View Financial HealthAOPEN 배당 및 자사주 매입배당 기준 점검 4/6AOPEN 수익으로 충분히 충당되는 현재 수익률 5.38% 보유한 배당금 지급 회사입니다. 다음 지급일은 23rd July, 2026 이며 배당락일은 다음과 같습니다. 25th June, 2026.핵심 정보5.4%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률21.7%다음 배당 지급일23 Jul 26배당락일25 Jun 26주당 배당금n/a배당 성향73%최근 배당 및 자사주 매입 업데이트Declared Dividend • Mar 14Dividend increased to NT$3.00Dividend of NT$3.00 is 11% higher than last year. Ex-date: 25th June 2026 Payment date: 23rd July 2026 Dividend yield will be 6.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 37% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Mar 13AOPEN Incorporated announces Annual dividend, payable on July 23, 2026AOPEN Incorporated announced Annual dividend of TWD 3.0000 per share payable on July 23, 2026, ex-date on June 25, 2026 and record date on June 28, 2026.Upcoming Dividend • Jun 26Upcoming dividend of NT$2.70 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 29 July 2025. Payout ratio is a comfortable 68% and the cash payout ratio is 80%. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.7%).분석 기사 • Mar 15Aopen (TWSE:3046) Has Announced That It Will Be Increasing Its Dividend To NT$2.70Aopen Inc. ( TWSE:3046 ) has announced that it will be increasing its periodic dividend on the 29th of July to NT$2.70...Declared Dividend • Mar 14Dividend increased to NT$2.70Dividend of NT$2.70 is 35% higher than last year. Ex-date: 3rd July 2025 Payment date: 29th July 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 37% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 75% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Jun 27Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 04 July 2024. Payment date: 01 August 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.8%).모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • Jun 01Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$64.00, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total loss to shareholders of 16% over the past three years.Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$1.20 (vs NT$1.12 in 1Q 2025)First quarter 2026 results: EPS: NT$1.20 (up from NT$1.12 in 1Q 2025). Revenue: NT$1.82b (up 1.1% from 1Q 2025). Net income: NT$94.0m (up 7.5% from 1Q 2025). Profit margin: 5.2% (up from 4.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 14Dividend increased to NT$3.00Dividend of NT$3.00 is 11% higher than last year. Ex-date: 25th June 2026 Payment date: 23rd July 2026 Dividend yield will be 6.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 37% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$4.01 (vs NT$3.83 in FY 2024)Full year 2025 results: EPS: NT$4.01 (up from NT$3.83 in FY 2024). Revenue: NT$7.51b (up 8.2% from FY 2024). Net income: NT$314.9m (up 4.8% from FY 2024). Profit margin: 4.2% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.공시 • Mar 13AOPEN Incorporated announces Annual dividend, payable on July 23, 2026AOPEN Incorporated announced Annual dividend of TWD 3.0000 per share payable on July 23, 2026, ex-date on June 25, 2026 and record date on June 28, 2026.공시 • Mar 12AOPEN Incorporated, Annual General Meeting, May 26, 2026AOPEN Incorporated, Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,88, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city TaiwanReported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.42 (vs NT$1.25 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.42 (up from NT$1.25 in 3Q 2024). Revenue: NT$1.99b (down 12% from 3Q 2024). Net income: NT$111.5m (up 13% from 3Q 2024). Profit margin: 5.6% (up from 4.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$0.80 (vs NT$1.01 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.80 (down from NT$1.01 in 2Q 2024). Revenue: NT$1.77b (down 8.5% from 2Q 2024). Net income: NT$62.4m (down 21% from 2Q 2024). Profit margin: 3.5% (down from 4.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year.Upcoming Dividend • Jun 26Upcoming dividend of NT$2.70 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 29 July 2025. Payout ratio is a comfortable 68% and the cash payout ratio is 80%. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.7%).Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$52.30, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 93% over the past three years.Reported Earnings • May 11First quarter 2025 earnings released: EPS: NT$1.11 (vs NT$0.97 in 1Q 2024)First quarter 2025 results: EPS: NT$1.11 (up from NT$0.97 in 1Q 2024). Revenue: NT$1.80b (up 14% from 1Q 2024). Net income: NT$87.5m (up 14% from 1Q 2024). Profit margin: 4.9% (up from 4.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year.