View ValuationHiwin Mikrosystem 향후 성장Future 기준 점검 2/6Hiwin Mikrosystem의 수익이 증가할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률Electronic 이익 성장31.9%매출 성장률20.9%향후 자기자본이익률11.08%애널리스트 커버리지Low마지막 업데이트22 Apr 2026최근 향후 성장 업데이트Price Target Changed • Mar 12Price target decreased by 28% to NT$120Down from NT$166, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$124. Stock is down 14% over the past year. The company posted earnings per share of NT$2.01 last year.Price Target Changed • Apr 03Price target decreased by 11% to NT$134Down from NT$150, the current price target is provided by 1 analyst. New target price is 7.6% above last closing price of NT$125. Stock is up 40% over the past year. The company posted earnings per share of NT$0.51 last year.Price Target Changed • Jan 11Price target increased by 7.1% to NT$150Up from NT$140, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of NT$139. Stock is up 116% over the past year. The company posted earnings per share of NT$0.043 last year.모든 업데이트 보기Recent updatesNew Risk • Apr 08New 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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$138, the stock trades at a trailing P/E ratio of 68.3x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 82% over the past three years.Price Target Changed • Mar 12Price target decreased by 28% to NT$120Down from NT$166, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$124. Stock is down 14% over the past year. The company posted earnings per share of NT$2.01 last year.공지 • Mar 02Hiwin Mikrosystem Corporation, Annual General Meeting, May 26, 2026Hiwin Mikrosystem Corporation, Annual General Meeting, May 26, 2026. Location: 4 floor no,129, an huo rd., hsi tun district, taichung city TaiwanReported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$2.01 (vs NT$0.51 in FY 2024)Full year 2025 results: EPS: NT$2.01 (up from NT$0.51 in FY 2024). Revenue: NT$2.71b (up 20% from FY 2024). Net income: NT$241.3m (up 298% from FY 2024). Profit margin: 8.9% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$122, the stock trades at a trailing P/E ratio of 79.1x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 73% over the past three years.Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$0.60 (vs NT$0.20 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.60 (up from NT$0.20 in 3Q 2024). Revenue: NT$689.2m (up 15% from 3Q 2024). Net income: NT$72.1m (up 197% from 3Q 2024). Profit margin: 11% (up from 4.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.22 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.22 (down from NT$0.22 in 2Q 2024). Revenue: NT$682.1m (up 17% from 2Q 2024). Net income: NT$25.8m (down 3.3% from 2Q 2024). Profit margin: 3.8% (down from 4.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.New Risk • Jul 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 14% per year over the past 5 years.Upcoming Dividend • Jul 10Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.1%).Declared Dividend • May 29Dividend increased to NT$0.20Dividend of NT$0.20 is 100% higher than last year. Ex-date: 17th July 2025 Payment date: 15th August 2025 Dividend yield will be 0.2%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 21%.New Risk • May 13New 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 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 14% per year over the past 5 years.Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.19 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.44 (up from NT$0.19 loss in 1Q 2024). Revenue: NT$587.8m (up 30% from 1Q 2024). Net income: NT$53.1m (up NT$76.4m from 1Q 2024). Profit margin: 9.0% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.공지 • May 01Hiwin Mikrosystem Corporation to Report Q1, 2025 Results on May 09, 2025Hiwin Mikrosystem Corporation announced that they will report Q1, 2025 results on May 09, 2025Price Target Changed • Apr 03Price target decreased by 11% to NT$134Down from NT$150, the current price target is provided by 1 analyst. New target price is 7.6% above last closing price of NT$125. Stock is up 40% over the past year. The company posted earnings per share of NT$0.51 last year.분석 기사 • Mar 25Hiwin Mikrosystem (TWSE:4576) Might Have The Makings Of A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Mar 02Full year 2024 earnings released: EPS: NT$0.51 (vs NT$0.043 in FY 2023)Full year 2024 results: EPS: NT$0.51 (up from NT$0.043 in FY 2023). Revenue: NT$2.25b (up 3.8% from FY 2023). Net income: NT$60.7m (up NT$55.6m from FY 2023). Profit margin: 2.7% (up from 0.