View Future GrowthShuttle 과거 순이익 실적과거 기준 점검 0/6Shuttle 의 수입은 연평균 -54.4%의 비율로 감소해 온 반면, Tech 산업은 연평균 4.2%의 비율로 증가했습니다. 매출은 연평균 1.3%의 비율로 감소해 왔습니다.핵심 정보-54.42%순이익 성장률-54.50%주당순이익(EPS) 성장률Tech 산업 성장률14.00%매출 성장률-1.25%자기자본이익률-2.24%순이익률-3.95%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Mar 27Full year 2025 earnings released: NT$0.20 loss per share (vs NT$0.031 profit in FY 2024)Full year 2025 results: NT$0.20 loss per share (down from NT$0.031 profit in FY 2024). Revenue: NT$1.74b (up 4.5% from FY 2024). Net loss: NT$68.9m (down NT$79.7m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$0.024 (vs NT$0.02 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.024 (up from NT$0.02 loss in 3Q 2024). Revenue: NT$446.2m (up 12% from 3Q 2024). Net income: NT$8.34m (up NT$15.3m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.004 profit in 2Q 2024)Second quarter 2025 results: NT$0.16 loss per share (down from NT$0.004 profit in 2Q 2024). Revenue: NT$407.0m (down 4.4% from 2Q 2024). Net loss: NT$55.5m (down NT$57.0m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.066 in 1Q 2024)First quarter 2025 results: EPS: NT$0.01 (down from NT$0.066 in 1Q 2024). Revenue: NT$432.1m (down 2.4% from 1Q 2024). Net income: NT$4.51m (down 80% from 1Q 2024). Profit margin: 1.0% (down from 5.1% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance.공지 • May 06Shuttle Inc. to Report Q1, 2025 Results on May 13, 2025Shuttle Inc. announced that they will report Q1, 2025 results on May 13, 2025Reported Earnings • Mar 28Full year 2024 earnings released: EPS: NT$0.03 (vs NT$0.036 in FY 2023)Full year 2024 results: EPS: NT$0.03 (down from NT$0.036 in FY 2023). Revenue: NT$1.67b (down 2.5% from FY 2023). Net income: NT$10.8m (down 13% from FY 2023). Profit margin: 0.6% (down from 0.7% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.모든 업데이트 보기Recent updatesReported Earnings • Mar 27Full year 2025 earnings released: NT$0.20 loss per share (vs NT$0.031 profit in FY 2024)Full year 2025 results: NT$0.20 loss per share (down from NT$0.031 profit in FY 2024). Revenue: NT$1.74b (up 4.5% from FY 2024). Net loss: NT$68.9m (down NT$79.7m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance.공지 • Mar 11Shuttle Inc., Annual General Meeting, Jun 05, 2026Shuttle Inc., Annual General Meeting, Jun 05, 2026. Location: no,30 ln.76, jui kuang rd., neihu district, taipei city TaiwanReported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$0.024 (vs NT$0.02 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.024 (up from NT$0.02 loss in 3Q 2024). Revenue: NT$446.2m (up 12% from 3Q 2024). Net income: NT$8.34m (up NT$15.3m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.004 profit in 2Q 2024)Second quarter 2025 results: NT$0.16 loss per share (down from NT$0.004 profit in 2Q 2024). Revenue: NT$407.0m (down 4.4% from 2Q 2024). Net loss: NT$55.5m (down NT$57.0m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jun 26Upcoming dividend of NT$0.17 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 23 July 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.7%).Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.066 in 1Q 2024)First quarter 2025 results: EPS: NT$0.01 (down from NT$0.066 in 1Q 2024). Revenue: NT$432.1m (down 2.4% from 1Q 2024). Net income: NT$4.51m (down 80% from 1Q 2024). Profit margin: 1.0% (down from 5.1% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance.공지 • May 06Shuttle Inc. to Report Q1, 2025 Results on May 13, 2025Shuttle Inc. announced that they will report Q1, 2025 results on May 13, 2025Reported Earnings • Mar 28Full year 2024 earnings released: EPS: NT$0.03 (vs NT$0.036 in FY 2023)Full year 2024 results: EPS: NT$0.03 (down from NT$0.036 in FY 2023). Revenue: NT$1.67b (down 2.5% from FY 2023). Net income: NT$10.8m (down 13% from FY 2023). Profit margin: 0.6% (down from 0.7% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.공지 • Mar 07Shuttle Inc., Annual General Meeting, May 29, 2025Shuttle Inc., Annual General Meeting, May 29, 2025. Location: no,30 ln.76, jui kuang rd., neihu district, taipei city Taiwan공지 • Feb 27Shuttle Inc. to Report Q4, 2024 Results on Mar 06, 2025Shuttle Inc. announced that they will report Q4, 2024 results on Mar 06, 2025New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.New Risk • Nov 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 09Third quarter 2024 earnings released: NT$0.02 loss per share (vs NT$0.029 profit in 3Q 2023)Third quarter 2024 results: NT$0.02 loss per share (down from NT$0.029 profit in 3Q 2023). Revenue: NT$399.3m (down 12% from 3Q 2023). Net loss: NT$7.00m (down 170% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.