View Future GrowthTest Research 과거 순이익 실적과거 기준 점검 5/6Test Research은 연평균 14.3%의 비율로 수입이 증가해 온 반면, Electronic 산업은 수입이 2.4% 증가했습니다. 매출은 연평균 8.1%의 비율로 증가했습니다. Test Research의 자기자본이익률은 26.1%이고 순이익률은 30.4%입니다.핵심 정보14.34%순이익 성장률14.45%주당순이익(EPS) 성장률Electronic 산업 성장률14.81%매출 성장률8.13%자기자본이익률26.07%순이익률30.41%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 08First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.45 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.45 in 1Q 2025). Revenue: NT$2.44b (up 26% from 1Q 2025). Net income: NT$826.5m (up 43% from 1Q 2025). Profit margin: 34% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$10.49 (vs NT$7.78 in FY 2024)Full year 2025 results: EPS: NT$10.49 (up from NT$7.78 in FY 2024). Revenue: NT$8.47b (up 33% from FY 2024). Net income: NT$2.48b (up 35% from FY 2024). Profit margin: 29% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$2.93 (vs NT$1.64 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.93 (up from NT$1.64 in 3Q 2024). Revenue: NT$2.07b (up 27% from 3Q 2024). Net income: NT$693.2m (up 79% from 3Q 2024). Profit margin: 34% (up from 24% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$2.21 (vs NT$1.97 in 2Q 2024)Second quarter 2025 results: EPS: NT$2.21 (up from NT$1.97 in 2Q 2024). Revenue: NT$2.38b (up 38% from 2Q 2024). Net income: NT$521.5m (up 12% from 2Q 2024). Profit margin: 22% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$2.45 (vs NT$1.93 in 1Q 2024)First quarter 2025 results: EPS: NT$2.45 (up from NT$1.93 in 1Q 2024). Revenue: NT$1.94b (up 28% from 1Q 2024). Net income: NT$577.8m (up 27% from 1Q 2024). Profit margin: 30% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.공지 • Apr 30Test Research, Inc. to Report Q1, 2025 Results on May 07, 2025Test Research, Inc. announced that they will report Q1, 2025 results on May 07, 2025모든 업데이트 보기Recent updatesReported Earnings • May 08First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.45 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.45 in 1Q 2025). Revenue: NT$2.44b (up 26% from 1Q 2025). Net income: NT$826.5m (up 43% from 1Q 2025). Profit margin: 34% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$377, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 578% over the past three years.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$303, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 424% over the past three years.New Risk • Mar 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.1% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$10.49 (vs NT$7.78 in FY 2024)Full year 2025 results: EPS: NT$10.49 (up from NT$7.78 in FY 2024). Revenue: NT$8.47b (up 33% from FY 2024). Net income: NT$2.48b (up 35% from FY 2024). Profit margin: 29% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.공지 • Feb 26Test Research, Inc., Annual General Meeting, May 27, 2026Test Research, Inc., Annual General Meeting, May 27, 2026. Location: 3 floor no,36-1, huang hsi st., shihlin district, taipei city TaiwanValuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$224, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 305% over the past three years.Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$193, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 241% over the past three years.Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$2.93 (vs NT$1.64 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.93 (up from NT$1.64 in 3Q 2024). Revenue: NT$2.07b (up 27% from 3Q 2024). Net income: NT$693.2m (up 79% from 3Q 2024). Profit margin: 34% (up from 24% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$156, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 189% over the past three years.Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$177, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 235% over the past three years.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$2.21 (vs NT$1.97 in 2Q 2024)Second quarter 2025 results: EPS: NT$2.21 (up from NT$1.97 in 2Q 2024). Revenue: NT$2.38b (up 38% from 2Q 2024). Net income: NT$521.5m (up 12% from 2Q 2024). Profit margin: 22% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$131, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 121% over the past three years.Declared Dividend • May 31Dividend increased to NT$5.00Dividend of NT$5.00 is 52% higher than last year. Ex-date: 13th June 2025 Payment date: 4th July 2025 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$2.45 (vs NT$1.93 in 1Q 2024)First quarter 2025 results: EPS: NT$2.45 (up from NT$1.93 in 1Q 2024). Revenue: NT$1.94b (up 28% from 1Q 2024). Net income: NT$577.8m (up 27% from 1Q 2024). Profit margin: 30% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.