY 2019). Profit margin: 4.9% (up from 4.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.분석 기사 • Mar 09Is Leo Systems (GTSM:5410) A Future Multi-bagger?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...Is New 90 Day High Low • Mar 07New 90-day high: NT$21.95The company is up 2.0% from its price of NT$21.50 on 07 December 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 10.0% over the same period.분석 기사 • Feb 16Leo Systems (GTSM:5410) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Jan 29Why Leo Systems, Inc. (GTSM:5410) Is A Dividend RockstarCould Leo Systems, Inc. ( GTSM:5410 ) be an attractive dividend share to own for the long haul? Investors are often...분석 기사 • Jan 11Is Leo Systems, Inc.'s (GTSM:5410) Recent Performance Tethered To Its Attractive Financial Prospects?Most readers would already know that Leo Systems' (GTSM:5410) stock increased by 4.4% over the past three months. Since...분석 기사 • Dec 22Shareholders Of Leo Systems (GTSM:5410) Must Be Happy With Their 175% Total ReturnWhen we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make...분석 기사 • Dec 04Can Leo Systems (GTSM:5410) Continue To Grow Its Returns On Capital?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS NT$0.54The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: NT$962.2m (down 14% from 3Q 2019). Net income: NT$46.0m (down 7.6% from 3Q 2019). Profit margin: 4.8% (up from 4.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year.매출 및 비용 세부 내역Leo Systems가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TPEX:5410 매출, 비용 및 순이익 (TWD Millions)날짜매출순이익일반관리비연구개발비31 Dec 254,3852154875730 Sep 254,6942104575130 Jun 254,3412004444831 Mar 254,4401694504531 Dec 243,8961464474130 Sep 243,7001584314130 Jun 243,5481714334131 Mar 243,4681964294031 Dec 233,4581884254030 Sep 235,3552145054130 Jun 236,8272925274031 Mar 236,7032745204031 Dec 226,6452855143930 Sep 224,7332444453730 Jun 223,2981734123731 Mar 223,4361824013731 Dec 213,5911863953730 Sep 213,4111843873830 Jun 213,5001793863831 Mar 213,5251763933831 Dec 203,5491733893830 Sep 203,5511723903830 Jun 203,7021764013731 Mar 203,5081653893731 Dec 193,4491673893630 Sep 193,5041633803630 Jun 193,3341453683531 Mar 193,2981393733631 Dec 183,2341363723630 Sep 183,1471413773630 Jun 183,0191363703631 Mar 183,0801353633531 Dec 172,8251203603430 Sep 172,8081143493430 Jun 172,7961143483431 Mar 172,6161143493431 Dec 162,5651143493530 Sep 162,6871303553430 Jun 162,5631353643331 Mar 162,5381253633331 Dec 152,4261233603230 Sep 152,3041193593330 Jun 152,29810534637양질의 수익: 5410는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 5410의 현재 순 이익률 (4.9%)은 지난해 (3.7%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 5410의 수익은 지난 5년 동안 연평균 0.03% 증가했습니다.성장 가속화: 지난 1년간 5410 의 수익 증가율(47.6%)은 연간 평균(0.03%)을 초과합니다.수익 대 산업: 5410의 지난 1년 수익 증가율(47.6%)은 Tech 업계의 -3.1%를 상회했습니다.자기자본이익률높은 ROE: 5410의 자본 수익률(13.8%)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 분석2026/05/09 16:59종가2026/05/08 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 소스Leo Systems, 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 28Full year 2025 earnings released: EPS: NT$2.35 (vs NT$1.61 in FY 2024)Full year 2025 results: EPS: NT$2.35 (up from NT$1.61 in FY 2024). Revenue: NT$4.39b (up 13% from FY 2024). Net income: NT$214.9m (up 48% from FY 2024). Profit margin: 4.9% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% 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 18Third quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.34 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.44 (up from NT$0.34 in 3Q 2024). Revenue: NT$1.34b (up 36% from 3Q 2024). Net income: NT$40.1m (up 30% from 3Q 2024). Profit margin: 3.0% (down from 3.1% 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 18% 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.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.70 (vs NT$0.36 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.70 (up from NT$0.36 in 2Q 2024). Revenue: NT$824.6m (down 11% from 2Q 2024). Net income: NT$64.0m (up 98% from 2Q 2024). Profit margin: 7.8% (up from 3.5% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.65 (vs NT$0.41 in 1Q 2024)First quarter 2025 results: EPS: NT$0.65 (up from NT$0.41 in 1Q 2024). Revenue: NT$1.34b (up 69% from 1Q 2024). Net income: NT$59.6m (up 63% from 1Q 2024). Profit margin: 4.5% (down from 4.6% 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 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공지 • May 03Leo Systems, Inc. to Report Q1, 2025 Results on May 12, 2025Leo Systems, Inc. announced that they will report Q1, 2025 results on May 12, 2025
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.61 (vs NT$2.12 in FY 2023)Full year 2024 results: EPS: NT$1.61 (down from NT$2.12 in FY 2023). Revenue: NT$3.90b (up 13% from FY 2023). Net income: NT$145.6m (down 23% from FY 2023). Profit margin: 3.7% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Mar 30Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to NT$30.00. The fair value is estimated to be NT$37.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 16%.
Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$2.35 (vs NT$1.61 in FY 2024)Full year 2025 results: EPS: NT$2.35 (up from NT$1.61 in FY 2024). Revenue: NT$4.39b (up 13% from FY 2024). Net income: NT$214.9m (up 48% from FY 2024). Profit margin: 4.9% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% 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.
공지 • Mar 05Leo Systems, Inc., Annual General Meeting, May 25, 2026Leo Systems, Inc., Annual General Meeting, May 25, 2026. Location: 2 floor no,300, yang kuang st., neihu district, taipei city Taiwan
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.34 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.44 (up from NT$0.34 in 3Q 2024). Revenue: NT$1.34b (up 36% from 3Q 2024). Net income: NT$40.1m (up 30% from 3Q 2024). Profit margin: 3.0% (down from 3.1% 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 18% 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.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$30.35, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 2.2% over the past three years.
New Risk • Nov 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 6.8% 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 High level of non-cash earnings (74% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$2.96b market cap, or US$95.3m).
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$39.80, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 86% over the past three years.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.70 (vs NT$0.36 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.70 (up from NT$0.36 in 2Q 2024). Revenue: NT$824.6m (down 11% from 2Q 2024). Net income: NT$64.0m (up 98% from 2Q 2024). Profit margin: 7.8% (up from 3.5% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 23Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 22 August 2025. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.8%).
Declared Dividend • Jul 04Dividend reduced to NT$1.50Dividend of NT$1.50 is 27% lower than last year. Ex-date: 30th July 2025 Payment date: 22nd August 2025 Dividend yield will be 5.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.65 (vs NT$0.41 in 1Q 2024)First quarter 2025 results: EPS: NT$0.65 (up from NT$0.41 in 1Q 2024). Revenue: NT$1.34b (up 69% from 1Q 2024). Net income: NT$59.6m (up 63% from 1Q 2024). Profit margin: 4.5% (down from 4.6% 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 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공지 • May 03Leo Systems, Inc. to Report Q1, 2025 Results on May 12, 2025Leo Systems, Inc. announced that they will report Q1, 2025 results on May 12, 2025
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$31.60, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 17x in the Tech industry in Taiwan. Total returns to shareholders of 49% over the past three years.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to NT$24.50, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 16% 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 6.4% 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 (93% payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (NT$2.73b market cap, or US$82.7m).
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$37.70, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 20x in the Tech industry in Taiwan. Total returns to shareholders of 73% over the past three years.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$1.61 (vs NT$2.12 in FY 2023)Full year 2024 results: EPS: NT$1.61 (down from NT$2.12 in FY 2023). Revenue: NT$3.90b (up 13% from FY 2023). Net income: NT$145.6m (down 23% from FY 2023). Profit margin: 3.7% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
공지 • Mar 06Leo Systems, Inc., Annual General Meeting, May 27, 2025Leo Systems, Inc., Annual General Meeting, May 27, 2025. Location: 2 floor no,12, chou tzu st., neihu district, taipei city Taiwan
공지 • Jan 22+ 1 more updateLeo Systems, Inc. Appoints Wang, Chau-Chyun as New Chief Sustainability OfficerLeo Systems, Inc. announced the appointment of Wang, Chau-Chyun, Chairman of the Company as the new Chief Sustainability Officer of the Company. Reason for the change: To meet the needs of the company's sustainable development. Effective date is Jan. 21, 2025.
