View ValuationASROCK Incorporation 향후 성장Future 기준 점검 4/6ASROCK Incorporation은 연간 수입과 매출이 각각 24.9%와 26.1% 증가할 것으로 예상되고 EPS는 연간 22.9%만큼 증가할 것으로 예상됩니다.핵심 정보24.9%이익 성장률22.93%EPS 성장률Tech 이익 성장21.7%매출 성장률26.1%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트06 May 2026최근 향후 성장 업데이트Price Target Changed • Mar 09Price target decreased by 9.4% to NT$301Down from NT$333, the current price target is an average from 4 analysts. New target price is 42% above last closing price of NT$212. Stock is down 5.2% over the past year. The company is forecast to post earnings per share of NT$20.29 for next year compared to NT$15.28 last year.Price Target Changed • Oct 23Price target increased by 12% to NT$323Up from NT$289, the current price target is an average from 4 analysts. New target price is 7.8% above last closing price of NT$300. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$15.17 for next year compared to NT$10.54 last year.Price Target Changed • Jul 03Price target increased by 8.7% to NT$278Up from NT$256, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$285. Stock is up 24% over the past year. The company is forecast to post earnings per share of NT$16.01 for next year compared to NT$10.54 last year.Major Estimate Revision • Jun 13Consensus revenue estimates increase by 33%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$39.8b to NT$53.0b. EPS estimate increased from NT$13.84 to NT$17.12 per share. Net income forecast to grow 51% next year vs 16% growth forecast for Tech industry in Taiwan. Consensus price target of NT$256 unchanged from last update. Share price rose 3.5% to NT$223 over the past week.Major Estimate Revision • Mar 14Consensus revenue estimates increase by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from NT$34.5b to NT$39.7b. EPS estimate unchanged at NT$13.99. Net income forecast to grow 34% next year vs 27% growth forecast for Tech industry in Taiwan. Consensus price target down from NT$280 to NT$256. Share price fell 7.3% to NT$208 over the past week.Price Target Changed • Dec 12Price target increased by 7.2% to NT$273Up from NT$255, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$242. Stock is up 6.4% over the past year. The company is forecast to post earnings per share of NT$11.08 for next year compared to NT$7.54 last year.모든 업데이트 보기Recent updatesDeclared Dividend • May 08Dividend increased to NT$11.00Dividend of NT$11.00 is 108% higher than last year. Ex-date: 1st July 2026 Payment date: 22nd July 2026 Dividend yield will be 4.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (189% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 07First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$4.00 (up from NT$3.58 in 1Q 2025). Revenue: NT$13.4b (up 28% from 1Q 2025). Net income: NT$511.9m (up 16% from 1Q 2025). Profit margin: 3.8% (down from 4.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 6.1%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Price Target Changed • Mar 09Price target decreased by 9.4% to NT$301Down from NT$333, the current price target is an average from 4 analysts. New target price is 42% above last closing price of NT$212. Stock is down 5.2% over the past year. The company is forecast to post earnings per share of NT$20.29 for next year compared to NT$15.28 last year.공시 • Mar 02ASROCK Incorporation, Annual General Meeting, May 27, 2026ASROCK Incorporation, Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,127, sec.7 chung shan n. rd., shihlin district, taipei city TaiwanReported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$15.28 (vs NT$10.54 in FY 2024)Full year 2025 results: EPS: NT$15.28 (up from NT$10.54 in FY 2024). Revenue: NT$47.8b (up 87% from FY 2024). Net income: NT$1.89b (up 47% from FY 2024). Profit margin: 3.9% (down from 5.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Dec 12Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to NT$253. The fair value is estimated to be NT$320, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 87% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$4.36 (vs NT$2.49 in 3Q 2024)Third quarter 2025 results: EPS: NT$4.36 (up from NT$2.49 in 3Q 2024). Revenue: NT$11.6b (up 86% from 3Q 2024). Net income: NT$538.1m (up 76% from 3Q 2024). Profit margin: 4.6% (down from 4.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan. 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 44% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$336, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Tech industry in Taiwan. Total returns to shareholders of 263% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$181 per share.Price Target Changed • Oct 23Price target increased by 12% to NT$323Up from NT$289, the current price target is an average from 4 analysts. New target price is 7.8% above last closing price of NT$300. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$15.17 for next year compared to NT$10.54 last year.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$318, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 221% over the past three years.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$298, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 245% over the past three years.Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: NT$3.31 (vs NT$2.17 in 2Q 2024)Second quarter 2025 results: EPS: NT$3.31 (up from NT$2.17 in 2Q 2024). Revenue: NT$12.0b (up 130% from 2Q 2024). Net income: NT$409.7m (up 55% from 2Q 2024). Profit margin: 3.4% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 04New major risk - Revenue and earnings growthEarnings have declined by 6.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.2% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change).Price Target Changed • Jul 03Price target increased by 8.7% to NT$278Up from NT$256, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$285. Stock is up 24% over the past year. The company is forecast to post earnings per share of NT$16.01 for next year compared to NT$10.54 last year.New Risk • Jun 30New 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 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change).Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$274, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 224% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$159 per share.Upcoming Dividend • Jun 19Upcoming dividend of NT$5.30 per shareEligible shareholders must have bought the stock before 26 June 2025. Payment date: 22 July 2025. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.7%).Major Estimate Revision • Jun 13Consensus revenue estimates increase by 33%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$39.8b to NT$53.0b. EPS estimate increased from NT$13.84 to NT$17.12 per share. Net income forecast to grow 51% next year vs 16% growth forecast for Tech industry in Taiwan. Consensus price target of NT$256 unchanged from last update. Share price rose 3.5% to NT$223 over the past week.New Risk • May 14New 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 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change).Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$200, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 57% over the past three years.Declared Dividend • May 02Dividend reduced to NT$5.30Dividend of NT$5.30 is 23% lower than last year. Ex-date: 26th June 2025 Payment date: 22nd July 2025 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 8.6% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$3.58 (up from NT$2.53 in 1Q 2024). Revenue: NT$10.5b (up 111% from 1Q 2024). Net income: NT$442.2m (up 44% from 1Q 2024). Profit margin: 4.2% (down from 6.