공지 • Oct 29Shuttle Inc. to Report Q3, 2024 Results on Nov 05, 2024Shuttle Inc. announced that they will report Q3, 2024 results on Nov 05, 2024분석 기사 • Oct 25Risks To Shareholder Returns Are Elevated At These Prices For Shuttle Inc. (TWSE:2405)Shuttle Inc.'s ( TWSE:2405 ) price-to-sales (or "P/S") ratio of 4.2x may look like a poor investment opportunity when...Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: NT$0.004 (vs NT$0.036 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.004 (down from NT$0.036 in 2Q 2023). Revenue: NT$425.9m (up 7.3% from 2Q 2023). Net income: NT$1.44m (down 88% from 2Q 2023). Profit margin: 0.3% (down from 3.1% 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 59% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.공지 • Aug 06Shuttle Inc. to Report Q2, 2024 Results on Aug 13, 2024Shuttle Inc. announced that they will report Q2, 2024 results on Aug 13, 2024분석 기사 • Jul 14Shuttle Inc. (TWSE:2405) Stock Rockets 32% As Investors Are Less Pessimistic Than ExpectedShuttle Inc. ( TWSE:2405 ) shareholders have had their patience rewarded with a 32% share price jump in the last month...Declared Dividend • Jul 06Dividend of NT$0.17 announcedShareholders will receive a dividend of NT$0.17. Ex-date: 22nd July 2024 Payment date: 9th August 2024 Dividend yield will be 0.7%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 140%. Cash payout ratio: 35%.분석 기사 • Jul 03Is Shuttle (TWSE:2405) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Jun 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 86% 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: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.분석 기사 • May 29Shuttle Inc.'s (TWSE:2405) 29% Price Boost Is Out Of Tune With RevenuesShuttle Inc. ( TWSE:2405 ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...분석 기사 • May 21We Think You Can Look Beyond Shuttle's (TWSE:2405) Lackluster EarningsShareholders appeared unconcerned with Shuttle Inc.'s ( TWSE:2405 ) lackluster earnings report last week. We did some...Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.019 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.07 (up from NT$0.019 loss in 1Q 2023). Revenue: NT$442.7m (up 4.6% from 1Q 2023). Net income: NT$22.7m (up NT$29.3m from 1Q 2023). Profit margin: 5.1% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.공지 • May 02Shuttle Inc. to Report Q1, 2024 Results on May 07, 2024Shuttle Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 07, 2024Reported Earnings • Mar 26Full year 2023 earnings released: EPS: NT$0.04 (vs NT$0.16 in FY 2022)Full year 2023 results: EPS: NT$0.04 (down from NT$0.16 in FY 2022). Revenue: NT$1.71b (down 1.4% from FY 2022). Net income: NT$12.4m (down 78% from FY 2022). Profit margin: 0.7% (down from 3.2% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.분석 기사 • Mar 21Risks To Shareholder Returns Are Elevated At These Prices For Shuttle Inc. (TWSE:2405)When you see that almost half of the companies in the Tech industry in Taiwan have price-to-sales ratios (or "P/S...공지 • Mar 14Shuttle Inc., Annual General Meeting, Jun 07, 2024Shuttle Inc., Annual General Meeting, Jun 07, 2024. Location: No.30, Rui-Guang Rd., Ln.76., Nei-Hu Dist., Taipei City Taipei Taiwan Agenda: To consider 2023 Business Report; to Audit Committee’s Review Report on the 2023 Financial Statements; to 2023 Report on Compensation to Employees of the Company; to Adoption of the 2023 Financial Statements; to Adoption of the Proposal for Distribution of 2023 Profits ; and to consider other matters if any.공지 • Dec 14Shuttle Inc. Announces the Appointment of Cheng,Ying and Li,Chin-Ju as Independent DirectorsShuttle Inc. announced the appointment of Cheng,Ying and Li,Chin-Ju as Independent directors of the Company. Effective date of the new member is December 12, 2023.공지 • Nov 21+ 1 more updateShuttle Inc. Announces Resignation of Members of Remuneration CommitteeShuttle Inc. announced the resignation of HUANG, GUO-SHIH and LONG,YU-MEI as Member of Remuneration Committee. HUANG,GUO-SHIH is Independent director of the Company. LONG,YU-MEI is Visionlaw office Presiding lawyer.Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$0.03 (vs NT$0.11 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.03 (down from NT$0.11 in 3Q 2022). Revenue: NT$455.0m (up 10% from 3Q 2022). Net income: NT$10.1m (down 74% from 3Q 2022). Profit margin: 2.2% (down from 9.3% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.04 (vs NT$0.11 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.04 (down from NT$0.11 in 2Q 2022). Revenue: NT$397.0m (down 20% from 2Q 2022). Net income: NT$12.4m (down 67% from 2Q 2022). Profit margin: 3.1% (down from 7.6% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year.New Risk • Jul 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% 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 Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin).Upcoming Dividend • Jul 18Upcoming dividend of NT$0.20 per share at 1.4% yieldEligible shareholders must have bought the stock before 25 July 2023. Payment date: 21 August 2023. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.3%).공지 • Jul 09Shuttle Inc. Announces Cash Dividends Payable on August 21, 2023Shuttle Inc. announced Cash dividends TWD 68,685,461 (TWD 0.2 per share) of common stock. Ex-rights (ex-dividend) trading date: July 25, 2023. Ex-rights (ex-dividend) record date: July 31, 2023. Payment date of cash dividend distribution: August 21, 2023.공지 • Jun 23+ 1 more updateShuttle Inc. Announces Appointment of Cheng,Ying as Member of Second Audit CommitteeShuttle Inc. announced appointment of Cheng,Ying as member of Second Audit Committee. Resume of the new position holder: CHENG YING LAW FIRM Lawyer. Effective date is 21 June 2023. Reason for the change: Additional by-election of an independent director.Reported Earnings • Mar 26Full year 2022 earnings released: EPS: NT$0.16 (vs NT$0.57 in FY 2021)Full year 2022 results: EPS: NT$0.16 (down from NT$0.57 in FY 2021). Revenue: NT$1.73b (down 5.8% from FY 2021). Net income: NT$55.1m (down 72% from FY 2021). Profit margin: 3.2% (down from 11% in FY 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Yu-Sheng Wang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.007 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.11 (up from NT$0.007 in 2Q 2021). Revenue: NT$496.5m (up 13% from 2Q 2021). Net income: NT$37.8m (up NT$35.3m from 2Q 2021). Profit margin: 7.6% (up from 0.6% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$14.15, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 33% over the past three years.Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.005 in 1Q 2021)First quarter 2022 results: EPS: NT$0.01 (up from NT$0.005 in 1Q 2021). Revenue: NT$422.0m (up 7.1% from 1Q 2021). Net income: NT$4.41m (up 151% from 1Q 2021). Profit margin: 1.0% (up from 0.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Kuo-Shih Huang was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$0.58 (vs NT$0.17 in FY 2020)Full year 2021 results: EPS: NT$0.58 (up from NT$0.17 in FY 2020). Revenue: NT$1.84b (up 5.6% from FY 2020). Net income: NT$195.5m (up 237% from FY 2020). Profit margin: 11% (up from 3.3% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 32%. The fair value is estimated to be NT$17.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 36% per annum over the last 3 years. The company has become profitable over the last year.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$15.40, the stock trades at a trailing P/E ratio of 52.3x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 12% over the past three years.Buying Opportunity • Feb 22Now 20% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be NT$17.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 36% per annum over the last 3 years. The company has become profitable over the last year.Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 36% share price gain to NT$19.10, the stock trades at a trailing P/E ratio of 64.9x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 67% over the past three years.Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.016 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$487.3m (up 26% from 3Q 2020). Net income: NT$16.1m (up 194% from 3Q 2020). Profit margin: 3.3% (up from 1.