공지 • Dec 31Leo Systems, Inc. Appoints the Shao, Huey-Jou as Chief Strategy Officer, Effective January 1, 2025Leo Systems, Inc. announced the new Chief Strategy Officer of the company. Name, title, and resume of the new position holder: Shao, Huey-Jou/Co-COO(Co-Chief Operating Office) of the Company. Effective date is January 1, 2025.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.34 (vs NT$0.49 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.34 (down from NT$0.49 in 3Q 2023). Revenue: NT$987.8m (up 18% from 3Q 2023). Net income: NT$30.9m (down 29% from 3Q 2023). Profit margin: 3.1% (down from 5.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
공지 • Oct 26Leo Systems, Inc. to Report Q3, 2024 Results on Nov 04, 2024Leo Systems, Inc. announced that they will report Q3, 2024 results on Nov 04, 2024
New Risk • Sep 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (110% payout ratio). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (NT$2.96b market cap, or US$92.5m).
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.36 (vs NT$0.65 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.36 (down from NT$0.65 in 2Q 2023). Revenue: NT$924.2m (up 9.4% from 2Q 2023). Net income: NT$32.2m (down 44% from 2Q 2023). Profit margin: 3.5% (down from 6.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$32.55, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 77% over the past three years.
New Risk • Aug 02New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.22b (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (95% payout ratio). Market cap is less than US$100m (NT$3.22b market cap, or US$98.1m).
Upcoming Dividend • Jul 25Upcoming dividend of NT$2.06 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 28 August 2024. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (3.0%).
공지 • Jul 24Leo Systems, Inc. to Report Q2, 2024 Results on Jul 31, 2024Leo Systems, Inc. announced that they will report Q2, 2024 results on Jul 31, 2024
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.41 (vs NT$0.32 in 1Q 2023)First quarter 2024 results: EPS: NT$0.41 (up from NT$0.32 in 1Q 2023). Revenue: NT$793.5m (up 1.3% from 1Q 2023). Net income: NT$36.5m (up 27% from 1Q 2023). Profit margin: 4.6% (up from 3.7% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • May 15Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.5% to NT$36.30. The fair value is estimated to be NT$30.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 12%.
공지 • May 03Leo Systems, Inc. to Report Q1, 2024 Results on May 10, 2024Leo Systems, Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 10, 2024
Buy Or Sell Opportunity • Apr 30Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 7.0% to NT$36.00. The fair value is estimated to be NT$29.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 12%.
Buy Or Sell Opportunity • Apr 11Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to NT$36.55. The fair value is estimated to be NT$29.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 12%.
Reported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$2.12 (vs NT$3.24 in FY 2022)Full year 2023 results: EPS: NT$2.12 (down from NT$3.24 in FY 2022). Revenue: NT$3.46b (down 48% from FY 2022). Net income: NT$188.4m (down 34% from FY 2022). Profit margin: 5.5% (up from 4.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year.
공지 • Mar 09Leo Systems, Inc., Annual General Meeting, Jun 05, 2024Leo Systems, Inc., Annual General Meeting, Jun 05, 2024. Location: Conference Hall, 2nd Floor No. 12 Zhouzi Street, Neihu District Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee Audit Report; to consider 2023 Employee and Director Remuneration Distribution Status Report; to consider 2023 Business Report and Financial Statements; and to consider 2023 Profit Distribution Proposal.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.65 (vs NT$0.45 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.65 (up from NT$0.45 in 2Q 2022). Revenue: NT$844.5m (up 17% from 2Q 2022). Net income: NT$57.9m (up 45% from 2Q 2022). Profit margin: 6.9% (up from 5.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year.
Upcoming Dividend • Jul 11Upcoming dividend of NT$2.49 per share at 7.4% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 15 August 2023. Payout ratio is on the higher end at 81% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (3.8%).