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.공시 • Apr 23ASROCK Incorporation to Report Q1, 2025 Results on Apr 30, 2025ASROCK Incorporation announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on Apr 30, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$155, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 7.6% over the past three years.분석 기사 • Mar 31Positive Sentiment Still Eludes ASROCK Incorporation (TWSE:3515) Following 26% Share Price SlumpASROCK Incorporation ( TWSE:3515 ) shares have had a horrible month, losing 26% after a relatively good period...분석 기사 • Mar 20There May Be Underlying Issues With The Quality Of ASROCK Incorporation's (TWSE:3515) EarningsDespite announcing strong earnings, ASROCK Incorporation's ( TWSE:3515 ) stock was sluggish. We did some digging and...New Risk • Mar 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).Reported Earnings • Mar 19Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: NT$10.54 (up from NT$7.54 in FY 2023). Revenue: NT$25.7b (up 35% from FY 2023). Net income: NT$1.29b (up 40% from FY 2023). Profit margin: 5.0% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Major Estimate Revision • Mar 14Consensus revenue estimates increase by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from NT$34.5b to NT$39.7b. EPS estimate unchanged at NT$13.99. Net income forecast to grow 34% next year vs 27% growth forecast for Tech industry in Taiwan. Consensus price target down from NT$280 to NT$256. Share price fell 7.3% to NT$208 over the past week.공시 • Mar 06ASROCK Incorporation, Annual General Meeting, May 28, 2025ASROCK Incorporation, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,127, sec.7 chung shan n. rd., shihlin district, taipei city Taiwan분석 기사 • Mar 05ASROCK Incorporation's (TWSE:3515) Returns On Capital Are Heading HigherWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...공시 • Feb 22ASROCK Incorporation to Report Fiscal Year 2024 Results on Mar 04, 2025ASROCK Incorporation announced that they will report fiscal year 2024 results on Mar 04, 2025공시 • Jan 16An undisclosed buyer agreed to acquire 2.48% stake in ASRock Rack Incorporation (TPEX:7711) from ASROCK Incorporation (TWSE:3515) for approximately TWD 350 million.An undisclosed buyer agreed to acquire 2.48% stake in ASRock Rack Incorporation (TPEX:7711) from ASROCK Incorporation (TWSE:3515) for approximately TWD 350 million on November 27, 2024. A cash consideration of TWD 351.23 million valued at TWD 234 per share will be paid by the buyer. As part of consideration, TWD 351.23 million is paid towards common equity of ASRock Rack Incorporation. The deal has been approved by board of ASROCK Incorporation.New Risk • Jan 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (6.1% average weekly change).Price Target Changed • Dec 12Price target increased by 7.2% to NT$273Up from NT$255, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$242. Stock is up 6.4% over the past year. The company is forecast to post earnings per share of NT$11.08 for next year compared to NT$7.54 last year.분석 기사 • Dec 12News Flash: Analysts Just Made A Notable Upgrade To Their ASROCK Incorporation (TWSE:3515) ForecastsASROCK Incorporation ( TWSE:3515 ) shareholders will have a reason to smile today, with the analysts making substantial...분석 기사 • Nov 25ASROCK Incorporation (TWSE:3515) Might Have The Makings Of A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...New Risk • Nov 21New 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 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 (6.3% average weekly change).Reported Earnings • Nov 05Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: NT$2.50 (down from NT$2.53 in 3Q 2023). Revenue: NT$6.27b (up 28% from 3Q 2023). Net income: NT$305.0m (down 1.2% from 3Q 2023). Profit margin: 4.9% (down from 6.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.공시 • Oct 23ASROCK Incorporation to Report Q3, 2024 Results on Oct 30, 2024ASROCK Incorporation announced that they will report Q3, 2024 results on Oct 30, 2024Buy Or Sell Opportunity • Aug 26Now 26% overvaluedOver the last 90 days, the stock has fallen 6.3% to NT$215. The fair value is estimated to be NT$171, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 18% in the next year.Reported Earnings • Aug 13Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$2.17 (up from NT$1.30 in 2Q 2023). Revenue: NT$5.22b (up 28% from 2Q 2023). Net income: NT$264.2m (up 67% from 2Q 2023). Profit margin: 5.1% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.분석 기사 • Aug 07ASROCK Incorporation (TWSE:3515) Might Have The Makings Of A Multi-BaggerWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...Buy Or Sell Opportunity • Aug 01Now 24% overvaluedOver the last 90 days, the stock has fallen 3.2% to NT$213. The fair value is estimated to be NT$171, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 24% in the next year.공시 • Jul 25ASROCK Incorporation to Report Q2, 2024 Results on Jul 31, 2024ASROCK Incorporation announced that they will report Q2, 2024 results on Jul 31, 2024분석 기사 • Jun 16ASROCK Incorporation (TWSE:3515) Will Pay A Smaller Dividend Than Last YearASROCK Incorporation's ( TWSE:3515 ) dividend is being reduced from last year's payment covering the same period to...Upcoming Dividend • Jun 12Upcoming dividend of NT$6.90 per shareEligible shareholders must have bought the stock before 19 June 2024. Payment date: 22 July 2024. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). In line with average of industry peers (3.0%).분석 기사 • May 31ASROCK Incorporation's (TWSE:3515) Shareholders Will Receive A Smaller Dividend Than Last YearASROCK Incorporation ( TWSE:3515 ) has announced that on 22nd of July, it will be paying a dividend ofNT$6.90, which a...공시 • May 31+ 2 more updatesASROCK Incorporation Announces Election of Directors on Behalf of ASRock IncASROCK Incorporation announced Election of Directors on Behalf of ASRock Inc. Title and name of the previous position holder: Independent Director:Ai, Wei, Independent Director:Chin-Jung, Wu . Resume of the previous position holder: Independent Director:Ai, Wei (Director,Cross-Strait Economic and Political Research Center, College of International Affairs, National Cheng-Chi University), Independent Director:Chin-Jung, Wu (CEO, Explore Microelectronics Inc.). Title and name of the new position holder: Independent Director:Tan-Hsu, Tan, Independent Director:Yen-Hsuen, Su. Resume of the new position holder: Independent Director:Tan-Hsu, Tan (Professor, Innovation Frontier Institute of Research for Science and Technology, National Taipei University of Technology), Independent Director:Yen-Hsuen, Su (Institutional Representative, SPOTFILMS CO., LTD.). Reason for the change: term expired and Re-election of Board of Directors. Effective date of the new member is May 29, 2024. Original term is from August 20, 2021 to August 19, 2024.공시 • May 30ASROCK Incorporation Announces Board ChangesASROCK Incorporation at its AGM held on May 29, 2024 elected Director: Hsu-Tien Tung and Independent Directors: Tan-Hsu Tan, and Yen-Hsuen Su.Reported Earnings • May 11First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: NT$2.53 (up from NT$1.03 in 1Q 2023). Revenue: NT$4.95b (up 13% from 1Q 2023). Net income: NT$308.1m (up 146% from 1Q 2023). Profit margin: 6.2% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.