공지 • Apr 30Test Research, Inc. to Report Q1, 2025 Results on May 07, 2025Test Research, Inc. announced that they will report Q1, 2025 results on May 07, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$93.20, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 52% over the past three years.New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (153% cash payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change).공지 • Feb 27Test Research, Inc., Annual General Meeting, May 28, 2025Test Research, Inc., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,36-1, huang hsi st., shihlin district, taipei city Taiwan공지 • Feb 19Test Research, Inc. to Report Fiscal Year 2024 Results on Feb 26, 2025Test Research, Inc. announced that they will report fiscal year 2024 results on Feb 26, 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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change).Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: NT$1.64 (vs NT$1.04 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.64 (up from NT$1.04 in 3Q 2023). Revenue: NT$1.63b (up 58% from 3Q 2023). Net income: NT$388.3m (up 58% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.공지 • Oct 24Test Research, Inc. to Report Q3, 2024 Results on Nov 01, 2024Test Research, Inc. announced that they will report Q3, 2024 results on Nov 01, 2024분석 기사 • Oct 17Capital Investment Trends At Test Research (TWSE:3030) Look StrongIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$132, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 174% over the past three years.Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$1.97 (vs NT$0.87 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.97 (up from NT$0.87 in 2Q 2023). Revenue: NT$1.73b (up 85% from 2Q 2023). Net income: NT$466.1m (up 126% from 2Q 2023). Profit margin: 27% (up from 22% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$122, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 145% over the past three years.분석 기사 • Aug 05Test Research, Inc.'s (TWSE:3030) Popularity With Investors Under Threat As Stock Sinks 27%Test Research, Inc. ( TWSE:3030 ) shares have retraced a considerable 27% in the last month, reversing a fair amount of...공지 • Jul 30Test Research, Inc. to Report Q2, 2024 Results on Aug 07, 2024Test Research, Inc. announced that they will report Q2, 2024 results on Aug 07, 2024분석 기사 • Jul 11Test Research (TWSE:3030) May Have Issues Allocating Its CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...분석 기사 • Jun 01Test Research (TWSE:3030) Has Announced That Its Dividend Will Be Reduced To NT$3.30Test Research, Inc. ( TWSE:3030 ) is reducing its dividend from last year's comparable payment to NT$3.30 on the 5th of...Declared Dividend • May 31Dividend reduced to NT$3.30Dividend of NT$3.30 is 27% lower than last year. Ex-date: 14th June 2024 Payment date: 5th July 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 1.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.분석 기사 • May 31Optimistic Investors Push Test Research, Inc. (TWSE:3030) Shares Up 67% But Growth Is LackingDespite an already strong run, Test Research, Inc. ( TWSE:3030 ) shares have been powering on, with a gain of 67% in...공지 • May 30Test Research, Inc. Announces Cash Dividends, Payable on July 5, 2024Test Research, Inc. announced cash dividends of TWD 779,512,800 or TWD 3.3 per share. Ex-rights (ex-dividend) trading date: June 14, 2024. Payment date of common stock cash dividend distribution: July 5, 2024. Ex-rights (ex-dividend) record date is June 22, 2024.Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$147, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 211% over the past three years.Reported Earnings • May 13First quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.15 in 1Q 2023)First quarter 2024 results: EPS: NT$1.93 (up from NT$1.15 in 1Q 2023). Revenue: NT$1.51b (up 30% from 1Q 2023). Net income: NT$455.3m (up 68% from 1Q 2023). Profit margin: 30% (up from 23% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.