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.01 (vs NT$0.048 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$438.6m (up 9.6% from 2Q 2020). Net income: NT$2.46m (down 85% from 2Q 2020). Profit margin: 0.6% (down from 4.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to NT$10.80, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total loss to shareholders of 33% over the past three years.Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$0.01 (vs NT$0.13 loss 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$394.2m (down 19% from 1Q 2020). Net income: NT$1.76m (up NT$45.0m from 1Q 2020). Profit margin: 0.4% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.분석 기사 • Mar 23Why Shuttle's (TPE:2405) Earnings Are Better Than They SeemShareholders appeared to be happy with Shuttle Inc.'s ( TPE:2405 ) solid earnings report last week. According to our...분석 기사 • Mar 18Shuttle Inc.'s (TPE:2405) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?Shuttle's (TPE:2405) stock is up by a considerable 8.4% over the past month. We wonder if and what role the company's...Reported Earnings • Mar 18Full year 2020 earnings released: EPS NT$0.17 (vs NT$0.012 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$1.74b (down 45% from FY 2019). Net income: NT$58.1m (up NT$54.1m from FY 2019). Profit margin: 3.3% (up from 0.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.분석 기사 • Jan 25Will the Promising Trends At Shuttle (TPE:2405) Continue?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Is New 90 Day High Low • Dec 25New 90-day high: NT$12.35The company is up 38% from its price of NT$8.95 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 8.0% over the same period.분석 기사 • Dec 04Reflecting on Shuttle's (TPE:2405) Share Price Returns Over The Last Three YearsShuttle Inc. ( TPE:2405 ) shareholders should be happy to see the share price up 11% in the last month. But that...Is New 90 Day High Low • Nov 27New 90-day high: NT$9.64The company is up 5.0% from its price of NT$9.21 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is down 1.0% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.02The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$387.7m (down 55% from 3Q 2019). Net income: NT$5.49m (down 85% from 3Q 2019). Profit margin: 1.4% (down from 4.4% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 08New 90-day low: NT$8.94The company is down 9.0% from its price of NT$9.80 on 10 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 2.0% over the same period.매출 및 비용 세부 내역Shuttle가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TWSE:2405 매출, 비용 및 순이익 (TWD Millions)날짜매출순이익일반관리비연구개발비31 Dec 251,742-6955617630 Sep 251,684-5856917530 Jun 251,637-6456217131 Mar 251,656-757116731 Dec 241,6671156816630 Sep 241,7031456917030 Jun 241,7583158517031 Mar 241,7294256416831 Dec 231,7101255016730 Sep 231,678-1054216730 Jun 231,6371952216831 Mar 231,7364453016931 Dec 221,7355552316930 Sep 221,85425657418030 Jun 221,92823455818131 Mar 221,87019854018431 Dec 211,84219652718930 Sep 211,79210040717830 Jun 211,6928938618231 Mar 211,65410336918231 Dec 201,7445840419130 Sep 201,979-846820330 Jun 202,4442348921031 Mar 202,871-1550122531 Dec 193,175448423030 Sep 193,256-9755925030 Jun 193,419-15455325031 Mar 193,850-16556824431 Dec 184,205-13655823130 Sep 184,559-14350525630 Jun 184,797-14652326031 Mar 184,937-6552026531 Dec 174,761-15053828530 Sep 174,439-12948324130 Jun 174,611-6549225031 Mar 174,269-12351326831 Dec 164,189-9953927330 Sep 164,524-3959429030 Jun 164,574-11560830531 Mar 164,744-18460231431 Dec 155,027-21361931930 Sep 155,145-21160831530 Jun 155,163-264672315양질의 수익: 2405 은(는) 현재 수익성이 없습니다.이익 마진 증가: 2405는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 2405은 수익성이 없으며 지난 5년 동안 손실이 연평균 54.4% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 2405의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 2405은 수익성이 없어 지난 해 수익 성장률을 Tech 업계(-3.1%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 2405는 현재 수익성이 없으므로 자본 수익률이 음수(-2.24%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 13:29종가2026/05/07 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Shuttle Inc.는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Shangzhi WangCapital Securities CorporationJimmy ChenMasterlink Securities Corp.