공시 • Apr 30Aopen Inc. to Report Q1, 2025 Results on May 07, 2025Aopen Inc. announced that they will report Q1, 2025 results on May 07, 2025Buy Or Sell Opportunity • Apr 11Now 20% overvaluedOver the last 90 days, the stock has fallen 11% to NT$41.50. The fair value is estimated to be NT$34.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 20%.New Risk • Apr 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$95.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.15b market cap, or US$95.4m).Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$40.05, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 26% over the past three years.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$3.83 (vs NT$3.14 in FY 2023)Full year 2024 results: EPS: NT$3.83 (up from NT$3.14 in FY 2023). Revenue: NT$6.95b (up 23% from FY 2023). Net income: NT$300.5m (up 29% from FY 2023). Profit margin: 4.3% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year.분석 기사 • Mar 15Aopen (TWSE:3046) Has Announced That It Will Be Increasing Its Dividend To NT$2.70Aopen Inc. ( TWSE:3046 ) has announced that it will be increasing its periodic dividend on the 29th of July to NT$2.70...Declared Dividend • Mar 14Dividend increased to NT$2.70Dividend of NT$2.70 is 35% higher than last year. Ex-date: 3rd July 2025 Payment date: 29th July 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 37% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 75% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Mar 13+ 1 more updateAopen Inc., Annual General Meeting, May 27, 2025Aopen Inc., Annual General Meeting, May 27, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,88, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city Taiwan공시 • Mar 05Aopen Inc. to Report Fiscal Year 2024 Results on Mar 12, 2025Aopen Inc. announced that they will report fiscal year 2024 results on Mar 12, 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 Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$1.25 (vs NT$0.94 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.25 (up from NT$0.94 in 3Q 2023). Revenue: NT$2.26b (up 35% from 3Q 2023). Net income: NT$98.3m (up 41% from 3Q 2023). Profit margin: 4.4% (up from 4.2% in 3Q 2023). 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 increased by 32% per year, which means it is tracking significantly ahead of earnings growth.공시 • Oct 30Aopen Inc. to Report Q3, 2024 Results on Nov 06, 2024Aopen Inc. announced that they will report Q3, 2024 results on Nov 06, 2024Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$64.00, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 215% over the past three years.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: NT$1.01 (vs NT$0.84 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.01 (up from NT$0.84 in 2Q 2023). Revenue: NT$1.93b (up 25% from 2Q 2023). Net income: NT$79.5m (up 32% from 2Q 2023). Profit margin: 4.1% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Aug 07Aopen (TWSE:3046) Might Have The Makings Of A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...공시 • Jul 31Aopen Inc. to Report Q2, 2024 Results on Aug 07, 2024Aopen Inc. announced that they will report Q2, 2024 results on Aug 07, 2024Upcoming Dividend • Jun 27Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 04 July 2024. Payment date: 01 August 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.8%).Reported Earnings • May 10First quarter 2024 earnings released: EPS: NT$0.98 (vs NT$0.74 in 1Q 2023)First quarter 2024 results: EPS: NT$0.98 (up from NT$0.74 in 1Q 2023). Revenue: NT$1.58b (up 36% from 1Q 2023). Net income: NT$76.5m (up 45% from 1Q 2023). Profit margin: 4.8% (up from 4.6% 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 48% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.공시 • May 02Aopen Inc. to Report Q1, 2024 Results on May 08, 2024Aopen Inc. announced that they will report Q1, 2024 results on May 08, 2024New Risk • Apr 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 6.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (4.1% net profit margin). Shareholders have been diluted in the past year (9.8% increase in shares outstanding).공시 • Mar 14+ 1 more updateAopen Inc., Annual General Meeting, May 29, 2024Aopen Inc., Annual General Meeting, May 29, 2024. Location: 1F, No.88, Sec. 1 Xintai 5th Road, Xizhi,New Taipei City Taipei Taiwan Agenda: To consider Business Report for the year 2023; to Report on Execution of Employees' Profit Sharing Bonus Board Directors' Compensation and the Distribution of Cash Dividend for the year 2023; to Audit Committee Report; to Ratification Proposal of the Financial Statements?Business Report and the Proposal for Profit & Loss Appropriation for the year 2023 ; to Approve the Proposal of the Amendments to ”Articles of Incorporation” ; and to consider other matters if any.Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$0.94 (vs NT$0.66 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.94 (up from NT$0.66 in 3Q 2022). Revenue: NT$1.68b (up 75% from 3Q 2022). Net income: NT$69.6m (up 47% from 3Q 2022). Profit margin: 4.2% (down from 5.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth.New Risk • Sep 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (49% accrual ratio). Minor Risks Dividend is not well covered by cash flows (253% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding).Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: NT$0.84 (vs NT$0.94 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.84 (down from NT$0.94 in 2Q 2022). Revenue: NT$1.55b (up 77% from 2Q 2022). Net income: NT$60.3m (down 10% from 2Q 2022). Profit margin: 3.9% (down from 7.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.New Risk • Jul 19New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Upcoming Dividend • Jul 12Upcoming dividend of NT$1.50 per share at 2.0% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 22 August 2023. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.6%).Valuation Update With 7 Day Price Move • Jul 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$82.40, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 385% over the past three years.Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$96.00, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 17x in the Tech industry in Taiwan. Total returns to shareholders of 567% over the past three years.공시 • May 06Aopen Inc. announced that it expects to receive TWD 400 million in funding from Acer IncorporatedAopen Inc. announced a private placement of shares from returning investor Acer Incorporated for gross proceeds of TWD 400,000,000 on May 4, 2023. The transaction was approved by the board of directors of the investor.Reported Earnings • Mar 18Full year 2022 earnings released: EPS: NT$3.03 (vs NT$1.82 in FY 2021)Full year 2022 results: EPS: NT$3.03 (up from NT$1.82 in FY 2021). Revenue: NT$3.33b (up 29% from FY 2021). Net income: NT$216.6m (up 66% from FY 2021). Profit margin: 6.5% (up from 5.1% 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 115% per year whereas the company’s share price has increased by 116% per year.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$64.70, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 455% over the past three years.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$0.66 (vs NT$1.08 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.66 (down from NT$1.08 in 3Q 2021). Revenue: NT$957.0m (up 29% from 3Q 2021). Net income: NT$47.5m (down 39% from 3Q 2021). Profit margin: 5.0% (down from 10% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improved over the past weekAfter last week's 29% share price gain to NT$57.30, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 177% over the past three years.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$51.20, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 150% over the past three years.Valuation Update With 7 Day Price Move • Oct 04Investor sentiment improved over the past weekAfter last week's 31% share price gain to NT$58.30, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 179% over the past three years.Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$40.15, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 90% over the past three years.Buying Opportunity • Sep 05Now 21% undervaluedOver the last 90 days, the stock is up 19%. The fair value is estimated to be NT$43.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Aug 08Second quarter 2022 earnings released: EPS: NT$0.94 (vs NT$0.16 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.94 (up from NT$0.16 in 2Q 2021). Revenue: NT$877.8m (up 53% from 2Q 2021). Net income: NT$67.3m (up NT$56.1m from 2Q 2021). Profit margin: 7.7% (up from 1.9% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$23.00, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 12x in the Tech industry in Taiwan. Negligible returns to shareholders over past three years.Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.43 (vs NT$0.13 in 1Q 2021)First quarter 2022 results: EPS: NT$0.43 (up from NT$0.13 in 1Q 2021). Revenue: NT$719.0m (up 48% from 1Q 2021). Net income: NT$30.4m (up 228% from 1Q 2021). Profit margin: 4.2% (up from 1.9% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$37.95, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 51% over the past three years.Reported Earnings • Mar 17Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$1.82 (up from NT$0.93 loss in FY 2020). Revenue: NT$2.57b (up 47% from FY 2020). Net income: NT$130.2m (up NT$196.7m from FY 2020). Profit margin: 5.