분석 기사 • May 05ASROCK Incorporation (TWSE:3515) Will Pay A Smaller Dividend Than Last YearASROCK Incorporation's ( TWSE:3515 ) dividend is being reduced from last year's payment covering the same period to...Declared Dividend • May 04Dividend reduced to NT$6.90Dividend of NT$6.90 is 14% lower than last year. Ex-date: 19th June 2024 Payment date: 22nd July 2024 Dividend yield will be 3.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1.7% to bring the payout ratio under control. EPS is expected to grow by 53% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.공시 • May 03ASROCK Incorporation Proposes Dividend, Payable on July 22, 2024ASROCK Incorporation proposed common stock dividend distribution: TWD 839,286,531 (TWD 6.9 per share). Ex-rights (ex-dividend) trading date: June 19, 2024. Ex-rights (ex-dividend) record date: June 25, 2024. Payment date of common stock cash dividend distribution: July 22, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is May 2, 2024.공시 • Apr 26ASROCK Incorporation to Report Q1, 2024 Results on May 02, 2024ASROCK Incorporation announced that they will report Q1, 2024 results on May 02, 2024분석 기사 • Apr 18Is It Too Late To Consider Buying ASROCK Incorporation (TWSE:3515)?While ASROCK Incorporation ( TWSE:3515 ) might not have the largest market cap around , it saw significant share price...분석 기사 • Apr 01ASROCK Incorporation (TWSE:3515) Has Some Way To Go To Become A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...분석 기사 • Mar 13Some May Be Optimistic About ASROCK Incorporation's (TWSE:3515) EarningsThe most recent earnings report from ASROCK Incorporation ( TWSE:3515 ) was disappointing for shareholders. However...Reported Earnings • Mar 10Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$7.54 (down from NT$8.69 in FY 2022). Revenue: NT$19.0b (up 11% from FY 2022). Net income: NT$919.0m (down 14% from FY 2022). Profit margin: 4.8% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.공시 • Mar 07ASROCK Incorporation, Annual General Meeting, May 29, 2024ASROCK Incorporation, Annual General Meeting, May 29, 2024. Location: Room 202 of MellowFields Co. Ltd. (No.127, Sec. 7, Zhongshan N. Rd., Shilin Dist., Taipei City 111, Taiwan) Taipei City Taiwan Agenda: To consider 2023 Business Report; Audit Committee's Review Report on the 2023 Financial Statements; 2023 Employees' and Directors' Remuneration Report; 2023 Earnings Distribution Report for Cash Dividend; Amendment to the Rules of Procedure for the Board of Directors Meetings; and to discuss other matters.분석 기사 • Mar 05Why Investors Shouldn't Be Surprised By ASROCK Incorporation's (TWSE:3515) 29% Share Price SurgeASROCK Incorporation ( TWSE:3515 ) shares have continued their recent momentum with a 29% gain in the last month alone...Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$279, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$120 per share.New Risk • Mar 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risks Dividend is not well covered by earnings (159% payout ratio). Profit margins are more than 30% lower than last year (3.4% net profit margin).Major Estimate Revision • Dec 18Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from NT$18.4b to NT$19.2b. EPS estimate increased from NT$6.99 to NT$7.70 per share. Net income forecast to grow 109% next year vs 26% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$214 to NT$235. Share price rose 5.8% to NT$246 over the past week.Reported Earnings • Nov 03Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: NT$2.53 (up from NT$1.46 in 3Q 2022). Revenue: NT$4.90b (up 38% from 3Q 2022). Net income: NT$308.9m (up 72% from 3Q 2022). Profit margin: 6.3% (up from 5.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Price Target Changed • Sep 26Price target increased by 12% to NT$236Up from NT$210, the current price target is an average from 3 analysts. New target price is 12% above last closing price of NT$211. Stock is up 140% over the past year. The company posted earnings per share of NT$8.69 last year.Major Estimate Revision • Sep 19Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from NT$18.7b to NT$19.0b. EPS estimate increased from NT$5.82 to NT$6.67 per share. Net income forecast to grow 112% next year vs 9.3% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$210 to NT$224. Share price fell 3.4% to NT$201 over the past week.Major Estimate Revision • Aug 10Consensus EPS estimates fall by 26%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from NT$18.5b to NT$18.7b. EPS estimate fell from NT$7.87 to NT$5.82 per share. Net income forecast to grow 129% next year vs 9.4% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$200 to NT$210. Share price was steady at NT$233 over the past week.공시 • Aug 09ASROCK Incorporation Appoints Hung, Pei-Ya as Financial OfficerASROCK Incorporation announced the new replacement of financial officer. Name, title, and resume of the new position holder: Spokesperson: Hung, Pei-ya, Director, Finance Department. Effective date: August 8, 2023.Reported Earnings • Aug 05Second quarter 2023 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2023 results: EPS: NT$1.30 (down from NT$2.02 in 2Q 2022). Revenue: NT$4.09b (up 13% from 2Q 2022). Net income: NT$158.0m (down 37% from 2Q 2022). Profit margin: 3.9% (down from 6.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$258, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 90% over the past three years.공시 • Jul 12ASROCK Incorporation Announces Cash DividendASROCK Incorporation announced change of cash dividend yield from TWD 59,013,648, TWD 1.1412 per share to TWD 59,013,648, TWD 1.0942 per share due to total outstanding shares have been affected as the exercising of employee stock option.Major Estimate Revision • Jun 13Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$6.71 to NT$7.76. Revenue forecast unchanged at NT$18.5b. Net income forecast to grow 73% next year vs 2.1% growth forecast for Tech industry in Taiwan. Consensus price target of NT$165 unchanged from last update. Share price rose 36% to NT$227 over the past week.Upcoming Dividend • Jun 13Upcoming dividend of NT$8.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 20 June 2023. Payment date: 25 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).Price Target Changed • Jun 09Price target increased by 13% to NT$138Up from NT$122, the current price target is an average from 4 analysts. New target price is 31% below last closing price of NT$201. Stock is up 34% over the past year. The company is forecast to post earnings per share of NT$7.05 for next year compared to NT$8.69 last year.Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$183, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 50% over the past three years.Major Estimate Revision • May 04Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$19.7b to NT$18.3b. EPS estimate also fell from NT$8.96 per share to NT$8.07 per share. Net income forecast to shrink 38% next year vs 1.5% decline forecast for Tech industry in Taiwan. Consensus price target down from NT$122 to NT$118. Share price was steady at NT$132 over the past week.Reported Earnings • Mar 12Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: NT$8.69 (down from NT$19.67 in FY 2021). Revenue: NT$17.1b (down 13% from FY 2021). Net income: NT$1.07b (down 55% from FY 2021). Profit margin: 6.2% (down from 12% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 18% 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 21% share price gain to NT$151, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$148 per share.Buying Opportunity • Nov 23Now 23% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be NT$158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to decline by 23% in the next 2 years.Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$130, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$157 per share.Price Target Changed • Nov 17Price target increased to NT$99.00Up from NT$89.00, the current price target is an average from 2 analysts. New target price is 20% below last closing price of NT$125. Stock is down 50% over the past year. The company is forecast to post earnings per share of NT$10.23 for next year compared to NT$19.67 last year.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. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ouhyoung Ming was the last independent director to join the board, commencing their role in 2019. 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 03Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: NT$1.46 (down from NT$3.36 in 3Q 2021). Revenue: NT$3.57b (down 12% from 3Q 2021). Net income: NT$179.5m (down 56% from 3Q 2021). Profit margin: 5.0% (down from 10.0% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 9.0%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Price Target Changed • Oct 08Price target decreased to NT$88.00Down from NT$147, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$88.80. Stock is down 45% over the past year. The company is forecast to post earnings per share of NT$10.06 for next year compared to NT$19.67 last year.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$107, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$195 per share.Price Target Changed • Aug 14Price target decreased to NT$147Down from NT$173, the current price target is an average from 2 analysts. New target price is 53% above last closing price of NT$95.90. Stock is down 31% over the past year. The company is forecast to post earnings per share of NT$9.94 for next year compared to NT$19.67 last year.Major Estimate Revision • Aug 12Consensus revenue estimates fall by 14%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$18.9b to NT$16.2b. EPS estimate fell from NT$13.36 to NT$9.10 per share. Net income forecast to shrink 33% next year vs 3.8% decline forecast for Tech industry in Taiwan. Consensus price target down from NT$173 to NT$165. Share price fell 2.4% to NT$95.90 over the past week.Reported Earnings • Aug 08Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: NT$2.02 (down from NT$6.60 in 2Q 2021). Revenue: NT$3.62b (down 33% from 2Q 2021). Net income: NT$248.8m (down 69% from 2Q 2021). Profit margin: 6.9% (down from 15% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 8.2%, compared to a 4.0% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 07Upcoming dividend of NT$13.00 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 12%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (7.9%).Major Estimate Revision • Jun 17Consensus revenue estimates fall by 10%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$22.0b to NT$19.7b. EPS estimate fell from NT$19.37 to NT$14.47 per share. Net income forecast to shrink 28% next year vs 3.0% decline forecast for Tech industry in Taiwan. Consensus price target down from NT$230 to NT$200. Share price fell 18% to NT$123 over the past week.Price Target Changed • Jun 15Price target decreased to NT$230Down from NT$262, the current price target is an average from 3 analysts. New target price is 66% above last closing price of NT$139. Stock is down 23% over the past year. The company is forecast to post earnings per share of NT$19.37 for next year compared to NT$19.67 last year.Board Change • Jun 15Less 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. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ouhyoung Ming was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Mar 10Price target decreased to NT$262Down from NT$285, the current price target is an average from 4 analysts. New target price is 21% above last closing price of NT$216. Stock is up 40% over the past year. The company is forecast to post earnings per share of NT$21.27 for next year compared to NT$19.67 last year.Major Estimate Revision • Mar 09Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$22.2b to NT$23.9b. EPS estimate increased from NT$18.73 to NT$21.27 per share. Net income forecast to grow 7.0% next year vs 3.7% growth forecast for Tech industry in Taiwan. Consensus price target of NT$262 unchanged from last update. Share price fell 14% to NT$206 over the past week.이익 및 매출 성장 예측TWSE:3515 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202779,9093,0566,673972212/31/202661,4172,5024,2132,80913/31/202650,7431,957718930N/A12/31/202547,8391,8881,0691,273N/A9/30/202543,3351,8011,4082,724N/A6/30/202537,9561,5683,0374,325N/A3/31/202531,1631,423-525688N/A12/31/202425,6541,289-311906N/A9/30/202422,0521,2041,3461,392N/A6/30/202420,6881,208466523N/A3/31/202419,5501,1022,6452,704N/A12/31/202318,9929192,5902,636N/A9/30/202318,2836153,4193,452N/A6/30/202316,9474863,8193,846N/A3/31/202316,4785772,2722,353N/A12/31/202217,1211,0661,0441,141N/A9/30/202217,8591,724-771-663N/A6/30/202218,3641,949-2,143-2,037N/A3/31/202220,1252,496-435-378N/A12/31/202119,7632,3819711,024N/A9/30/202118,5242,057691741N/A6/30/202119,6522,1402,0402,096N/A3/31/202118,9911,6761,1881,242N/A12/31/202017,9121,3631,3081,352N/A9/30/202017,3761,2001,7111,758N/A6/30/202016,0449201,6971,731N/A3/31/202014,1886871,4531,481N/A12/31/201913,415597N/A1,346N/A9/30/201912,302502N/A1,363N/A6/30/201910,867438N/A-98N/A3/31/201910,380502N/A-1,093N/A12/31/201810,193593N/A-1,339N/A9/30/20189,900613N/A-1,741N/A6/30/20189,887645N/A-889N/A3/31/20189,890563N/A53N/A12/31/20179,212469N/A405N/A9/30/20178,669360N/A369N/A6/30/20178,001243N/A825N/A3/31/20177,243178N/A659N/A12/31/20167,121160N/A541N/A9/30/20167,217208N/A707N/A6/30/20167,340212N/A386N/A3/31/20167,219229N/A889N/A12/31/20157,217241N/A1,305N/A9/30/20157,120299N/A1,063N/A6/30/20157,575386N/A644N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 3515 의 연간 예상 수익 증가율(24.9%)이 saving rate(1.3%)보다 높습니다.수익 vs 시장: 3515 의 연간 수익(24.9%)이 TW 시장(25.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 3515 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 3515 의 수익(연간 26.1%)이 TW 시장(연간 18.6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 3515 의 수익(연간 26.1%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 3515의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/13 16:09종가2026/06/12 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 소스ASROCK Incorporation는 4명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Alex A YuKGI Securities Co. Ltd.Jason WangMasterlink Securities Investment AdvisoryHsiming HuangSinoPac Securities Investment Service1명의 분석가 더 보기
Price Target Changed • Mar 09Price target decreased by 9.4% to NT$301Down from NT$333, the current price target is an average from 4 analysts. New target price is 42% above last closing price of NT$212. Stock is down 5.2% over the past year. The company is forecast to post earnings per share of NT$20.29 for next year compared to NT$15.28 last year.