공지 • May 02Test Research, Inc. to Report Q1, 2024 Results on May 08, 2024Test Research, Inc. announced that they will report Q1, 2024 results on May 08, 2024분석 기사 • Apr 15Test Research, Inc.'s (TWSE:3030) 25% Share Price Surge Not Quite Adding UpDespite an already strong run, Test Research, Inc. ( TWSE:3030 ) shares have been powering on, with a gain of 25% in...Reported Earnings • Feb 27Full year 2023 earnings released: EPS: NT$4.24 (vs NT$8.13 in FY 2022)Full year 2023 results: EPS: NT$4.24 (down from NT$8.13 in FY 2022). Revenue: NT$4.44b (down 34% from FY 2022). Net income: NT$1.00b (down 48% from FY 2022). Profit margin: 23% (down from 29% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.공지 • Feb 22Test Research, Inc., Annual General Meeting, May 29, 2024Test Research, Inc., Annual General Meeting, May 29, 2024. Location: 3F., No. 36-1, Huangxi St., Shilin Dist., Taipei City. Taipei City Taiwan Agenda: To approve 2023 Annual Business Report; to approve Audit Committee's Review Report on 2023 Financial Statements; and to approv 2023 Employees' and Directors Remuneration Proposal.Buy Or Sell Opportunity • Feb 01Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$71.00. The fair value is estimated to be NT$59.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 11%.공지 • Nov 29Test Research, Inc. Appoints Dino Tsai as Chief Information Security OfficerTest Research, Inc. announced appointment of Dino Tsai/Director of HR Department as Chief Information Security Officer. Effective date is November 28, 2023.Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$1.04 (vs NT$2.06 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.04 (down from NT$2.06 in 3Q 2022). Revenue: NT$1.03b (down 33% from 3Q 2022). Net income: NT$246.0m (down 49% from 3Q 2022). Profit margin: 24% (down from 32% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.87 (vs NT$2.22 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.87 (down from NT$2.22 in 2Q 2022). Revenue: NT$936.1m (down 49% from 2Q 2022). Net income: NT$205.9m (down 61% from 2Q 2022). Profit margin: 22% (down from 28% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 08Upcoming dividend of NT$4.50 per share at 7.0% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).Reported Earnings • Feb 25Full year 2022 earnings released: EPS: NT$8.13 (vs NT$5.02 in FY 2021)Full year 2022 results: EPS: NT$8.13 (up from NT$5.02 in FY 2021). Revenue: NT$6.71b (up 20% from FY 2021). Net income: NT$1.92b (up 62% from FY 2021). Profit margin: 29% (up from 21% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% 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. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yow-Shiuan Fu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: NT$2.06 (vs NT$1.22 in 3Q 2021)Third quarter 2022 results: EPS: NT$2.06 (up from NT$1.22 in 3Q 2021). Revenue: NT$1.54b (up 11% from 3Q 2021). Net income: NT$486.5m (up 69% from 3Q 2021). Profit margin: 32% (up from 21% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: NT$2.22 (vs NT$1.47 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.22 (up from NT$1.47 in 2Q 2021). Revenue: NT$1.84b (up 19% from 2Q 2021). Net income: NT$524.9m (up 51% from 2Q 2021). Profit margin: 28% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 03Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 10 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.2%).Reported Earnings • May 06First quarter 2022 earnings released: EPS: NT$2.50 (vs NT$1.25 in 1Q 2021)First quarter 2022 results: EPS: NT$2.50 (up from NT$1.25 in 1Q 2021). Revenue: NT$1.92b (up 43% from 1Q 2021). Net income: NT$590.1m (up 100% from 1Q 2021). Profit margin: 31% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yow-Shiuan Fu was the last independent director to join the board, commencing their role in 2017. 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 • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$5.02 (up from NT$4.63 in FY 2020). Revenue: NT$5.61b (up 13% from FY 2020). Net income: NT$1.19b (up 8.5% from FY 2020). Profit margin: 21% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.공지 • Feb 25Test Research, Inc., Annual General Meeting, May 25, 2022Test Research, Inc., Annual General Meeting, May 25, 2022. Location: 3F., No. 36-1, Huangxi St., Shilin Dist Taipei City Taiwan Agenda: To consider 2021 Annual Business Report; to consider Audit Committee's Review Report on 2021 Financial Statements; to consider 2021 employees and Directors Remuneration Proposal; to consider Adoption of 2021 Financial Statements; Adoption of 2021 Earning Distribution Plan; and to consider other matters.