View Financial HealthP-Two Industries 배당 및 자사주 매입배당 기준 점검 0/6P-Two Industries 현재 배당금을 지급하지 않습니다.핵심 정보0%배당 수익률1.9%자사주 매입 수익률총 주주 수익률1.9%미래 배당 수익률n/a배당 성장률-14.3%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트Declared Dividend • Jul 11Dividend increased to NT$1.01Dividend of NT$1.01 is 1.4% higher than last year. Ex-date: 24th July 2025 Payment date: 22nd August 2025 Dividend yield will be 4.3%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. Earnings per share has grown by 140% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Jul 25Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.7%).Upcoming Dividend • Jul 27Upcoming dividend of NT$1.10 per share at 3.2% yieldEligible shareholders must have bought the stock before 03 August 2023. Payment date: 24 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).Upcoming Dividend • Jul 28Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 04 August 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.6%).Upcoming Dividend • Sep 02Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 09 September 2021. Payment date: 30 September 2021. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%).모든 업데이트 보기Recent updatesReported Earnings • May 01First quarter 2026 earnings released: NT$1.00 loss per share (vs NT$0.009 profit in 1Q 2025)First quarter 2026 results: NT$1.00 loss per share (down from NT$0.009 profit in 1Q 2025). Revenue: NT$407.8m (down 5.9% from 1Q 2025). Net loss: NT$59.9m (down NT$60.4m from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.New Risk • Apr 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (NT$991.6m market cap, or US$31.0m).Buy Or Sell Opportunity • Mar 20Now 20% overvaluedOver the last 90 days, the stock has fallen 17% to NT$18.30. The fair value is estimated to be NT$15.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.4%.Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.11 (vs NT$1.26 in FY 2024)Full year 2025 results: EPS: NT$0.11 (down from NT$1.26 in FY 2024). Revenue: NT$1.80b (down 6.1% from FY 2024). Net income: NT$5.92m (down 91% from FY 2024). Profit margin: 0.3% (down from 3.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year.공시 • Mar 11P-Two Industries Inc., Annual General Meeting, May 27, 2026P-Two Industries Inc., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,9, hsing hua rd., taoyuan district, taoyuan city TaiwanReported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$0.03 (vs NT$0.64 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.03 (down from NT$0.64 in 3Q 2024). Revenue: NT$487.9m (down 9.4% from 3Q 2024). Net income: NT$1.40m (down 96% from 3Q 2024). Profit margin: 0.3% (down from 6.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year.New Risk • Nov 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 171% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 171% Paying a dividend despite having no free cash flows. Earnings have declined by 26% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (NT$1.22b market cap, or US$39.2m).Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$0.58 (vs NT$0.72 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.58 (down from NT$0.72 in 2Q 2024). Revenue: NT$470.4m (down 7.5% from 2Q 2024). Net income: NT$31.8m (down 19% from 2Q 2024). Profit margin: 6.8% (down from 7.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.Declared Dividend • Jul 11Dividend increased to NT$1.01Dividend of NT$1.01 is 1.4% higher than last year. Ex-date: 24th July 2025 Payment date: 22nd August 2025 Dividend yield will be 4.3%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. Earnings per share has grown by 140% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.072 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.01 (up from NT$0.072 loss in 1Q 2024). Revenue: NT$433.4m (flat on 1Q 2024). Net income: NT$488.0k (up NT$4.38m from 1Q 2024). Profit margin: 0.1% (up from net loss in 1Q 2024). 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 9% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$21.75, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 32% over the past three years.Buy Or Sell Opportunity • Apr 07Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to NT$24.15. The fair value is estimated to be NT$31.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 35%.Reported Earnings • Mar 21Full year 2024 earnings released: EPS: NT$1.26 (vs NT$1.43 in FY 2023)Full year 2024 results: EPS: NT$1.26 (down from NT$1.43 in FY 2023). Revenue: NT$1.92b (up 9.3% from FY 2023). Net income: NT$68.5m (down 11% from FY 2023). Profit margin: 3.6% (down from 4.4% 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 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.공시 • Jan 24P-Two Industries Inc., Annual General Meeting, Jun 03, 2025P-Two Industries Inc., Annual General Meeting, Jun 03, 2025, at 09:00 Taipei Standard Time. Location: no,9, hsing hua rd., taoyuan district, taoyuan city TaiwanBuy Or Sell Opportunity • Jan 16Now 20% overvaluedOver the last 90 days, the stock has fallen 11% to NT$27.50. The fair value is estimated to be NT$22.