Reported Earnings • Mar 27Full year 2025 earnings released: NT$0.20 loss per share (vs NT$0.031 profit in FY 2024)Full year 2025 results: NT$0.20 loss per share (down from NT$0.031 profit in FY 2024). Revenue: NT$1.74b (up 4.5% from FY 2024). Net loss: NT$68.9m (down NT$79.7m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$0.024 (vs NT$0.02 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.024 (up from NT$0.02 loss in 3Q 2024). Revenue: NT$446.2m (up 12% from 3Q 2024). Net income: NT$8.34m (up NT$15.3m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.004 profit in 2Q 2024)Second quarter 2025 results: NT$0.16 loss per share (down from NT$0.004 profit in 2Q 2024). Revenue: NT$407.0m (down 4.4% from 2Q 2024). Net loss: NT$55.5m (down NT$57.0m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.066 in 1Q 2024)First quarter 2025 results: EPS: NT$0.01 (down from NT$0.066 in 1Q 2024). Revenue: NT$432.1m (down 2.4% from 1Q 2024). Net income: NT$4.51m (down 80% from 1Q 2024). Profit margin: 1.0% (down from 5.1% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance.
공지 • May 06Shuttle Inc. to Report Q1, 2025 Results on May 13, 2025Shuttle Inc. announced that they will report Q1, 2025 results on May 13, 2025
Reported Earnings • Mar 28Full year 2024 earnings released: EPS: NT$0.03 (vs NT$0.036 in FY 2023)Full year 2024 results: EPS: NT$0.03 (down from NT$0.036 in FY 2023). Revenue: NT$1.67b (down 2.5% from FY 2023). Net income: NT$10.8m (down 13% from FY 2023). Profit margin: 0.6% (down from 0.7% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 27Full year 2025 earnings released: NT$0.20 loss per share (vs NT$0.031 profit in FY 2024)Full year 2025 results: NT$0.20 loss per share (down from NT$0.031 profit in FY 2024). Revenue: NT$1.74b (up 4.5% from FY 2024). Net loss: NT$68.9m (down NT$79.7m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance.
공지 • Mar 11Shuttle Inc., Annual General Meeting, Jun 05, 2026Shuttle Inc., Annual General Meeting, Jun 05, 2026. Location: no,30 ln.76, jui kuang rd., neihu district, taipei city Taiwan
Reported Earnings • Nov 11Third quarter 2025 earnings released: EPS: NT$0.024 (vs NT$0.02 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.024 (up from NT$0.02 loss in 3Q 2024). Revenue: NT$446.2m (up 12% from 3Q 2024). Net income: NT$8.34m (up NT$15.3m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 09Second quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.004 profit in 2Q 2024)Second quarter 2025 results: NT$0.16 loss per share (down from NT$0.004 profit in 2Q 2024). Revenue: NT$407.0m (down 4.4% from 2Q 2024). Net loss: NT$55.5m (down NT$57.0m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jun 26Upcoming dividend of NT$0.17 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 23 July 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.7%).