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.22 (vs NT$1.32 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.39b (up 2.0% from 3Q 2020). Net income: NT$288.5m (down 7.3% from 3Q 2020). Profit margin: 21% (down from 23% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.47 (vs NT$1.58 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$1.55b (up 4.4% from 2Q 2020). Net income: NT$347.4m (down 6.7% from 2Q 2020). Profit margin: 22% (down from 25% 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 4% per year whereas the company’s share price has increased by 3% per year.Upcoming Dividend • Jul 15Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 22 July 2021. Payment date: 10 August 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.9%).Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$1.25 (vs NT$1.14 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$1.35b (up 16% from 1Q 2020). Net income: NT$295.6m (up 9.4% from 1Q 2020). Profit margin: 22% (down from 23% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year.분석 기사 • Mar 19Is Test Research, Inc. (TPE:3030) A Smart Choice For Dividend Investors?Is Test Research, Inc. ( TPE:3030 ) a good dividend stock? How can we tell? Dividend paying companies with growing...분석 기사 • Mar 01With EPS Growth And More, Test Research (TPE:3030) Is InterestingLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Reported Earnings • Feb 26Full year 2020 earnings released: EPS NT$4.63 (vs NT$3.97 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$4.95b (up 13% from FY 2019). Net income: NT$1.09b (up 16% from FY 2019). Profit margin: 22% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공지 • Feb 25Test Research, Inc., Annual General Meeting, May 26, 2021Test Research, Inc., Annual General Meeting, May 26, 2021. Location: 3F., No. 36-1, Huangxi St., Shilin Dist Taipei Taiwan Agenda: To consider 2020 Annual Business Report; to consider Audit Committee's Review Report on 2020 Financial Statements; and to consider other matters.공지 • Feb 24Test Research, Inc. Announces Change to the Research and Development Officer, Effective March 1, 2021Test Research, Inc. announced replacement of KuangPu Wen with Wenming Wu as Director of R&D Division 2 of the company. Effective date is March 1, 2021.Is New 90 Day High Low • Feb 23New 90-day high: NT$59.10The company is up 5.0% from its price of NT$56.20 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.분석 기사 • Feb 11Should You Invest In Test Research (TPE:3030)?If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...공지 • Jan 28Test Research, Inc. Announces Retirement of KuangPu Wen as Research and Development OfficerTest Research, Inc. announced retirement of KuangPu Wen, Director of Imaging Test Systems RD Division of the Company as research and development officer. Effective date: January 27, 2021.분석 기사 • Jan 24Test Research (TPE:3030) Has Compensated Shareholders With A Respectable 70% Return On Their InvestmentThe main point of investing for the long term is to make money. But more than that, you probably want to see it rise...분석 기사 • Jan 05Is Test Research, Inc.'s (TPE:3030) Latest Stock Performance Being Led By Its Strong Fundamentals?Test Research's (TPE:3030) stock up by 1.9% over the past week. Since the market usually pay for a company’s long-term...분석 기사 • Dec 18Is Test Research, Inc. (TPE:3030) A Good Dividend Stock?Could Test Research, Inc. ( TPE:3030 ) be an attractive dividend share to own for the long haul? Investors are often...분석 기사 • Nov 30Here's Why I Think Test Research (TPE:3030) Is An Interesting StockFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$1.32The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.36b (up 30% from 3Q 2019). Net income: NT$311.1m (up 45% from 3Q 2019). Profit margin: 23% (up from 21% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.매출 및 비용 세부 내역Test Research가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TWSE:3030 매출, 비용 및 순이익 (TWD Millions)날짜매출순이익일반관리비연구개발비31 Mar 268,9682,7271,36267931 Dec 258,4672,4791,30864030 Sep 257,8782,3191,24859430 Jun 257,4372,0141,20556731 Mar 256,7861,9591,21457831 Dec 246,3561,8371,18257330 Sep 246,1691,5881,13753930 Jun 245,5701,4461,09950031 Mar 244,7791,1861,01645531 Dec 234,4351,00199442830 Sep 234,5401,0431,00144330 Jun 235,0511,2831,05447831 Mar 235,9551,6021,12450031 Dec 226,7091,9211,16053530 Sep 226,6201,8551,16755130 Jun 226,4671,6571,09853731 Mar 226,1801,4801,04652631 Dec 215,6071,18599349730 Sep 215,2281,07193645230 Jun 215,2021,09393741231 Mar 215,1361,11890639431 Dec 204,9511,09388739130 Sep 205,1561,15791241630 Jun 204,8401,06187244431 Mar 204,57397088045531 Dec 194,38793987142330 Sep 194,26193986740530 Jun 194,46696192138831 Mar 194,8311,08897037931 Dec 184,9191,06498038030 Sep 184,75297696736730 Jun 184,61698794034631 Mar 183,91573487033131 Dec 173,60159583631430 Sep 173,39755282229430 Jun 173,01737079830231 Mar 173,13140080830931 Dec 163,10042982532630 Sep 163,15538986835430 Jun 164,01275294038031 Mar 164,32282199138531 Dec 154,7549991,00537930 Sep 154,9611,1521,00737030 Jun 156,4741,4971,026393양질의 수익: 3030의 비현금 수익 수준이 높습니다.