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 24%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$50.60, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 166% over the past three years.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$30.40, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 57% over the past three years.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.08 (vs NT$0.39 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$739.8m (up 41% from 3Q 2020). Net income: NT$77.1m (up NT$104.7m from 3Q 2020). Profit margin: 10% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.013 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$574.7m (up 51% from 2Q 2020). Net income: NT$11.2m (up NT$10.3m from 2Q 2020). Profit margin: 1.9% (up from 0.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Reported Earnings • Mar 19Full year 2020 earnings released: NT$0.93 loss per share (vs NT$2.35 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: NT$1.76b (up 1.8% from FY 2019). Net loss: NT$66.5m (loss narrowed 60% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.분석 기사 • Feb 21Aopen (TPE:3046) Has Debt But No Earnings; Should You Worry?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is New 90 Day High Low • Jan 12New 90-day high: NT$17.25The company is up 11% from its price of NT$15.50 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is up 9.0% over the same period.Is New 90 Day High Low • Nov 19New 90-day low: NT$14.05The company is down 13% from its price of NT$16.10 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is flat over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.39 loss per shareThe company reported a soft third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: NT$525.5m (up 19% from 3Q 2019). Net loss: NT$27.6m (loss widened NT$24.9m from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 29New 90-day low: NT$14.70The company is down 1.0% from its price of NT$14.80 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is down 2.0% over the same period.예정된 배당 지급오늘Jun 10 2026배당락일Jun 25 2026배당 지급일Jul 23 202628 days (배당락일 기준)다음 배당금을 받으려면 앞으로 15 days일 이내에 매수하세요지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 3046 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: 3046 의 배당금 지급이 증가했지만 회사는 7 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장AOPEN 배당 수익률 vs 시장3046의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (3046)5.4%시장 하위 25% (TW)1.4%시장 상위 25% (TW)4.9%업계 평균 (Tech)2.6%분석가 예측 (3046) (최대 3년)n/a주목할만한 배당금: 3046 의 배당금( 5.38% )은 TW 시장에서 배당금 지급자의 하위 25%( 1.4% )보다 높습니다.고배당: 3046 의 배당금( 5.38% )은 TW 시장( 4.88% )주주 대상 이익 배당수익 보장: 합리적인 지급 비율 ( 73.2% )을 통해 3046 의 배당금 지급은 수익으로 충당됩니다.주주 현금 배당현금 흐름 범위: 합리적인 현금 지급 비율 ( 72.1% )로 3046 의 배당금 지급은 현금 흐름으로 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/10 08:24종가2026/06/10 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 소스AOPEN Incorporated는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Zongying YuSinoPac Securities Investment Service
Declared Dividend • Mar 14Dividend increased to NT$3.00Dividend of NT$3.00 is 11% higher than last year. Ex-date: 25th June 2026 Payment date: 23rd July 2026 Dividend yield will be 6.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 37% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Mar 13AOPEN Incorporated announces Annual dividend, payable on July 23, 2026AOPEN Incorporated announced Annual dividend of TWD 3.0000 per share payable on July 23, 2026, ex-date on June 25, 2026 and record date on June 28, 2026.
Upcoming Dividend • Jun 26Upcoming dividend of NT$2.70 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 29 July 2025. Payout ratio is a comfortable 68% and the cash payout ratio is 80%. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.7%).
분석 기사 • Mar 15Aopen (TWSE:3046) Has Announced That It Will Be Increasing Its Dividend To NT$2.70Aopen Inc. ( TWSE:3046 ) has announced that it will be increasing its periodic dividend on the 29th of July to NT$2.70...
Declared Dividend • Mar 14Dividend increased to NT$2.70Dividend of NT$2.70 is 35% higher than last year. Ex-date: 3rd July 2025 Payment date: 29th July 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 37% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 75% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Jun 27Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 04 July 2024. Payment date: 01 August 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.8%).