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.066 in 1Q 2024)First quarter 2025 results: EPS: NT$0.01 (down from NT$0.066 in 1Q 2024). Revenue: NT$432.1m (down 2.4% from 1Q 2024). Net income: NT$4.51m (down 80% from 1Q 2024). Profit margin: 1.0% (down from 5.1% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance.
공지 • May 06Shuttle Inc. to Report Q1, 2025 Results on May 13, 2025Shuttle Inc. announced that they will report Q1, 2025 results on May 13, 2025
Reported Earnings • Mar 28Full year 2024 earnings released: EPS: NT$0.03 (vs NT$0.036 in FY 2023)Full year 2024 results: EPS: NT$0.03 (down from NT$0.036 in FY 2023). Revenue: NT$1.67b (down 2.5% from FY 2023). Net income: NT$10.8m (down 13% from FY 2023). Profit margin: 0.6% (down from 0.7% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.
공지 • Mar 07Shuttle Inc., Annual General Meeting, May 29, 2025Shuttle Inc., Annual General Meeting, May 29, 2025. Location: no,30 ln.76, jui kuang rd., neihu district, taipei city Taiwan
공지 • Feb 27Shuttle Inc. to Report Q4, 2024 Results on Mar 06, 2025Shuttle Inc. announced that they will report Q4, 2024 results on Mar 06, 2025
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.
New Risk • Nov 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 09Third quarter 2024 earnings released: NT$0.02 loss per share (vs NT$0.029 profit in 3Q 2023)Third quarter 2024 results: NT$0.02 loss per share (down from NT$0.029 profit in 3Q 2023). Revenue: NT$399.3m (down 12% from 3Q 2023). Net loss: NT$7.00m (down 170% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
공지 • Oct 29Shuttle Inc. to Report Q3, 2024 Results on Nov 05, 2024Shuttle Inc. announced that they will report Q3, 2024 results on Nov 05, 2024
분석 기사 • Oct 25Risks To Shareholder Returns Are Elevated At These Prices For Shuttle Inc. (TWSE:2405)Shuttle Inc.'s ( TWSE:2405 ) price-to-sales (or "P/S") ratio of 4.2x may look like a poor investment opportunity when...
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: NT$0.004 (vs NT$0.036 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.004 (down from NT$0.036 in 2Q 2023). Revenue: NT$425.9m (up 7.3% from 2Q 2023). Net income: NT$1.44m (down 88% from 2Q 2023). Profit margin: 0.3% (down from 3.1% 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 59% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
공지 • Aug 06Shuttle Inc. to Report Q2, 2024 Results on Aug 13, 2024Shuttle Inc. announced that they will report Q2, 2024 results on Aug 13, 2024
분석 기사 • Jul 14Shuttle Inc. (TWSE:2405) Stock Rockets 32% As Investors Are Less Pessimistic Than ExpectedShuttle Inc. ( TWSE:2405 ) shareholders have had their patience rewarded with a 32% share price jump in the last month...
Declared Dividend • Jul 06Dividend of NT$0.17 announcedShareholders will receive a dividend of NT$0.17. Ex-date: 22nd July 2024 Payment date: 9th August 2024 Dividend yield will be 0.7%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 140%. Cash payout ratio: 35%.
분석 기사 • Jul 03Is Shuttle (TWSE:2405) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Jun 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 86% 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: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.
분석 기사 • May 29Shuttle Inc.'s (TWSE:2405) 29% Price Boost Is Out Of Tune With RevenuesShuttle Inc. ( TWSE:2405 ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...
분석 기사 • May 21We Think You Can Look Beyond Shuttle's (TWSE:2405) Lackluster EarningsShareholders appeared unconcerned with Shuttle Inc.'s ( TWSE:2405 ) lackluster earnings report last week. We did some...