이익 마진 증가: 3030의 현재 순 이익률 (30.4%)은 지난해 (28.9%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 3030의 수익은 지난 5년 동안 연평균 14.3% 증가했습니다.성장 가속화: 지난 1년간 3030 의 수익 증가율(39.2%)은 연간 평균(14.3%)을 초과합니다.수익 대 산업: 3030의 지난 1년 수익 증가율(39.2%)은 Electronic 업계의 -2%를 상회했습니다.자기자본이익률높은 ROE: 3030의 자본 수익률(26.1%)은 높음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/12 07:38종가2026/05/12 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 소스Test Research, Inc.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrea SuCLSAnull nullSinoPac Securities Investment ServiceChia-Chi ChangYuanta Research
Reported Earnings • May 08First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.45 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.45 in 1Q 2025). Revenue: NT$2.44b (up 26% from 1Q 2025). Net income: NT$826.5m (up 43% from 1Q 2025). Profit margin: 34% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$10.49 (vs NT$7.78 in FY 2024)Full year 2025 results: EPS: NT$10.49 (up from NT$7.78 in FY 2024). Revenue: NT$8.47b (up 33% from FY 2024). Net income: NT$2.48b (up 35% from FY 2024). Profit margin: 29% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$2.93 (vs NT$1.64 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.93 (up from NT$1.64 in 3Q 2024). Revenue: NT$2.07b (up 27% from 3Q 2024). Net income: NT$693.2m (up 79% from 3Q 2024). Profit margin: 34% (up from 24% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$2.21 (vs NT$1.97 in 2Q 2024)Second quarter 2025 results: EPS: NT$2.21 (up from NT$1.97 in 2Q 2024). Revenue: NT$2.38b (up 38% from 2Q 2024). Net income: NT$521.5m (up 12% from 2Q 2024). Profit margin: 22% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$2.45 (vs NT$1.93 in 1Q 2024)First quarter 2025 results: EPS: NT$2.45 (up from NT$1.93 in 1Q 2024). Revenue: NT$1.94b (up 28% from 1Q 2024). Net income: NT$577.8m (up 27% from 1Q 2024). Profit margin: 30% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
공지 • Apr 30Test Research, Inc. to Report Q1, 2025 Results on May 07, 2025Test Research, Inc. announced that they will report Q1, 2025 results on May 07, 2025
Reported Earnings • May 08First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$2.45 in 1Q 2025)First quarter 2026 results: EPS: NT$3.00 (up from NT$2.45 in 1Q 2025). Revenue: NT$2.44b (up 26% from 1Q 2025). Net income: NT$826.5m (up 43% from 1Q 2025). Profit margin: 34% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$377, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 28x in the Electronic industry in Taiwan. Total returns to shareholders of 578% over the past three years.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 22%After last week's 22% share price gain to NT$303, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 424% over the past three years.
New Risk • Mar 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.1% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$10.49 (vs NT$7.78 in FY 2024)Full year 2025 results: EPS: NT$10.49 (up from NT$7.78 in FY 2024). Revenue: NT$8.47b (up 33% from FY 2024). Net income: NT$2.48b (up 35% from FY 2024). Profit margin: 29% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Feb 26Test Research, Inc., Annual General Meeting, May 27, 2026Test Research, Inc., Annual General Meeting, May 27, 2026. Location: 3 floor no,36-1, huang hsi st., shihlin district, taipei city Taiwan
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$224, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 305% over the past three years.
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$193, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 241% over the past three years.
Reported Earnings • Nov 09Third quarter 2025 earnings released: EPS: NT$2.93 (vs NT$1.64 in 3Q 2024)Third quarter 2025 results: EPS: NT$2.93 (up from NT$1.64 in 3Q 2024). Revenue: NT$2.07b (up 27% from 3Q 2024). Net income: NT$693.2m (up 79% from 3Q 2024). Profit margin: 34% (up from 24% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$156, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 189% over the past three years.