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.공지 • Feb 27Hiwin Mikrosystem Corporation, Annual General Meeting, May 27, 2025Hiwin Mikrosystem Corporation, Annual General Meeting, May 27, 2025. Location: 4 floor no,129, an huo rd., hsi tun district, taichung city Taiwan공지 • Feb 19Hiwin Mikrosystem Corporation to Report Fiscal Year 2024 Results on Feb 26, 2025Hiwin Mikrosystem Corporation announced that they will report fiscal year 2024 results on Feb 26, 2025Price Target Changed • Jan 11Price target increased by 7.1% to NT$150Up from NT$140, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of NT$139. Stock is up 116% over the past year. The company posted earnings per share of NT$0.043 last year.분석 기사 • Dec 25Revenues Not Telling The Story For Hiwin Mikrosystem Corporation (TWSE:4576) After Shares Rise 32%Hiwin Mikrosystem Corporation ( TWSE:4576 ) shares have continued their recent momentum with a 32% gain in the last...분석 기사 • Dec 11Hiwin Mikrosystem (TWSE:4576) Could Be Struggling To Allocate CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$0.20 (vs NT$0.14 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.20 (up from NT$0.14 in 3Q 2023). Revenue: NT$598.2m (up 18% from 3Q 2023). Net income: NT$24.3m (up 44% from 3Q 2023). Profit margin: 4.1% (up from 3.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.New Risk • Nov 17New major risk - Revenue and earnings growthEarnings have declined by 3.5% 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 Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 3.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin).분석 기사 • Nov 12Is Hiwin Mikrosystem (TWSE:4576) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Oct 17Optimistic Investors Push Hiwin Mikrosystem Corporation (TWSE:4576) Shares Up 32% But Growth Is LackingHiwin Mikrosystem Corporation ( TWSE:4576 ) shares have continued their recent momentum with a 32% gain in the last...New Risk • Oct 02New 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 9.3% 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 (9.3% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin).분석 기사 • Aug 19Optimistic Investors Push Hiwin Mikrosystem Corporation (TWSE:4576) Shares Up 25% But Growth Is LackingDespite an already strong run, Hiwin Mikrosystem Corporation ( TWSE:4576 ) shares have been powering on, with a gain of...Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.15 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.22 (up from NT$0.15 loss in 2Q 2023). Revenue: NT$582.5m (up 3.7% from 2Q 2023). Net income: NT$26.7m (up NT$45.0m from 2Q 2023). Profit margin: 4.6% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.공지 • Aug 15+ 1 more updateHiwin Mikrosystem Corporation Appoints Eric Y. T. Chuo as Co-CEOHiwin Mikrosystem Corporation appointed Eric Y. T. Chuo/Director of HIWIN MIKROSYSTEM CORP. as Co-CEO, effective August 13, 2024.분석 기사 • Aug 09We Think Hiwin Mikrosystem (TWSE:4576) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...공지 • Aug 06Hiwin Mikrosystem Corporation to Report Q2, 2024 Results on Aug 13, 2024Hiwin Mikrosystem Corporation announced that they will report Q2, 2024 results on Aug 13, 2024New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Upcoming Dividend • Jul 10Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 08 August 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.5%).New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% 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. This is currently the only risk that has been identified for the company.Declared Dividend • Jun 01Dividend of NT$0.10 announcedShareholders will receive a dividend of NT$0.10. Ex-date: 17th July 2024 Payment date: 8th August 2024 Dividend yield will be 0.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.9% per year over the past 5 years. However, payments have been volatile during that time.공지 • Jun 01+ 3 more updatesHiwin Mikrosystem Corporation Resolves to Appoint Members of the Third Term of Audit CommitteeHiwin Mikrosystem Corporation's Board of Directors resolved to appoint members of the third term of Audit Committee. Resume of the previous position holder: Chia-Heng Ku Independent director of HIWIN MIKROSYSTEM CORP; Hsueh-Pin Chang Independent director of HIWIN MIKROSYSTEM CORP; Chung-Jen Chen Independent director of HIWIN MIKROSYSTEM CORP. Resume of the new position holder: Hsueh-Pin Chang Independent director of HIWIN MIKROSYSTEM CORP; Chung-Jen Chen Independent director of HIWIN MIKROSYSTEM CORP; Chien-Yu Lo Independent director of HIWIN MIKROSYSTEM CORP. Effective date of the new member is May 30, 2024.