Reported Earnings • Mar 31Full year 2022 earnings released: EPS: NT$3.24 (vs NT$2.14 in FY 2021)Full year 2022 results: EPS: NT$3.24 (up from NT$2.14 in FY 2021). Revenue: NT$6.65b (up 85% from FY 2021). Net income: NT$285.4m (up 53% from FY 2021). Profit margin: 4.3% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$1.39 (vs NT$0.59 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.39 (up from NT$0.59 in 3Q 2021). Revenue: NT$2.31b (up 164% from 3Q 2021). Net income: NT$122.3m (up 139% from 3Q 2021). Profit margin: 5.3% (down from 5.9% in 3Q 2021). The decrease in margin was driven by higher expenses. 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 18% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$33.20, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 110% over the past three years.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.45 (vs NT$0.56 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.45 (down from NT$0.56 in 2Q 2021). Revenue: NT$720.5m (down 16% from 2Q 2021). Net income: NT$40.0m (down 17% from 2Q 2021). Profit margin: 5.6% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Aug 02Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$31.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.2%.
Upcoming Dividend • Jul 28Upcoming dividend of NT$1.85 per shareEligible shareholders must have bought the stock before 04 August 2022. Payment date: 31 August 2022. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (7.2%).
Buying Opportunity • Jun 13Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.3%. The fair value is estimated to be NT$31.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.2%.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.45 (vs NT$0.52 in 1Q 2021)First quarter 2022 results: EPS: NT$0.45 (down from NT$0.52 in 1Q 2021). Revenue: NT$725.3m (down 18% from 1Q 2021). Net income: NT$39.7m (down 11% from 1Q 2021). Profit margin: 5.5% (up from 5.1% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year.
Buying Opportunity • Apr 27Now 21% undervaluedOver the last 90 days, the stock is up 1.2%. The fair value is estimated to be NT$32.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.2%.
Buying Opportunity • Apr 12Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be NT$32.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.2%.
Reported Earnings • Mar 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$2.14 (up from NT$2.01 in FY 2020). Revenue: NT$3.59b (up 1.2% from FY 2020). Net income: NT$186.5m (up 7.9% from FY 2020). Profit margin: 5.2% (up from 4.9% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.59 (vs NT$0.54 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$872.6m (down 9.3% from 3Q 2020). Net income: NT$51.3m (up 12% from 3Q 2020). Profit margin: 5.9% (up from 4.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.56 (vs NT$0.53 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: NT$858.0m (down 2.7% from 2Q 2020). Net income: NT$48.4m (up 5.7% from 2Q 2020). Profit margin: 5.6% (up from 5.2% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year.
Upcoming Dividend • Aug 10Upcoming dividend of NT$1.69 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 10 September 2021. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (5.2%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.52 (vs NT$0.48 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$880.3m (down 2.7% from 1Q 2020). Net income: NT$44.6m (up 8.0% from 1Q 2020). Profit margin: 5.1% (up from 4.6% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year.
분석 기사 • Apr 13A Look At The Intrinsic Value Of Leo Systems, Inc. (GTSM:5410)Today we will run through one way of estimating the intrinsic value of Leo Systems, Inc. ( GTSM:5410 ) by projecting...
Reported Earnings • Mar 31Full year 2020 earnings released: EPS NT$2.01 (vs NT$1.94 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.55b (up 2.9% from FY 2019). Net income: NT$172.9m (up 3.7% from FY 2019). Profit margin: 4.9% (up from 4.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.
분석 기사 • Mar 09Is Leo Systems (GTSM:5410) A Future Multi-bagger?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Is New 90 Day High Low • Mar 07New 90-day high: NT$21.95The company is up 2.0% from its price of NT$21.50 on 07 December 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 10.0% over the same period.
분석 기사 • Feb 16Leo Systems (GTSM:5410) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Jan 29Why Leo Systems, Inc. (GTSM:5410) Is A Dividend RockstarCould Leo Systems, Inc. ( GTSM:5410 ) be an attractive dividend share to own for the long haul? Investors are often...
분석 기사 • Jan 11Is Leo Systems, Inc.'s (GTSM:5410) Recent Performance Tethered To Its Attractive Financial Prospects?Most readers would already know that Leo Systems' (GTSM:5410) stock increased by 4.4% over the past three months. Since...
분석 기사 • Dec 22Shareholders Of Leo Systems (GTSM:5410) Must Be Happy With Their 175% Total ReturnWhen we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make...
분석 기사 • Dec 04Can Leo Systems (GTSM:5410) Continue To Grow Its Returns On Capital?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS NT$0.54The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: NT$962.2m (down 14% from 3Q 2019). Net income: NT$46.0m (down 7.6% from 3Q 2019). Profit margin: 4.8% (up from 4.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year.