Valuation Update With 7 Day Price Move • Aug 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$177, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 235% over the past three years.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$2.21 (vs NT$1.97 in 2Q 2024)Second quarter 2025 results: EPS: NT$2.21 (up from NT$1.97 in 2Q 2024). Revenue: NT$2.38b (up 38% from 2Q 2024). Net income: NT$521.5m (up 12% from 2Q 2024). Profit margin: 22% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$131, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 121% over the past three years.
Declared Dividend • May 31Dividend increased to NT$5.00Dividend of NT$5.00 is 52% higher than last year. Ex-date: 13th June 2025 Payment date: 4th July 2025 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 1.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 14First quarter 2025 earnings released: EPS: NT$2.45 (vs NT$1.93 in 1Q 2024)First quarter 2025 results: EPS: NT$2.45 (up from NT$1.93 in 1Q 2024). Revenue: NT$1.94b (up 28% from 1Q 2024). Net income: NT$577.8m (up 27% from 1Q 2024). Profit margin: 30% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
공지 • Apr 30Test Research, Inc. to Report Q1, 2025 Results on May 07, 2025Test Research, Inc. announced that they will report Q1, 2025 results on May 07, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$93.20, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 52% over the past three years.
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (153% cash payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change).
공지 • Feb 27Test Research, Inc., Annual General Meeting, May 28, 2025Test Research, Inc., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,36-1, huang hsi st., shihlin district, taipei city Taiwan
공지 • Feb 19Test Research, Inc. to Report Fiscal Year 2024 Results on Feb 26, 2025Test Research, Inc. announced that they will report fiscal year 2024 results on Feb 26, 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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change).
Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: NT$1.64 (vs NT$1.04 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.64 (up from NT$1.04 in 3Q 2023). Revenue: NT$1.63b (up 58% from 3Q 2023). Net income: NT$388.3m (up 58% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.
공지 • Oct 24Test Research, Inc. to Report Q3, 2024 Results on Nov 01, 2024Test Research, Inc. announced that they will report Q3, 2024 results on Nov 01, 2024
분석 기사 • Oct 17Capital Investment Trends At Test Research (TWSE:3030) Look StrongIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$132, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 174% over the past three years.
Reported Earnings • Aug 13Second quarter 2024 earnings released: EPS: NT$1.97 (vs NT$0.87 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.97 (up from NT$0.87 in 2Q 2023). Revenue: NT$1.73b (up 85% from 2Q 2023). Net income: NT$466.1m (up 126% from 2Q 2023). Profit margin: 27% (up from 22% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to NT$122, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 145% over the past three years.
분석 기사 • Aug 05Test Research, Inc.'s (TWSE:3030) Popularity With Investors Under Threat As Stock Sinks 27%Test Research, Inc. ( TWSE:3030 ) shares have retraced a considerable 27% in the last month, reversing a fair amount of...
공지 • Jul 30Test Research, Inc. to Report Q2, 2024 Results on Aug 07, 2024Test Research, Inc. announced that they will report Q2, 2024 results on Aug 07, 2024
분석 기사 • Jul 11Test Research (TWSE:3030) May Have Issues Allocating Its CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
분석 기사 • Jun 01Test Research (TWSE:3030) Has Announced That Its Dividend Will Be Reduced To NT$3.30Test Research, Inc. ( TWSE:3030 ) is reducing its dividend from last year's comparable payment to NT$3.30 on the 5th of...
Declared Dividend • May 31Dividend reduced to NT$3.30Dividend of NT$3.30 is 27% lower than last year. Ex-date: 14th June 2024 Payment date: 5th July 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 1.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
분석 기사 • May 31Optimistic Investors Push Test Research, Inc. (TWSE:3030) Shares Up 67% But Growth Is LackingDespite an already strong run, Test Research, Inc. ( TWSE:3030 ) shares have been powering on, with a gain of 67% in...
공지 • May 30Test Research, Inc. Announces Cash Dividends, Payable on July 5, 2024Test Research, Inc. announced cash dividends of TWD 779,512,800 or TWD 3.3 per share. Ex-rights (ex-dividend) trading date: June 14, 2024. Payment date of common stock cash dividend distribution: July 5, 2024. Ex-rights (ex-dividend) record date is June 22, 2024.
Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$147, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 211% over the past three years.