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$64.00, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 24x in the Tech industry in Taiwan. Total loss to shareholders of 16% over the past three years.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$1.20 (vs NT$1.12 in 1Q 2025)First quarter 2026 results: EPS: NT$1.20 (up from NT$1.12 in 1Q 2025). Revenue: NT$1.82b (up 1.1% from 1Q 2025). Net income: NT$94.0m (up 7.5% from 1Q 2025). Profit margin: 5.2% (up from 4.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 14Dividend increased to NT$3.00Dividend of NT$3.00 is 11% higher than last year. Ex-date: 25th June 2026 Payment date: 23rd July 2026 Dividend yield will be 6.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 37% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$4.01 (vs NT$3.83 in FY 2024)Full year 2025 results: EPS: NT$4.01 (up from NT$3.83 in FY 2024). Revenue: NT$7.51b (up 8.2% from FY 2024). Net income: NT$314.9m (up 4.8% from FY 2024). Profit margin: 4.2% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
공시 • Mar 13AOPEN Incorporated announces Annual dividend, payable on July 23, 2026AOPEN Incorporated announced Annual dividend of TWD 3.0000 per share payable on July 23, 2026, ex-date on June 25, 2026 and record date on June 28, 2026.
공시 • Mar 12AOPEN Incorporated, Annual General Meeting, May 26, 2026AOPEN Incorporated, Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: 1 floor no,88, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city Taiwan
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.42 (vs NT$1.25 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.42 (up from NT$1.25 in 3Q 2024). Revenue: NT$1.99b (down 12% from 3Q 2024). Net income: NT$111.5m (up 13% from 3Q 2024). Profit margin: 5.6% (up from 4.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$0.80 (vs NT$1.01 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.80 (down from NT$1.01 in 2Q 2024). Revenue: NT$1.77b (down 8.5% from 2Q 2024). Net income: NT$62.4m (down 21% from 2Q 2024). Profit margin: 3.5% (down from 4.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year.
Upcoming Dividend • Jun 26Upcoming dividend of NT$2.70 per shareEligible shareholders must have bought the stock before 03 July 2025. Payment date: 29 July 2025. Payout ratio is a comfortable 68% and the cash payout ratio is 80%. Trailing yield: 5.3%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.7%).
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$52.30, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 93% over the past three years.
Reported Earnings • May 11First quarter 2025 earnings released: EPS: NT$1.11 (vs NT$0.97 in 1Q 2024)First quarter 2025 results: EPS: NT$1.11 (up from NT$0.97 in 1Q 2024). Revenue: NT$1.80b (up 14% from 1Q 2024). Net income: NT$87.5m (up 14% from 1Q 2024). Profit margin: 4.9% (up from 4.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year.
공시 • Apr 30Aopen Inc. to Report Q1, 2025 Results on May 07, 2025Aopen Inc. announced that they will report Q1, 2025 results on May 07, 2025
Buy Or Sell Opportunity • Apr 11Now 20% overvaluedOver the last 90 days, the stock has fallen 11% to NT$41.50. The fair value is estimated to be NT$34.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 20%.
New Risk • Apr 08New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$95.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$3.15b market cap, or US$95.4m).
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$40.05, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 26% over the past three years.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$3.83 (vs NT$3.14 in FY 2023)Full year 2024 results: EPS: NT$3.83 (up from NT$3.14 in FY 2023). Revenue: NT$6.95b (up 23% from FY 2023). Net income: NT$300.5m (up 29% from FY 2023). Profit margin: 4.3% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year.
분석 기사 • Mar 15Aopen (TWSE:3046) Has Announced That It Will Be Increasing Its Dividend To NT$2.70Aopen Inc. ( TWSE:3046 ) has announced that it will be increasing its periodic dividend on the 29th of July to NT$2.70...