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Earnings per share has declined by 43%.Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.64 (vs NT$0.64 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.64 (up from NT$0.64 in 3Q 2023). Revenue: NT$538.3m (up 5.8% from 3Q 2023). Net income: NT$34.7m (up 1.7% from 3Q 2023). Profit margin: 6.4% (down from 6.7% 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 43% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Oct 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to NT$35.00. The fair value is estimated to be NT$28.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 49%.Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.72 (vs NT$1.12 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.72 (down from NT$1.12 in 2Q 2023). Revenue: NT$508.6m (up 8.5% from 2Q 2023). Net income: NT$39.1m (down 35% from 2Q 2023). Profit margin: 7.7% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 25Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.7%).Reported Earnings • May 13First quarter 2024 earnings released: NT$0.07 loss per share (vs NT$0.22 loss in 1Q 2023)First quarter 2024 results: NT$0.07 loss per share (improved from NT$0.22 loss in 1Q 2023). Revenue: NT$435.5m (up 12% from 1Q 2023). Net loss: NT$3.89m (loss narrowed 67% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Mar 24Full year 2023 earnings released: EPS: NT$1.43 (vs NT$1.20 in FY 2022)Full year 2023 results: EPS: NT$1.43 (up from NT$1.20 in FY 2022). Revenue: NT$1.76b (down 10% from FY 2022). Net income: NT$76.7m (up 20% from FY 2022). Profit margin: 4.4% (up from 3.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.공시 • Mar 15P-Two Industries Inc., Annual General Meeting, Jun 06, 2024P-Two Industries Inc., Annual General Meeting, Jun 06, 2024.New Risk • Dec 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% 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 Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 24% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (96% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.92b market cap, or US$61.0m).Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: NT$0.64 (vs NT$0.035 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.64 (up from NT$0.035 in 3Q 2022). Revenue: NT$508.8m (up 9.9% from 3Q 2022). Net income: NT$34.1m (up NT$32.3m from 3Q 2022). Profit margin: 6.7% (up from 0.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.New Risk • Oct 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (203% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$2.08b market cap, or US$64.5m).New Risk • Aug 10New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (203% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.92b market cap, or US$60.5m).New Risk • Aug 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 60% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (203% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.82b market cap, or US$57.6m).Upcoming Dividend • Jul 27Upcoming dividend of NT$1.10 per share at 3.2% yieldEligible shareholders must have bought the stock before 03 August 2023. Payment date: 24 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).New Risk • Jul 26New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 107% Dividend yield: 3.2% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (107% payout ratio). Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (NT$1.90b market cap, or US$60.7m).Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$31.55, the stock trades at a trailing P/E ratio of 69.6x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 23% over the past three years.Reported Earnings • Mar 23Full year 2022 earnings released: EPS: NT$1.20 (vs NT$3.09 in FY 2021)Full year 2022 results: EPS: NT$1.20 (down from NT$3.09 in FY 2021). Revenue: NT$1.96b (down 11% from FY 2021). Net income: NT$63.8m (down 61% from FY 2021). Profit margin: 3.3% (down from 7.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: NT$0.04 (vs NT$0.75 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.04 (down from NT$0.75 in 3Q 2021). Revenue: NT$463.1m (down 16% from 3Q 2021). Net income: NT$1.85m (down 95% from 3Q 2021). Profit margin: 0.4% (down from 7.2% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 28Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 04 August 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.6%).Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: NT$1.05 (vs NT$1.52 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.05 (down from NT$1.52 in 2Q 2021). Revenue: NT$542.8m (down 9.1% from 2Q 2021). Net income: NT$55.9m (down 30% from 2Q 2021). Profit margin: 10% (down from 13% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.51 (down from NT$0.63 in 1Q 2021). Revenue: NT$564.9m (up 3.8% from 1Q 2021). Net income: NT$27.2m (down 18% from 1Q 2021). Profit margin: 4.8% (down from 6.