공지 • May 31+ 1 more updateHiwin Mikrosystem Corporation Approves Cash Dividend, Payable on August 8, 2024Hiwin Mikrosystem Corporation announced at shareholders meeting held on May 30, 2024, the shareholders approved cash dividend of TWD 11,980,185. Ex-rights (ex-dividend) trading date is July 17, 2024. Ex-rights (ex-dividend) record date is July 23, 2024. Payment date of cash dividend distribution is August 08, 2023.Reported Earnings • May 12First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.048 profit in 1Q 2023)First quarter 2024 results: NT$0.19 loss per share (down from NT$0.048 profit in 1Q 2023). Revenue: NT$453.9m (down 18% from 1Q 2023). Net loss: NT$23.3m (down NT$29.1m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.공지 • May 02Hiwin Mikrosystem Corporation to Report Q1, 2024 Results on May 10, 2024Hiwin Mikrosystem Corporation announced that they will report Q1, 2024 results on May 10, 2024분석 기사 • Apr 15There Are Reasons To Feel Uneasy About Hiwin Mikrosystem's (TWSE:4576) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...New Risk • Mar 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin).분석 기사 • Mar 27There's Reason For Concern Over Hiwin Mikrosystem Corporation's (TWSE:4576) Massive 28% Price JumpHiwin Mikrosystem Corporation ( TWSE:4576 ) shareholders have had their patience rewarded with a 28% share price jump...Reported Earnings • Feb 29Full year 2023 earnings released: EPS: NT$0.04 (vs NT$2.73 in FY 2022)Full year 2023 results: EPS: NT$0.04 (down from NT$2.73 in FY 2022). Revenue: NT$2.17b (down 33% from FY 2022). Net income: NT$5.10m (down 98% from FY 2022). Profit margin: 0.2% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year.공지 • Feb 28Hiwin Mikrosystem Corporation, Annual General Meeting, May 30, 2024Hiwin Mikrosystem Corporation, Annual General Meeting, May 30, 2024. Location: 4F., No.129, Anhe Rd.,Xitun Dist. Taichung City Taiwan Agenda: To consider the 2023 Business Report; to consider the 2023 Audit Committee’s Review Report; to consider the remuneration distribution of directors and employees for Year 2023; to consider the cause for convening the meeting Acknowledged matters: 2023 Business Report and Financial Statements; Proposal for Distribution of 2023 Profits; to discuss amendments to the Rules of Procedure for Shareholders Meetings; to consider the election of Directors; and to consider the other resolutions.New Risk • Jul 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.3% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.Upcoming Dividend • Jul 12Upcoming dividend of NT$1.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).공지 • Jul 01Hiwin Mikrosystem Corporation Approves Cash Dividend, Payable on August 10, 2023Hiwin Mikrosystem Corporation announced at shareholders meeting held on June 30, 2023, the shareholders approved cash dividend of TWD 119,801,848. Ex-rights (ex-dividend) trading date is July 19, 2023. Ex-rights (ex-dividend) record date is July 25, 2023. Payment date of cash dividend distribution is August 10, 2023.Reported Earnings • Feb 26Full year 2022 earnings released: EPS: NT$2.73 (vs NT$2.48 in FY 2021)Full year 2022 results: EPS: NT$2.73 (up from NT$2.48 in FY 2021). Revenue: NT$3.23b (up 1.4% from FY 2021). Net income: NT$326.9m (up 10% from FY 2021). Profit margin: 10% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chia-Heng Ku was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$0.55 (vs NT$0.81 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.55 (down from NT$0.81 in 3Q 2021). Revenue: NT$795.8m (down 5.3% from 3Q 2021). Net income: NT$66.3m (down 31% from 3Q 2021). Profit margin: 8.3% (down from 12% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$62.80, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 18% over the past three years.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.80 (vs NT$0.57 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.80 (up from NT$0.57 in 2Q 2021). Revenue: NT$861.1m (up 8.4% from 2Q 2021). Net income: NT$95.3m (up 39% from 2Q 2021). Profit margin: 11% (up from 8.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 13Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 20 July 2022. Payment date: 11 August 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (5.0%).Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.99 (vs NT$0.48 in 1Q 2021)First quarter 2022 results: EPS: NT$0.99 (up from NT$0.48 in 1Q 2021). Revenue: NT$856.4m (up 23% from 1Q 2021). Net income: NT$118.4m (up 106% from 1Q 2021). Profit margin: 14% (up from 8.