Price Target Changed • Oct 23Price target increased by 12% to NT$323Up from NT$289, the current price target is an average from 4 analysts. New target price is 7.8% above last closing price of NT$300. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$15.17 for next year compared to NT$10.54 last year.
Price Target Changed • Jul 03Price target increased by 8.7% to NT$278Up from NT$256, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$285. Stock is up 24% over the past year. The company is forecast to post earnings per share of NT$16.01 for next year compared to NT$10.54 last year.
Major Estimate Revision • Jun 13Consensus revenue estimates increase by 33%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$39.8b to NT$53.0b. EPS estimate increased from NT$13.84 to NT$17.12 per share. Net income forecast to grow 51% next year vs 16% growth forecast for Tech industry in Taiwan. Consensus price target of NT$256 unchanged from last update. Share price rose 3.5% to NT$223 over the past week.
Major Estimate Revision • Mar 14Consensus revenue estimates increase by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from NT$34.5b to NT$39.7b. EPS estimate unchanged at NT$13.99. Net income forecast to grow 34% next year vs 27% growth forecast for Tech industry in Taiwan. Consensus price target down from NT$280 to NT$256. Share price fell 7.3% to NT$208 over the past week.
Price Target Changed • Dec 12Price target increased by 7.2% to NT$273Up from NT$255, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$242. Stock is up 6.4% over the past year. The company is forecast to post earnings per share of NT$11.08 for next year compared to NT$7.54 last year.
Declared Dividend • May 08Dividend increased to NT$11.00Dividend of NT$11.00 is 108% higher than last year. Ex-date: 1st July 2026 Payment date: 22nd July 2026 Dividend yield will be 4.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (189% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 07First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: NT$4.00 (up from NT$3.58 in 1Q 2025). Revenue: NT$13.4b (up 28% from 1Q 2025). Net income: NT$511.9m (up 16% from 1Q 2025). Profit margin: 3.8% (down from 4.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 6.1%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Mar 09Price target decreased by 9.4% to NT$301Down from NT$333, the current price target is an average from 4 analysts. New target price is 42% above last closing price of NT$212. Stock is down 5.2% over the past year. The company is forecast to post earnings per share of NT$20.29 for next year compared to NT$15.28 last year.
공시 • Mar 02ASROCK Incorporation, Annual General Meeting, May 27, 2026ASROCK Incorporation, Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,127, sec.7 chung shan n. rd., shihlin district, taipei city Taiwan
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$15.28 (vs NT$10.54 in FY 2024)Full year 2025 results: EPS: NT$15.28 (up from NT$10.54 in FY 2024). Revenue: NT$47.8b (up 87% from FY 2024). Net income: NT$1.89b (up 47% from FY 2024). Profit margin: 3.9% (down from 5.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Dec 12Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to NT$253. The fair value is estimated to be NT$320, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 87% in 2 years. Earnings are forecast to grow by 84% in the next 2 years.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: NT$4.36 (vs NT$2.49 in 3Q 2024)Third quarter 2025 results: EPS: NT$4.36 (up from NT$2.49 in 3Q 2024). Revenue: NT$11.6b (up 86% from 3Q 2024). Net income: NT$538.1m (up 76% from 3Q 2024). Profit margin: 4.6% (down from 4.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in Taiwan. 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 44% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$336, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Tech industry in Taiwan. Total returns to shareholders of 263% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$181 per share.
Price Target Changed • Oct 23Price target increased by 12% to NT$323Up from NT$289, the current price target is an average from 4 analysts. New target price is 7.8% above last closing price of NT$300. Stock is up 44% over the past year. The company is forecast to post earnings per share of NT$15.17 for next year compared to NT$10.54 last year.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improves as stock rises 20%After last week's 20% share price gain to NT$318, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 221% over the past three years.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$298, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 245% over the past three years.
Reported Earnings • Jul 31Second quarter 2025 earnings released: EPS: NT$3.31 (vs NT$2.17 in 2Q 2024)Second quarter 2025 results: EPS: NT$3.31 (up from NT$2.17 in 2Q 2024). Revenue: NT$12.0b (up 130% from 2Q 2024). Net income: NT$409.7m (up 55% from 2Q 2024). Profit margin: 3.4% (down from 5.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 04New major risk - Revenue and earnings growthEarnings have declined by 6.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.2% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change).
Price Target Changed • Jul 03Price target increased by 8.7% to NT$278Up from NT$256, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of NT$285. Stock is up 24% over the past year. The company is forecast to post earnings per share of NT$16.01 for next year compared to NT$10.54 last year.
New Risk • Jun 30New 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 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change).
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$274, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 224% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$159 per share.
Upcoming Dividend • Jun 19Upcoming dividend of NT$5.30 per shareEligible shareholders must have bought the stock before 26 June 2025. Payment date: 22 July 2025. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.7%).