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$3.09 (up from NT$2.61 in FY 2020). Revenue: NT$2.20b (up 8.0% from FY 2020). Net income: NT$162.0m (up 19% from FY 2020). Profit margin: 7.4% (up from 6.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$37.80, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total loss to shareholders of 21% over the past three years.공시 • Jan 28P-Two Industries Inc., Annual General Meeting, Jun 10, 2022P-Two Industries Inc., Annual General Meeting, Jun 10, 2022.Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$42.60, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 43% over the past three years.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.75 (vs NT$1.22 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$548.9m (down 11% from 3Q 2020). Net income: NT$39.3m (down 38% from 3Q 2020). Profit margin: 7.2% (down from 10% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 02Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 09 September 2021. Payment date: 30 September 2021. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%).Reported Earnings • Aug 02Second quarter 2021 earnings released: EPS NT$1.52 (vs NT$1.27 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$596.9m (up 15% from 2Q 2020). Net income: NT$79.6m (up 21% from 2Q 2020). Profit margin: 13% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$25.20, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 8.7% over the past three years.Reported Earnings • Apr 25First quarter 2021 earnings released: EPS NT$0.63 (vs NT$0.40 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$544.4m (up 59% from 1Q 2020). Net income: NT$33.1m (up NT$53.9m from 1Q 2020). Profit margin: 6.1% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.분석 기사 • Apr 19Is P-Two Industries Inc. (GTSM:6158) A Great Dividend Stock?Today we'll take a closer look at P-Two Industries Inc. ( GTSM:6158 ) from a dividend investor's perspective. Owning a...분석 기사 • Mar 31Here's Why P-Two Industries (GTSM:6158) Has A Meaningful Debt BurdenWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$2.58 (vs NT$0.65 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.03b (up 30% from FY 2019). Net income: NT$136.0m (up 301% from FY 2019). Profit margin: 6.7% (up from 2.2% in FY 2019). The increase in margin 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 only fallen by 2% per year, which means it has not declined as severely as earnings.공시 • Mar 18P-Two Industries Inc., Annual General Meeting, Jun 04, 2021P-Two Industries Inc., Annual General Meeting, Jun 04, 2021.분석 기사 • Mar 10Here’s What’s Happening With Returns At P-Two Industries (GTSM:6158)There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...분석 기사 • Feb 16P-Two Industries (GTSM:6158) Has Compensated Shareholders With A 20% Return On Their InvestmentThe main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with...분석 기사 • Jan 26P-Two Industries Inc. (GTSM:6158) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?With its stock down 9.2% over the past month, it is easy to disregard P-Two Industries (GTSM:6158). However, the...분석 기사 • Jan 05Lacklustre Performance Is Driving P-Two Industries Inc.'s (GTSM:6158) Low P/EP-Two Industries Inc.'s ( GTSM:6158 ) price-to-earnings (or "P/E") ratio of 17x might make it look like a buy right now...분석 기사 • Dec 15Does P-Two Industries (GTSM:6158) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Is New 90 Day High Low • Dec 09New 90-day high: NT$34.00The company is up 5.0% from its price of NT$32.25 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.분석 기사 • Nov 24We Like These Underlying Trends At P-Two Industries (GTSM:6158)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$105.5m, up 49% from the prior year. Total revenue was NT$1.85b over the last 12 months, up 14% from the prior year.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 6158 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: 6158 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장P-Two Industries 배당 수익률 vs 시장6158의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (6158)0%시장 하위 25% (TW)1.5%시장 상위 25% (TW)5.1%업계 평균 (Electronic)1.5%분석가 예측 (6158) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 6158 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 6158 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 6158 TW 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: 6158 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 15:38종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스P-Two Industries 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.분석가기관null nullDeutsche Bank
Declared Dividend • Jul 11Dividend increased to NT$1.01Dividend of NT$1.01 is 1.4% higher than last year. Ex-date: 24th July 2025 Payment date: 22nd August 2025 Dividend yield will be 4.3%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. Earnings per share has grown by 140% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Jul 25Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.7%).