Reported Earnings • May 13First quarter 2024 earnings released: EPS: NT$1.93 (vs NT$1.15 in 1Q 2023)First quarter 2024 results: EPS: NT$1.93 (up from NT$1.15 in 1Q 2023). Revenue: NT$1.51b (up 30% from 1Q 2023). Net income: NT$455.3m (up 68% from 1Q 2023). Profit margin: 30% (up from 23% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
공지 • May 02Test Research, Inc. to Report Q1, 2024 Results on May 08, 2024Test Research, Inc. announced that they will report Q1, 2024 results on May 08, 2024
분석 기사 • Apr 15Test Research, Inc.'s (TWSE:3030) 25% Share Price Surge Not Quite Adding UpDespite an already strong run, Test Research, Inc. ( TWSE:3030 ) shares have been powering on, with a gain of 25% in...
Reported Earnings • Feb 27Full year 2023 earnings released: EPS: NT$4.24 (vs NT$8.13 in FY 2022)Full year 2023 results: EPS: NT$4.24 (down from NT$8.13 in FY 2022). Revenue: NT$4.44b (down 34% from FY 2022). Net income: NT$1.00b (down 48% from FY 2022). Profit margin: 23% (down from 29% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.
공지 • Feb 22Test Research, Inc., Annual General Meeting, May 29, 2024Test Research, Inc., Annual General Meeting, May 29, 2024. Location: 3F., No. 36-1, Huangxi St., Shilin Dist., Taipei City. Taipei City Taiwan Agenda: To approve 2023 Annual Business Report; to approve Audit Committee's Review Report on 2023 Financial Statements; and to approv 2023 Employees' and Directors Remuneration Proposal.
Buy Or Sell Opportunity • Feb 01Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 19% to NT$71.00. The fair value is estimated to be NT$59.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 11%.
공지 • Nov 29Test Research, Inc. Appoints Dino Tsai as Chief Information Security OfficerTest Research, Inc. announced appointment of Dino Tsai/Director of HR Department as Chief Information Security Officer. Effective date is November 28, 2023.
Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$1.04 (vs NT$2.06 in 3Q 2022)Third quarter 2023 results: EPS: NT$1.04 (down from NT$2.06 in 3Q 2022). Revenue: NT$1.03b (down 33% from 3Q 2022). Net income: NT$246.0m (down 49% from 3Q 2022). Profit margin: 24% (down from 32% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 05Second quarter 2023 earnings released: EPS: NT$0.87 (vs NT$2.22 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.87 (down from NT$2.22 in 2Q 2022). Revenue: NT$936.1m (down 49% from 2Q 2022). Net income: NT$205.9m (down 61% from 2Q 2022). Profit margin: 22% (down from 28% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 08Upcoming dividend of NT$4.50 per share at 7.0% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: NT$8.13 (vs NT$5.02 in FY 2021)Full year 2022 results: EPS: NT$8.13 (up from NT$5.02 in FY 2021). Revenue: NT$6.71b (up 20% from FY 2021). Net income: NT$1.92b (up 62% from FY 2021). Profit margin: 29% (up from 21% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% 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. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yow-Shiuan Fu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: NT$2.06 (vs NT$1.22 in 3Q 2021)Third quarter 2022 results: EPS: NT$2.06 (up from NT$1.22 in 3Q 2021). Revenue: NT$1.54b (up 11% from 3Q 2021). Net income: NT$486.5m (up 69% from 3Q 2021). Profit margin: 32% (up from 21% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 06Second quarter 2022 earnings released: EPS: NT$2.22 (vs NT$1.47 in 2Q 2021)Second quarter 2022 results: EPS: NT$2.22 (up from NT$1.47 in 2Q 2021). Revenue: NT$1.84b (up 19% from 2Q 2021). Net income: NT$524.9m (up 51% from 2Q 2021). Profit margin: 28% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 03Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 10 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (4.2%).
Reported Earnings • May 06First quarter 2022 earnings released: EPS: NT$2.50 (vs NT$1.25 in 1Q 2021)First quarter 2022 results: EPS: NT$2.50 (up from NT$1.25 in 1Q 2021). Revenue: NT$1.92b (up 43% from 1Q 2021). Net income: NT$590.1m (up 100% from 1Q 2021). Profit margin: 31% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yow-Shiuan Fu was the last independent director to join the board, commencing their role in 2017. 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 • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$5.02 (up from NT$4.63 in FY 2020). Revenue: NT$5.61b (up 13% from FY 2020). Net income: NT$1.19b (up 8.5% from FY 2020). Profit margin: 21% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year.