Major Estimate Revision • Jun 13Consensus revenue estimates increase by 33%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from NT$39.8b to NT$53.0b. EPS estimate increased from NT$13.84 to NT$17.12 per share. Net income forecast to grow 51% next year vs 16% growth forecast for Tech industry in Taiwan. Consensus price target of NT$256 unchanged from last update. Share price rose 3.5% to NT$223 over the past week.
New Risk • May 14New 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 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change).
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to NT$200, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 57% over the past three years.
Declared Dividend • May 02Dividend reduced to NT$5.30Dividend of NT$5.30 is 23% lower than last year. Ex-date: 26th June 2025 Payment date: 22nd July 2025 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 8.6% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: NT$3.58 (up from NT$2.53 in 1Q 2024). Revenue: NT$10.5b (up 111% from 1Q 2024). Net income: NT$442.2m (up 44% from 1Q 2024). Profit margin: 4.2% (down from 6.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
공시 • Apr 23ASROCK Incorporation to Report Q1, 2025 Results on Apr 30, 2025ASROCK Incorporation announced that they will report Q1, 2025 results at 9:00 AM, Taipei Standard Time on Apr 30, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to NT$155, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 7.6% over the past three years.
분석 기사 • Mar 31Positive Sentiment Still Eludes ASROCK Incorporation (TWSE:3515) Following 26% Share Price SlumpASROCK Incorporation ( TWSE:3515 ) shares have had a horrible month, losing 26% after a relatively good period...
분석 기사 • Mar 20There May Be Underlying Issues With The Quality Of ASROCK Incorporation's (TWSE:3515) EarningsDespite announcing strong earnings, ASROCK Incorporation's ( TWSE:3515 ) stock was sluggish. We did some digging and...
New Risk • Mar 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).
Reported Earnings • Mar 19Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: NT$10.54 (up from NT$7.54 in FY 2023). Revenue: NT$25.7b (up 35% from FY 2023). Net income: NT$1.29b (up 40% from FY 2023). Profit margin: 5.0% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Major Estimate Revision • Mar 14Consensus revenue estimates increase by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from NT$34.5b to NT$39.7b. EPS estimate unchanged at NT$13.99. Net income forecast to grow 34% next year vs 27% growth forecast for Tech industry in Taiwan. Consensus price target down from NT$280 to NT$256. Share price fell 7.3% to NT$208 over the past week.
공시 • Mar 06ASROCK Incorporation, Annual General Meeting, May 28, 2025ASROCK Incorporation, Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,127, sec.7 chung shan n. rd., shihlin district, taipei city Taiwan
분석 기사 • Mar 05ASROCK Incorporation's (TWSE:3515) Returns On Capital Are Heading HigherWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
공시 • Feb 22ASROCK Incorporation to Report Fiscal Year 2024 Results on Mar 04, 2025ASROCK Incorporation announced that they will report fiscal year 2024 results on Mar 04, 2025
공시 • Jan 16An undisclosed buyer agreed to acquire 2.48% stake in ASRock Rack Incorporation (TPEX:7711) from ASROCK Incorporation (TWSE:3515) for approximately TWD 350 million.An undisclosed buyer agreed to acquire 2.48% stake in ASRock Rack Incorporation (TPEX:7711) from ASROCK Incorporation (TWSE:3515) for approximately TWD 350 million on November 27, 2024. A cash consideration of TWD 351.23 million valued at TWD 234 per share will be paid by the buyer. As part of consideration, TWD 351.23 million is paid towards common equity of ASRock Rack Incorporation. The deal has been approved by board of ASROCK Incorporation.
New Risk • Jan 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (6.1% average weekly change).
Price Target Changed • Dec 12Price target increased by 7.2% to NT$273Up from NT$255, the current price target is an average from 3 analysts. New target price is 13% above last closing price of NT$242. Stock is up 6.4% over the past year. The company is forecast to post earnings per share of NT$11.08 for next year compared to NT$7.54 last year.
분석 기사 • Dec 12News Flash: Analysts Just Made A Notable Upgrade To Their ASROCK Incorporation (TWSE:3515) ForecastsASROCK Incorporation ( TWSE:3515 ) shareholders will have a reason to smile today, with the analysts making substantial...
분석 기사 • Nov 25ASROCK Incorporation (TWSE:3515) Might Have The Makings Of A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
New Risk • Nov 21New 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 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 (6.3% average weekly change).
Reported Earnings • Nov 05Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: NT$2.50 (down from NT$2.53 in 3Q 2023). Revenue: NT$6.27b (up 28% from 3Q 2023). Net income: NT$305.0m (down 1.2% from 3Q 2023). Profit margin: 4.9% (down from 6.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
공시 • Oct 23ASROCK Incorporation to Report Q3, 2024 Results on Oct 30, 2024ASROCK Incorporation announced that they will report Q3, 2024 results on Oct 30, 2024
Buy Or Sell Opportunity • Aug 26Now 26% overvaluedOver the last 90 days, the stock has fallen 6.3% to NT$215. The fair value is estimated to be NT$171, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 18% in the next year.
Reported Earnings • Aug 13Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: NT$2.17 (up from NT$1.30 in 2Q 2023). Revenue: NT$5.22b (up 28% from 2Q 2023). Net income: NT$264.2m (up 67% from 2Q 2023). Profit margin: 5.1% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
분석 기사 • Aug 07ASROCK Incorporation (TWSE:3515) Might Have The Makings Of A Multi-BaggerWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
Buy Or Sell Opportunity • Aug 01Now 24% overvaluedOver the last 90 days, the stock has fallen 3.2% to NT$213. The fair value is estimated to be NT$171, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 17% in a year. Earnings are forecast to grow by 24% in the next year.
공시 • Jul 25ASROCK Incorporation to Report Q2, 2024 Results on Jul 31, 2024ASROCK Incorporation announced that they will report Q2, 2024 results on Jul 31, 2024
분석 기사 • Jun 16ASROCK Incorporation (TWSE:3515) Will Pay A Smaller Dividend Than Last YearASROCK Incorporation's ( TWSE:3515 ) dividend is being reduced from last year's payment covering the same period to...
Upcoming Dividend • Jun 12Upcoming dividend of NT$6.90 per shareEligible shareholders must have bought the stock before 19 June 2024. Payment date: 22 July 2024. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (4.3%). In line with average of industry peers (3.0%).