Declared Dividend • Mar 14Dividend increased to NT$2.70Dividend of NT$2.70 is 35% higher than last year. Ex-date: 3rd July 2025 Payment date: 29th July 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 37% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 75% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Mar 13+ 1 more updateAopen Inc., Annual General Meeting, May 27, 2025Aopen Inc., Annual General Meeting, May 27, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,88, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city Taiwan
공시 • Mar 05Aopen Inc. to Report Fiscal Year 2024 Results on Mar 12, 2025Aopen Inc. announced that they will report fiscal year 2024 results on Mar 12, 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 Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: NT$1.25 (vs NT$0.94 in 3Q 2023)Third quarter 2024 results: EPS: NT$1.25 (up from NT$0.94 in 3Q 2023). Revenue: NT$2.26b (up 35% from 3Q 2023). Net income: NT$98.3m (up 41% from 3Q 2023). Profit margin: 4.4% (up from 4.2% in 3Q 2023). 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 increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Oct 30Aopen Inc. to Report Q3, 2024 Results on Nov 06, 2024Aopen Inc. announced that they will report Q3, 2024 results on Nov 06, 2024
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$64.00, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 215% over the past three years.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: NT$1.01 (vs NT$0.84 in 2Q 2023)Second quarter 2024 results: EPS: NT$1.01 (up from NT$0.84 in 2Q 2023). Revenue: NT$1.93b (up 25% from 2Q 2023). Net income: NT$79.5m (up 32% from 2Q 2023). Profit margin: 4.1% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Aug 07Aopen (TWSE:3046) Might Have The Makings Of A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
공시 • Jul 31Aopen Inc. to Report Q2, 2024 Results on Aug 07, 2024Aopen Inc. announced that they will report Q2, 2024 results on Aug 07, 2024
Upcoming Dividend • Jun 27Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 04 July 2024. Payment date: 01 August 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.8%).
Reported Earnings • May 10First quarter 2024 earnings released: EPS: NT$0.98 (vs NT$0.74 in 1Q 2023)First quarter 2024 results: EPS: NT$0.98 (up from NT$0.74 in 1Q 2023). Revenue: NT$1.58b (up 36% from 1Q 2023). Net income: NT$76.5m (up 45% from 1Q 2023). Profit margin: 4.8% (up from 4.6% 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 48% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
공시 • May 02Aopen Inc. to Report Q1, 2024 Results on May 08, 2024Aopen Inc. announced that they will report Q1, 2024 results on May 08, 2024
New Risk • Apr 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 6.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (4.1% net profit margin). Shareholders have been diluted in the past year (9.8% increase in shares outstanding).
공시 • Mar 14+ 1 more updateAopen Inc., Annual General Meeting, May 29, 2024Aopen Inc., Annual General Meeting, May 29, 2024. Location: 1F, No.88, Sec. 1 Xintai 5th Road, Xizhi,New Taipei City Taipei Taiwan Agenda: To consider Business Report for the year 2023; to Report on Execution of Employees' Profit Sharing Bonus Board Directors' Compensation and the Distribution of Cash Dividend for the year 2023; to Audit Committee Report; to Ratification Proposal of the Financial Statements?Business Report and the Proposal for Profit & Loss Appropriation for the year 2023 ; to Approve the Proposal of the Amendments to ”Articles of Incorporation” ; and to consider other matters if any.
Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: NT$0.94 (vs NT$0.66 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.94 (up from NT$0.66 in 3Q 2022). Revenue: NT$1.68b (up 75% from 3Q 2022). Net income: NT$69.6m (up 47% from 3Q 2022). Profit margin: 4.2% (down from 5.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth.
New Risk • Sep 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (49% accrual ratio). Minor Risks Dividend is not well covered by cash flows (253% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (9.8% increase in shares outstanding).
Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: NT$0.84 (vs NT$0.94 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.84 (down from NT$0.94 in 2Q 2022). Revenue: NT$1.55b (up 77% from 2Q 2022). Net income: NT$60.3m (down 10% from 2Q 2022). Profit margin: 3.9% (down from 7.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 19New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Upcoming Dividend • Jul 12Upcoming dividend of NT$1.50 per share at 2.0% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 22 August 2023. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.6%).
Valuation Update With 7 Day Price Move • Jul 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to NT$82.40, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 385% over the past three years.
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$96.00, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 17x in the Tech industry in Taiwan. Total returns to shareholders of 567% over the past three years.