공지 • Feb 25Test Research, Inc., Annual General Meeting, May 25, 2022Test Research, Inc., Annual General Meeting, May 25, 2022. Location: 3F., No. 36-1, Huangxi St., Shilin Dist Taipei City Taiwan Agenda: To consider 2021 Annual Business Report; to consider Audit Committee's Review Report on 2021 Financial Statements; to consider 2021 employees and Directors Remuneration Proposal; to consider Adoption of 2021 Financial Statements; Adoption of 2021 Earning Distribution Plan; and to consider other matters.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.22 (vs NT$1.32 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.39b (up 2.0% from 3Q 2020). Net income: NT$288.5m (down 7.3% from 3Q 2020). Profit margin: 21% (down from 23% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$1.47 (vs NT$1.58 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$1.55b (up 4.4% from 2Q 2020). Net income: NT$347.4m (down 6.7% from 2Q 2020). Profit margin: 22% (down from 25% 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 4% per year whereas the company’s share price has increased by 3% per year.
Upcoming Dividend • Jul 15Upcoming dividend of NT$3.30 per shareEligible shareholders must have bought the stock before 22 July 2021. Payment date: 10 August 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.9%).
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$1.25 (vs NT$1.14 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$1.35b (up 16% from 1Q 2020). Net income: NT$295.6m (up 9.4% from 1Q 2020). Profit margin: 22% (down from 23% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year.
분석 기사 • Mar 19Is Test Research, Inc. (TPE:3030) A Smart Choice For Dividend Investors?Is Test Research, Inc. ( TPE:3030 ) a good dividend stock? How can we tell? Dividend paying companies with growing...
분석 기사 • Mar 01With EPS Growth And More, Test Research (TPE:3030) Is InterestingLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Reported Earnings • Feb 26Full year 2020 earnings released: EPS NT$4.63 (vs NT$3.97 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$4.95b (up 13% from FY 2019). Net income: NT$1.09b (up 16% from FY 2019). Profit margin: 22% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공지 • Feb 25Test Research, Inc., Annual General Meeting, May 26, 2021Test Research, Inc., Annual General Meeting, May 26, 2021. Location: 3F., No. 36-1, Huangxi St., Shilin Dist Taipei Taiwan Agenda: To consider 2020 Annual Business Report; to consider Audit Committee's Review Report on 2020 Financial Statements; and to consider other matters.
공지 • Feb 24Test Research, Inc. Announces Change to the Research and Development Officer, Effective March 1, 2021Test Research, Inc. announced replacement of KuangPu Wen with Wenming Wu as Director of R&D Division 2 of the company. Effective date is March 1, 2021.
Is New 90 Day High Low • Feb 23New 90-day high: NT$59.10The company is up 5.0% from its price of NT$56.20 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period.
분석 기사 • Feb 11Should You Invest In Test Research (TPE:3030)?If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
공지 • Jan 28Test Research, Inc. Announces Retirement of KuangPu Wen as Research and Development OfficerTest Research, Inc. announced retirement of KuangPu Wen, Director of Imaging Test Systems RD Division of the Company as research and development officer. Effective date: January 27, 2021.
분석 기사 • Jan 24Test Research (TPE:3030) Has Compensated Shareholders With A Respectable 70% Return On Their InvestmentThe main point of investing for the long term is to make money. But more than that, you probably want to see it rise...
분석 기사 • Jan 05Is Test Research, Inc.'s (TPE:3030) Latest Stock Performance Being Led By Its Strong Fundamentals?Test Research's (TPE:3030) stock up by 1.9% over the past week. Since the market usually pay for a company’s long-term...
분석 기사 • Dec 18Is Test Research, Inc. (TPE:3030) A Good Dividend Stock?Could Test Research, Inc. ( TPE:3030 ) be an attractive dividend share to own for the long haul? Investors are often...
분석 기사 • Nov 30Here's Why I Think Test Research (TPE:3030) Is An Interesting StockFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Reported Earnings • Nov 06Third quarter 2020 earnings released: EPS NT$1.32The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.36b (up 30% from 3Q 2019). Net income: NT$311.1m (up 45% from 3Q 2019). Profit margin: 23% (up from 21% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.