분석 기사 • May 31ASROCK Incorporation's (TWSE:3515) Shareholders Will Receive A Smaller Dividend Than Last YearASROCK Incorporation ( TWSE:3515 ) has announced that on 22nd of July, it will be paying a dividend ofNT$6.90, which a...
공시 • May 31+ 2 more updatesASROCK Incorporation Announces Election of Directors on Behalf of ASRock IncASROCK Incorporation announced Election of Directors on Behalf of ASRock Inc. Title and name of the previous position holder: Independent Director:Ai, Wei, Independent Director:Chin-Jung, Wu . Resume of the previous position holder: Independent Director:Ai, Wei (Director,Cross-Strait Economic and Political Research Center, College of International Affairs, National Cheng-Chi University), Independent Director:Chin-Jung, Wu (CEO, Explore Microelectronics Inc.). Title and name of the new position holder: Independent Director:Tan-Hsu, Tan, Independent Director:Yen-Hsuen, Su. Resume of the new position holder: Independent Director:Tan-Hsu, Tan (Professor, Innovation Frontier Institute of Research for Science and Technology, National Taipei University of Technology), Independent Director:Yen-Hsuen, Su (Institutional Representative, SPOTFILMS CO., LTD.). Reason for the change: term expired and Re-election of Board of Directors. Effective date of the new member is May 29, 2024. Original term is from August 20, 2021 to August 19, 2024.
공시 • May 30ASROCK Incorporation Announces Board ChangesASROCK Incorporation at its AGM held on May 29, 2024 elected Director: Hsu-Tien Tung and Independent Directors: Tan-Hsu Tan, and Yen-Hsuen Su.
Reported Earnings • May 11First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: NT$2.53 (up from NT$1.03 in 1Q 2023). Revenue: NT$4.95b (up 13% from 1Q 2023). Net income: NT$308.1m (up 146% from 1Q 2023). Profit margin: 6.2% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
분석 기사 • May 05ASROCK Incorporation (TWSE:3515) Will Pay A Smaller Dividend Than Last YearASROCK Incorporation's ( TWSE:3515 ) dividend is being reduced from last year's payment covering the same period to...
Declared Dividend • May 04Dividend reduced to NT$6.90Dividend of NT$6.90 is 14% lower than last year. Ex-date: 19th June 2024 Payment date: 22nd July 2024 Dividend yield will be 3.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1.7% to bring the payout ratio under control. EPS is expected to grow by 53% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
공시 • May 03ASROCK Incorporation Proposes Dividend, Payable on July 22, 2024ASROCK Incorporation proposed common stock dividend distribution: TWD 839,286,531 (TWD 6.9 per share). Ex-rights (ex-dividend) trading date: June 19, 2024. Ex-rights (ex-dividend) record date: June 25, 2024. Payment date of common stock cash dividend distribution: July 22, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is May 2, 2024.
공시 • Apr 26ASROCK Incorporation to Report Q1, 2024 Results on May 02, 2024ASROCK Incorporation announced that they will report Q1, 2024 results on May 02, 2024
분석 기사 • Apr 18Is It Too Late To Consider Buying ASROCK Incorporation (TWSE:3515)?While ASROCK Incorporation ( TWSE:3515 ) might not have the largest market cap around , it saw significant share price...
분석 기사 • Apr 01ASROCK Incorporation (TWSE:3515) Has Some Way To Go To Become A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
분석 기사 • Mar 13Some May Be Optimistic About ASROCK Incorporation's (TWSE:3515) EarningsThe most recent earnings report from ASROCK Incorporation ( TWSE:3515 ) was disappointing for shareholders. However...
Reported Earnings • Mar 10Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$7.54 (down from NT$8.69 in FY 2022). Revenue: NT$19.0b (up 11% from FY 2022). Net income: NT$919.0m (down 14% from FY 2022). Profit margin: 4.8% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
공시 • Mar 07ASROCK Incorporation, Annual General Meeting, May 29, 2024ASROCK Incorporation, Annual General Meeting, May 29, 2024. Location: Room 202 of MellowFields Co. Ltd. (No.127, Sec. 7, Zhongshan N. Rd., Shilin Dist., Taipei City 111, Taiwan) Taipei City Taiwan Agenda: To consider 2023 Business Report; Audit Committee's Review Report on the 2023 Financial Statements; 2023 Employees' and Directors' Remuneration Report; 2023 Earnings Distribution Report for Cash Dividend; Amendment to the Rules of Procedure for the Board of Directors Meetings; and to discuss other matters.
분석 기사 • Mar 05Why Investors Shouldn't Be Surprised By ASROCK Incorporation's (TWSE:3515) 29% Share Price SurgeASROCK Incorporation ( TWSE:3515 ) shares have continued their recent momentum with a 29% gain in the last month alone...
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$279, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Tech industry in Taiwan. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$120 per share.
New Risk • Mar 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risks Dividend is not well covered by earnings (159% payout ratio). Profit margins are more than 30% lower than last year (3.4% net profit margin).
Major Estimate Revision • Dec 18Consensus EPS estimates increase by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from NT$18.4b to NT$19.2b. EPS estimate increased from NT$6.99 to NT$7.70 per share. Net income forecast to grow 109% next year vs 26% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$214 to NT$235. Share price rose 5.8% to NT$246 over the past week.
Reported Earnings • Nov 03Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: NT$2.53 (up from NT$1.46 in 3Q 2022). Revenue: NT$4.90b (up 38% from 3Q 2022). Net income: NT$308.9m (up 72% from 3Q 2022). Profit margin: 6.3% (up from 5.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Price Target Changed • Sep 26Price target increased by 12% to NT$236Up from NT$210, the current price target is an average from 3 analysts. New target price is 12% above last closing price of NT$211. Stock is up 140% over the past year. The company posted earnings per share of NT$8.69 last year.
Major Estimate Revision • Sep 19Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from NT$18.7b to NT$19.0b. EPS estimate increased from NT$5.82 to NT$6.67 per share. Net income forecast to grow 112% next year vs 9.3% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$210 to NT$224. Share price fell 3.4% to NT$201 over the past week.