Reported Earnings • May 12First quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.019 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.07 (up from NT$0.019 loss in 1Q 2023). Revenue: NT$442.7m (up 4.6% from 1Q 2023). Net income: NT$22.7m (up NT$29.3m from 1Q 2023). Profit margin: 5.1% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
공지 • May 02Shuttle Inc. to Report Q1, 2024 Results on May 07, 2024Shuttle Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 07, 2024
Reported Earnings • Mar 26Full year 2023 earnings released: EPS: NT$0.04 (vs NT$0.16 in FY 2022)Full year 2023 results: EPS: NT$0.04 (down from NT$0.16 in FY 2022). Revenue: NT$1.71b (down 1.4% from FY 2022). Net income: NT$12.4m (down 78% from FY 2022). Profit margin: 0.7% (down from 3.2% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
분석 기사 • Mar 21Risks To Shareholder Returns Are Elevated At These Prices For Shuttle Inc. (TWSE:2405)When you see that almost half of the companies in the Tech industry in Taiwan have price-to-sales ratios (or "P/S...
공지 • Mar 14Shuttle Inc., Annual General Meeting, Jun 07, 2024Shuttle Inc., Annual General Meeting, Jun 07, 2024. Location: No.30, Rui-Guang Rd., Ln.76., Nei-Hu Dist., Taipei City Taipei Taiwan Agenda: To consider 2023 Business Report; to Audit Committee’s Review Report on the 2023 Financial Statements; to 2023 Report on Compensation to Employees of the Company; to Adoption of the 2023 Financial Statements; to Adoption of the Proposal for Distribution of 2023 Profits ; and to consider other matters if any.
공지 • Dec 14Shuttle Inc. Announces the Appointment of Cheng,Ying and Li,Chin-Ju as Independent DirectorsShuttle Inc. announced the appointment of Cheng,Ying and Li,Chin-Ju as Independent directors of the Company. Effective date of the new member is December 12, 2023.
공지 • Nov 21+ 1 more updateShuttle Inc. Announces Resignation of Members of Remuneration CommitteeShuttle Inc. announced the resignation of HUANG, GUO-SHIH and LONG,YU-MEI as Member of Remuneration Committee. HUANG,GUO-SHIH is Independent director of the Company. LONG,YU-MEI is Visionlaw office Presiding lawyer.
Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$0.03 (vs NT$0.11 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.03 (down from NT$0.11 in 3Q 2022). Revenue: NT$455.0m (up 10% from 3Q 2022). Net income: NT$10.1m (down 74% from 3Q 2022). Profit margin: 2.2% (down from 9.3% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.04 (vs NT$0.11 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.04 (down from NT$0.11 in 2Q 2022). Revenue: NT$397.0m (down 20% from 2Q 2022). Net income: NT$12.4m (down 67% from 2Q 2022). Profit margin: 3.1% (down from 7.6% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year.
New Risk • Jul 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% 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 Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin).
Upcoming Dividend • Jul 18Upcoming dividend of NT$0.20 per share at 1.4% yieldEligible shareholders must have bought the stock before 25 July 2023. Payment date: 21 August 2023. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.3%).
공지 • Jul 09Shuttle Inc. Announces Cash Dividends Payable on August 21, 2023Shuttle Inc. announced Cash dividends TWD 68,685,461 (TWD 0.2 per share) of common stock. Ex-rights (ex-dividend) trading date: July 25, 2023. Ex-rights (ex-dividend) record date: July 31, 2023. Payment date of cash dividend distribution: August 21, 2023.
공지 • Jun 23+ 1 more updateShuttle Inc. Announces Appointment of Cheng,Ying as Member of Second Audit CommitteeShuttle Inc. announced appointment of Cheng,Ying as member of Second Audit Committee. Resume of the new position holder: CHENG YING LAW FIRM Lawyer. Effective date is 21 June 2023. Reason for the change: Additional by-election of an independent director.
Reported Earnings • Mar 26Full year 2022 earnings released: EPS: NT$0.16 (vs NT$0.57 in FY 2021)Full year 2022 results: EPS: NT$0.16 (down from NT$0.57 in FY 2021). Revenue: NT$1.73b (down 5.8% from FY 2021). Net income: NT$55.1m (down 72% from FY 2021). Profit margin: 3.2% (down from 11% in FY 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Yu-Sheng Wang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$0.11 (vs NT$0.007 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.11 (up from NT$0.007 in 2Q 2021). Revenue: NT$496.5m (up 13% from 2Q 2021). Net income: NT$37.8m (up NT$35.3m from 2Q 2021). Profit margin: 7.6% (up from 0.6% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$14.15, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 33% over the past three years.
Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.005 in 1Q 2021)First quarter 2022 results: EPS: NT$0.01 (up from NT$0.005 in 1Q 2021). Revenue: NT$422.0m (up 7.1% from 1Q 2021). Net income: NT$4.41m (up 151% from 1Q 2021). Profit margin: 1.0% (up from 0.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Kuo-Shih Huang was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: NT$0.58 (vs NT$0.17 in FY 2020)Full year 2021 results: EPS: NT$0.58 (up from NT$0.17 in FY 2020). Revenue: NT$1.84b (up 5.6% from FY 2020). Net income: NT$195.5m (up 237% from FY 2020). Profit margin: 11% (up from 3.3% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 32%. The fair value is estimated to be NT$17.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 36% per annum over the last 3 years. The company has become profitable over the last year.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improved over the past weekAfter last week's 15% share price gain to NT$15.40, the stock trades at a trailing P/E ratio of 52.3x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 12% over the past three years.
Buying Opportunity • Feb 22Now 20% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be NT$17.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 36% per annum over the last 3 years. The company has become profitable over the last year.
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 36% share price gain to NT$19.10, the stock trades at a trailing P/E ratio of 64.9x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 67% over the past three years.
Reported Earnings • Nov 10Third quarter 2021 earnings released: EPS NT$0.05 (vs NT$0.016 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$487.3m (up 26% from 3Q 2020). Net income: NT$16.1m (up 194% from 3Q 2020). Profit margin: 3.3% (up from 1.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.01 (vs NT$0.048 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$438.6m (up 9.6% from 2Q 2020). Net income: NT$2.46m (down 85% from 2Q 2020). Profit margin: 0.6% (down from 4.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to NT$10.80, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total loss to shareholders of 33% over the past three years.
Reported Earnings • May 11First quarter 2021 earnings released: EPS NT$0.01 (vs NT$0.13 loss 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$394.2m (down 19% from 1Q 2020). Net income: NT$1.76m (up NT$45.0m from 1Q 2020). Profit margin: 0.4% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
분석 기사 • Mar 23Why Shuttle's (TPE:2405) Earnings Are Better Than They SeemShareholders appeared to be happy with Shuttle Inc.'s ( TPE:2405 ) solid earnings report last week. According to our...
분석 기사 • Mar 18Shuttle Inc.'s (TPE:2405) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?Shuttle's (TPE:2405) stock is up by a considerable 8.4% over the past month. We wonder if and what role the company's...
Reported Earnings • Mar 18Full year 2020 earnings released: EPS NT$0.17 (vs NT$0.012 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$1.74b (down 45% from FY 2019). Net income: NT$58.1m (up NT$54.1m from FY 2019). Profit margin: 3.3% (up from 0.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
분석 기사 • Jan 25Will the Promising Trends At Shuttle (TPE:2405) Continue?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Is New 90 Day High Low • Dec 25New 90-day high: NT$12.35The company is up 38% from its price of NT$8.95 on 25 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 8.0% over the same period.
분석 기사 • Dec 04Reflecting on Shuttle's (TPE:2405) Share Price Returns Over The Last Three YearsShuttle Inc. ( TPE:2405 ) shareholders should be happy to see the share price up 11% in the last month. But that...
Is New 90 Day High Low • Nov 27New 90-day high: NT$9.64The company is up 5.0% from its price of NT$9.21 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is down 1.0% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: EPS NT$0.02The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$387.7m (down 55% from 3Q 2019). Net income: NT$5.49m (down 85% from 3Q 2019). Profit margin: 1.4% (down from 4.4% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 08New 90-day low: NT$8.94The company is down 9.0% from its price of NT$9.80 on 10 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 2.0% over the same period.