공시 • May 06Aopen Inc. announced that it expects to receive TWD 400 million in funding from Acer IncorporatedAopen Inc. announced a private placement of shares from returning investor Acer Incorporated for gross proceeds of TWD 400,000,000 on May 4, 2023. The transaction was approved by the board of directors of the investor.
Reported Earnings • Mar 18Full year 2022 earnings released: EPS: NT$3.03 (vs NT$1.82 in FY 2021)Full year 2022 results: EPS: NT$3.03 (up from NT$1.82 in FY 2021). Revenue: NT$3.33b (up 29% from FY 2021). Net income: NT$216.6m (up 66% from FY 2021). Profit margin: 6.5% (up from 5.1% 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 115% per year whereas the company’s share price has increased by 116% per year.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 24%After last week's 24% share price gain to NT$64.70, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 455% over the past three years.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: NT$0.66 (vs NT$1.08 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.66 (down from NT$1.08 in 3Q 2021). Revenue: NT$957.0m (up 29% from 3Q 2021). Net income: NT$47.5m (down 39% from 3Q 2021). Profit margin: 5.0% (down from 10% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improved over the past weekAfter last week's 29% share price gain to NT$57.30, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 177% over the past three years.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$51.20, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 150% over the past three years.
Valuation Update With 7 Day Price Move • Oct 04Investor sentiment improved over the past weekAfter last week's 31% share price gain to NT$58.30, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 179% over the past three years.
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$40.15, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 90% over the past three years.
Buying Opportunity • Sep 05Now 21% undervaluedOver the last 90 days, the stock is up 19%. The fair value is estimated to be NT$43.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Aug 08Second quarter 2022 earnings released: EPS: NT$0.94 (vs NT$0.16 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.94 (up from NT$0.16 in 2Q 2021). Revenue: NT$877.8m (up 53% from 2Q 2021). Net income: NT$67.3m (up NT$56.1m from 2Q 2021). Profit margin: 7.7% (up from 1.9% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$23.00, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 12x in the Tech industry in Taiwan. Negligible returns to shareholders over past three years.
Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.43 (vs NT$0.13 in 1Q 2021)First quarter 2022 results: EPS: NT$0.43 (up from NT$0.13 in 1Q 2021). Revenue: NT$719.0m (up 48% from 1Q 2021). Net income: NT$30.4m (up 228% from 1Q 2021). Profit margin: 4.2% (up from 1.9% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$37.95, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 14x in the Tech industry in Taiwan. Total returns to shareholders of 51% over the past three years.
Reported Earnings • Mar 17Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: NT$1.82 (up from NT$0.93 loss in FY 2020). Revenue: NT$2.57b (up 47% from FY 2020). Net income: NT$130.2m (up NT$196.7m from FY 2020). Profit margin: 5.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 24%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$50.60, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 166% over the past three years.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 25% share price gain to NT$30.40, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 57% over the past three years.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$1.08 (vs NT$0.39 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$739.8m (up 41% from 3Q 2020). Net income: NT$77.1m (up NT$104.7m from 3Q 2020). Profit margin: 10% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.013 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$574.7m (up 51% from 2Q 2020). Net income: NT$11.2m (up NT$10.3m from 2Q 2020). Profit margin: 1.9% (up from 0.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 19Full year 2020 earnings released: NT$0.93 loss per share (vs NT$2.35 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: NT$1.76b (up 1.8% from FY 2019). Net loss: NT$66.5m (loss narrowed 60% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
분석 기사 • Feb 21Aopen (TPE:3046) Has Debt But No Earnings; Should You Worry?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is New 90 Day High Low • Jan 12New 90-day high: NT$17.25The company is up 11% from its price of NT$15.50 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is up 9.0% over the same period.
Is New 90 Day High Low • Nov 19New 90-day low: NT$14.05The company is down 13% from its price of NT$16.10 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is flat over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.39 loss per shareThe company reported a soft third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: NT$525.5m (up 19% from 3Q 2019). Net loss: NT$27.6m (loss widened NT$24.9m from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 29New 90-day low: NT$14.70The company is down 1.0% from its price of NT$14.80 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is down 2.0% over the same period.