Major Estimate Revision • Aug 10Consensus EPS estimates fall by 26%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from NT$18.5b to NT$18.7b. EPS estimate fell from NT$7.87 to NT$5.82 per share. Net income forecast to grow 129% next year vs 9.4% growth forecast for Tech industry in Taiwan. Consensus price target up from NT$200 to NT$210. Share price was steady at NT$233 over the past week.
공시 • Aug 09ASROCK Incorporation Appoints Hung, Pei-Ya as Financial OfficerASROCK Incorporation announced the new replacement of financial officer. Name, title, and resume of the new position holder: Spokesperson: Hung, Pei-ya, Director, Finance Department. Effective date: August 8, 2023.
Reported Earnings • Aug 05Second quarter 2023 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2023 results: EPS: NT$1.30 (down from NT$2.02 in 2Q 2022). Revenue: NT$4.09b (up 13% from 2Q 2022). Net income: NT$158.0m (down 37% from 2Q 2022). Profit margin: 3.9% (down from 6.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$258, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 90% over the past three years.
공시 • Jul 12ASROCK Incorporation Announces Cash DividendASROCK Incorporation announced change of cash dividend yield from TWD 59,013,648, TWD 1.1412 per share to TWD 59,013,648, TWD 1.0942 per share due to total outstanding shares have been affected as the exercising of employee stock option.
Major Estimate Revision • Jun 13Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from NT$6.71 to NT$7.76. Revenue forecast unchanged at NT$18.5b. Net income forecast to grow 73% next year vs 2.1% growth forecast for Tech industry in Taiwan. Consensus price target of NT$165 unchanged from last update. Share price rose 36% to NT$227 over the past week.
Upcoming Dividend • Jun 13Upcoming dividend of NT$8.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 20 June 2023. Payment date: 25 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).
Price Target Changed • Jun 09Price target increased by 13% to NT$138Up from NT$122, the current price target is an average from 4 analysts. New target price is 31% below last closing price of NT$201. Stock is up 34% over the past year. The company is forecast to post earnings per share of NT$7.05 for next year compared to NT$8.69 last year.
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$183, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 50% over the past three years.
Major Estimate Revision • May 04Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$19.7b to NT$18.3b. EPS estimate also fell from NT$8.96 per share to NT$8.07 per share. Net income forecast to shrink 38% next year vs 1.5% decline forecast for Tech industry in Taiwan. Consensus price target down from NT$122 to NT$118. Share price was steady at NT$132 over the past week.
Reported Earnings • Mar 12Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: NT$8.69 (down from NT$19.67 in FY 2021). Revenue: NT$17.1b (down 13% from FY 2021). Net income: NT$1.07b (down 55% from FY 2021). Profit margin: 6.2% (down from 12% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 18% 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 21% share price gain to NT$151, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$148 per share.
Buying Opportunity • Nov 23Now 23% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be NT$158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to decline by 23% in the next 2 years.
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improved over the past weekAfter last week's 24% share price gain to NT$130, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Tech industry in Taiwan. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$157 per share.
Price Target Changed • Nov 17Price target increased to NT$99.00Up from NT$89.00, the current price target is an average from 2 analysts. New target price is 20% below last closing price of NT$125. Stock is down 50% over the past year. The company is forecast to post earnings per share of NT$10.23 for next year compared to NT$19.67 last year.
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. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ouhyoung Ming was the last independent director to join the board, commencing their role in 2019. 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 03Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: NT$1.46 (down from NT$3.36 in 3Q 2021). Revenue: NT$3.57b (down 12% from 3Q 2021). Net income: NT$179.5m (down 56% from 3Q 2021). Profit margin: 5.0% (down from 10.0% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 9.0%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Tech industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Oct 08Price target decreased to NT$88.00Down from NT$147, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of NT$88.80. Stock is down 45% over the past year. The company is forecast to post earnings per share of NT$10.06 for next year compared to NT$19.67 last year.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$107, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Tech industry in Taiwan. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$195 per share.
Price Target Changed • Aug 14Price target decreased to NT$147Down from NT$173, the current price target is an average from 2 analysts. New target price is 53% above last closing price of NT$95.90. Stock is down 31% over the past year. The company is forecast to post earnings per share of NT$9.94 for next year compared to NT$19.67 last year.
Major Estimate Revision • Aug 12Consensus revenue estimates fall by 14%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$18.9b to NT$16.2b. EPS estimate fell from NT$13.36 to NT$9.10 per share. Net income forecast to shrink 33% next year vs 3.8% decline forecast for Tech industry in Taiwan. Consensus price target down from NT$173 to NT$165. Share price fell 2.4% to NT$95.90 over the past week.
Reported Earnings • Aug 08Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: NT$2.02 (down from NT$6.60 in 2Q 2021). Revenue: NT$3.62b (down 33% from 2Q 2021). Net income: NT$248.8m (down 69% from 2Q 2021). Profit margin: 6.9% (down from 15% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 8.2%, compared to a 4.0% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 07Upcoming dividend of NT$13.00 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 12%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (7.9%).
Major Estimate Revision • Jun 17Consensus revenue estimates fall by 10%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from NT$22.0b to NT$19.7b. EPS estimate fell from NT$19.37 to NT$14.47 per share. Net income forecast to shrink 28% next year vs 3.0% decline forecast for Tech industry in Taiwan. Consensus price target down from NT$230 to NT$200. Share price fell 18% to NT$123 over the past week.
Price Target Changed • Jun 15Price target decreased to NT$230Down from NT$262, the current price target is an average from 3 analysts. New target price is 66% above last closing price of NT$139. Stock is down 23% over the past year. The company is forecast to post earnings per share of NT$19.37 for next year compared to NT$19.67 last year.
Board Change • Jun 15Less 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. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ouhyoung Ming was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Mar 10Price target decreased to NT$262Down from NT$285, the current price target is an average from 4 analysts. New target price is 21% above last closing price of NT$216. Stock is up 40% over the past year. The company is forecast to post earnings per share of NT$21.27 for next year compared to NT$19.67 last year.
Major Estimate Revision • Mar 09Consensus EPS estimates increase by 14%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$22.2b to NT$23.9b. EPS estimate increased from NT$18.73 to NT$21.27 per share. Net income forecast to grow 7.0% next year vs 3.7% growth forecast for Tech industry in Taiwan. Consensus price target of NT$262 unchanged from last update. Share price fell 14% to NT$206 over the past week.