Upcoming Dividend • Jul 27Upcoming dividend of NT$1.10 per share at 3.2% yieldEligible shareholders must have bought the stock before 03 August 2023. Payment date: 24 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).
Upcoming Dividend • Jul 28Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 04 August 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.6%).
Upcoming Dividend • Sep 02Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 09 September 2021. Payment date: 30 September 2021. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%).
Reported Earnings • May 01First quarter 2026 earnings released: NT$1.00 loss per share (vs NT$0.009 profit in 1Q 2025)First quarter 2026 results: NT$1.00 loss per share (down from NT$0.009 profit in 1Q 2025). Revenue: NT$407.8m (down 5.9% from 1Q 2025). Net loss: NT$59.9m (down NT$60.4m from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
New Risk • Apr 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (NT$991.6m market cap, or US$31.0m).
Buy Or Sell Opportunity • Mar 20Now 20% overvaluedOver the last 90 days, the stock has fallen 17% to NT$18.30. The fair value is estimated to be NT$15.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.4%.
Reported Earnings • Mar 14Full year 2025 earnings released: EPS: NT$0.11 (vs NT$1.26 in FY 2024)Full year 2025 results: EPS: NT$0.11 (down from NT$1.26 in FY 2024). Revenue: NT$1.80b (down 6.1% from FY 2024). Net income: NT$5.92m (down 91% from FY 2024). Profit margin: 0.3% (down from 3.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year.
공시 • Mar 11P-Two Industries Inc., Annual General Meeting, May 27, 2026P-Two Industries Inc., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,9, hsing hua rd., taoyuan district, taoyuan city Taiwan
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$0.03 (vs NT$0.64 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.03 (down from NT$0.64 in 3Q 2024). Revenue: NT$487.9m (down 9.4% from 3Q 2024). Net income: NT$1.40m (down 96% from 3Q 2024). Profit margin: 0.3% (down from 6.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year.
New Risk • Nov 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 171% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 171% Paying a dividend despite having no free cash flows. Earnings have declined by 26% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (NT$1.22b market cap, or US$39.2m).
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$0.58 (vs NT$0.72 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.58 (down from NT$0.72 in 2Q 2024). Revenue: NT$470.4m (down 7.5% from 2Q 2024). Net income: NT$31.8m (down 19% from 2Q 2024). Profit margin: 6.8% (down from 7.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.
Declared Dividend • Jul 11Dividend increased to NT$1.01Dividend of NT$1.01 is 1.4% higher than last year. Ex-date: 24th July 2025 Payment date: 22nd August 2025 Dividend yield will be 4.3%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. Earnings per share has grown by 140% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 19First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.072 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.01 (up from NT$0.072 loss in 1Q 2024). Revenue: NT$433.4m (flat on 1Q 2024). Net income: NT$488.0k (up NT$4.38m from 1Q 2024). Profit margin: 0.1% (up from net loss in 1Q 2024). 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 9% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$21.75, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total loss to shareholders of 32% over the past three years.
Buy Or Sell Opportunity • Apr 07Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to NT$24.15. The fair value is estimated to be NT$31.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 35%.
Reported Earnings • Mar 21Full year 2024 earnings released: EPS: NT$1.26 (vs NT$1.43 in FY 2023)Full year 2024 results: EPS: NT$1.26 (down from NT$1.43 in FY 2023). Revenue: NT$1.92b (up 9.3% from FY 2023). Net income: NT$68.5m (down 11% from FY 2023). Profit margin: 3.6% (down from 4.4% 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 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
공시 • Jan 24P-Two Industries Inc., Annual General Meeting, Jun 03, 2025P-Two Industries Inc., Annual General Meeting, Jun 03, 2025, at 09:00 Taipei Standard Time. Location: no,9, hsing hua rd., taoyuan district, taoyuan city Taiwan
Buy Or Sell Opportunity • Jan 16Now 20% overvaluedOver the last 90 days, the stock has fallen 11% to NT$27.50. The fair value is estimated to be NT$22.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Earnings per share has declined by 43%.
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.64 (vs NT$0.64 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.64 (up from NT$0.64 in 3Q 2023). Revenue: NT$538.3m (up 5.8% from 3Q 2023). Net income: NT$34.7m (up 1.7% from 3Q 2023). Profit margin: 6.4% (down from 6.7% 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 43% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Oct 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to NT$35.00. The fair value is estimated to be NT$28.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 49%.
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$0.72 (vs NT$1.12 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.72 (down from NT$1.12 in 2Q 2023). Revenue: NT$508.6m (up 8.5% from 2Q 2023). Net income: NT$39.1m (down 35% from 2Q 2023). Profit margin: 7.7% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 25Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 01 August 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.7%).
Reported Earnings • May 13First quarter 2024 earnings released: NT$0.07 loss per share (vs NT$0.22 loss in 1Q 2023)First quarter 2024 results: NT$0.07 loss per share (improved from NT$0.22 loss in 1Q 2023). Revenue: NT$435.5m (up 12% from 1Q 2023). Net loss: NT$3.89m (loss narrowed 67% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 24Full year 2023 earnings released: EPS: NT$1.43 (vs NT$1.20 in FY 2022)Full year 2023 results: EPS: NT$1.43 (up from NT$1.20 in FY 2022). Revenue: NT$1.76b (down 10% from FY 2022). Net income: NT$76.7m (up 20% from FY 2022). Profit margin: 4.4% (up from 3.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
공시 • Mar 15P-Two Industries Inc., Annual General Meeting, Jun 06, 2024P-Two Industries Inc., Annual General Meeting, Jun 06, 2024.
New Risk • Dec 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% 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 Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 24% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (96% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.92b market cap, or US$61.0m).
Reported Earnings • Nov 03Third quarter 2023 earnings released: EPS: NT$0.64 (vs NT$0.035 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.64 (up from NT$0.035 in 3Q 2022). Revenue: NT$508.8m (up 9.9% from 3Q 2022). Net income: NT$34.1m (up NT$32.3m from 3Q 2022). Profit margin: 6.7% (up from 0.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
New Risk • Oct 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (203% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$2.08b market cap, or US$64.5m).
New Risk • Aug 10New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (203% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.92b market cap, or US$60.5m).
New Risk • Aug 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 60% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (203% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.82b market cap, or US$57.6m).
Upcoming Dividend • Jul 27Upcoming dividend of NT$1.10 per share at 3.2% yieldEligible shareholders must have bought the stock before 03 August 2023. Payment date: 24 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.1%).
New Risk • Jul 26New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 107% Dividend yield: 3.2% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (107% payout ratio). Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (NT$1.90b market cap, or US$60.7m).
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$31.55, the stock trades at a trailing P/E ratio of 69.6x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 23% over the past three years.
Reported Earnings • Mar 23Full year 2022 earnings released: EPS: NT$1.20 (vs NT$3.09 in FY 2021)Full year 2022 results: EPS: NT$1.20 (down from NT$3.09 in FY 2021). Revenue: NT$1.96b (down 11% from FY 2021). Net income: NT$63.8m (down 61% from FY 2021). Profit margin: 3.3% (down from 7.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: NT$0.04 (vs NT$0.75 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.04 (down from NT$0.75 in 3Q 2021). Revenue: NT$463.1m (down 16% from 3Q 2021). Net income: NT$1.85m (down 95% from 3Q 2021). Profit margin: 0.4% (down from 7.2% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 28Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 04 August 2022. Payment date: 25 August 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.6%).
Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: NT$1.05 (vs NT$1.52 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.05 (down from NT$1.52 in 2Q 2021). Revenue: NT$542.8m (down 9.1% from 2Q 2021). Net income: NT$55.9m (down 30% from 2Q 2021). Profit margin: 10% (down from 13% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.51 (down from NT$0.63 in 1Q 2021). Revenue: NT$564.9m (up 3.8% from 1Q 2021). Net income: NT$27.2m (down 18% from 1Q 2021). Profit margin: 4.8% (down from 6.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 28Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$3.09 (up from NT$2.61 in FY 2020). Revenue: NT$2.20b (up 8.0% from FY 2020). Net income: NT$162.0m (up 19% from FY 2020). Profit margin: 7.4% (up from 6.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$37.80, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total loss to shareholders of 21% over the past three years.
공시 • Jan 28P-Two Industries Inc., Annual General Meeting, Jun 10, 2022P-Two Industries Inc., Annual General Meeting, Jun 10, 2022.
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$42.60, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 43% over the past three years.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.75 (vs NT$1.22 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$548.9m (down 11% from 3Q 2020). Net income: NT$39.3m (down 38% from 3Q 2020). Profit margin: 7.2% (down from 10% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 02Upcoming dividend of NT$0.50 per shareEligible shareholders must have bought the stock before 09 September 2021. Payment date: 30 September 2021. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%).
Reported Earnings • Aug 02Second quarter 2021 earnings released: EPS NT$1.52 (vs NT$1.27 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$596.9m (up 15% from 2Q 2020). Net income: NT$79.6m (up 21% from 2Q 2020). Profit margin: 13% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$25.20, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total loss to shareholders of 8.7% over the past three years.
Reported Earnings • Apr 25First quarter 2021 earnings released: EPS NT$0.63 (vs NT$0.40 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$544.4m (up 59% from 1Q 2020). Net income: NT$33.1m (up NT$53.9m from 1Q 2020). Profit margin: 6.1% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
분석 기사 • Apr 19Is P-Two Industries Inc. (GTSM:6158) A Great Dividend Stock?Today we'll take a closer look at P-Two Industries Inc. ( GTSM:6158 ) from a dividend investor's perspective. Owning a...
분석 기사 • Mar 31Here's Why P-Two Industries (GTSM:6158) Has A Meaningful Debt BurdenWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Reported Earnings • Mar 20Full year 2020 earnings released: EPS NT$2.58 (vs NT$0.65 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.03b (up 30% from FY 2019). Net income: NT$136.0m (up 301% from FY 2019). Profit margin: 6.7% (up from 2.2% in FY 2019). The increase in margin 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 only fallen by 2% per year, which means it has not declined as severely as earnings.
공시 • Mar 18P-Two Industries Inc., Annual General Meeting, Jun 04, 2021P-Two Industries Inc., Annual General Meeting, Jun 04, 2021.
분석 기사 • Mar 10Here’s What’s Happening With Returns At P-Two Industries (GTSM:6158)There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
분석 기사 • Feb 16P-Two Industries (GTSM:6158) Has Compensated Shareholders With A 20% Return On Their InvestmentThe main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with...
분석 기사 • Jan 26P-Two Industries Inc. (GTSM:6158) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?With its stock down 9.2% over the past month, it is easy to disregard P-Two Industries (GTSM:6158). However, the...
분석 기사 • Jan 05Lacklustre Performance Is Driving P-Two Industries Inc.'s (GTSM:6158) Low P/EP-Two Industries Inc.'s ( GTSM:6158 ) price-to-earnings (or "P/E") ratio of 17x might make it look like a buy right now...
분석 기사 • Dec 15Does P-Two Industries (GTSM:6158) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Is New 90 Day High Low • Dec 09New 90-day high: NT$34.00The company is up 5.0% from its price of NT$32.25 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.
분석 기사 • Nov 24We Like These Underlying Trends At P-Two Industries (GTSM:6158)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of NT$105.5m, up 49% from the prior year. Total revenue was NT$1.85b over the last 12 months, up 14% from the prior year.