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chia-Heng Ku was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$2.48 (up from NT$1.13 in FY 2020). Revenue: NT$3.18b (up 30% from FY 2020). Net income: NT$297.1m (up 120% from FY 2020). Profit margin: 9.3% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공지 • Feb 26Hiwin Mikrosystem Corp., Annual General Meeting, May 31, 2022Hiwin Mikrosystem Corp., Annual General Meeting, May 31, 2022. Location: 4F, No.129, Anhe Rd,Xitun District Taichung Taiwan Agenda: To report the business of 2021; to consider Audit Committee's review report of 2021; to report 2021 employees' profit sharing and directors' compensation; to report 2021 cash dividends through earnings distribution; to accept 2021 Business Report and Financial Statements; to ratify 2021 earnings distribution; to discuss amendments to Articles of Incorporation; to discuss amendments to Procedures for Asset Acquisition & Disposal; and to release the directors from non-competition restrictions.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.81 (vs NT$0.32 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$840.1m (up 37% from 3Q 2020). Net income: NT$96.5m (up 155% from 3Q 2020). Profit margin: 12% (up from 6.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Upcoming Dividend • Aug 13Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 20 August 2021. Payment date: 14 September 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (3.1%).Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.58 (vs NT$0.28 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$794.3m (up 25% from 2Q 2020). Net income: NT$68.6m (up 108% from 2Q 2020). Profit margin: 8.6% (up from 5.2% in 2Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$695.0m (up 25% from 1Q 2020). Net income: NT$57.4m (up 356% from 1Q 2020). Profit margin: 8.3% (up from 2.3% in 1Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • Mar 23Full year 2020 earnings released: EPS NT$1.14 (vs NT$0.31 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.45b (up 20% from FY 2019). Net income: NT$135.2m (up 288% from FY 2019). Profit margin: 5.5% (up from 1.7% in FY 2019). The increase in margin was driven by higher revenue.분석 기사 • Mar 21These 4 Measures Indicate That Hiwin Mikrosystem (TPE:4576) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Feb 22Hiwin Mikrosystem Corp.'s (TPE:4576) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Most readers would already be aware that Hiwin Mikrosystem's (TPE:4576) stock increased significantly by 127% over the...Is New 90 Day High Low • Feb 17New 90-day high: NT$146The company is up 91% from its price of NT$76.20 on 19 November 2020. The Taiwanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period.분석 기사 • Jan 25Does Hiwin Mikrosystem (TPE:4576) Have The Makings Of A Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...Is New 90 Day High Low • Jan 21New 90-day high: NT$98.80The company is up 26% from its price of NT$78.20 on 23 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 22% over the same period.분석 기사 • Dec 28Does Hiwin Mikrosystem's (TPE:4576) Share Price Gain of 11% Match Its Business Performance?We believe investing is smart because history shows that stock markets go higher in the long term. But not every stock...Is New 90 Day High Low • Dec 16New 90-day high: NT$93.50The company is up 21% from its price of NT$77.50 on 17 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period.분석 기사 • Nov 30Is Hiwin Mikrosystem (TPE:4576) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is New 90 Day High Low • Nov 30New 90-day high: NT$80.90The company is up 4.0% from its price of NT$77.50 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period.Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS NT$0.32The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$615.3m (up 31% from 3Q 2019). Net income: NT$37.8m (up NT$44.7m from 3Q 2019). Profit margin: 6.1% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue.Is New 90 Day High Low • Oct 14New 90-day low: NT$71.60The company is down 12% from its price of NT$81.41 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period.Is New 90 Day High Low • Sep 22New 90-day low: NT$75.60The company is down 5.0% from its price of NT$79.92 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period.이익 및 매출 성장 예측TWSE:4576 - 애널리스트 향후 추정치 및 과거 재무 데이터 (TWD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20274,155N/AN/A916212/31/20263,480N/AN/A546212/31/20252,714241353443N/A9/30/20252,578184240389N/A6/30/20252,487136137394N/A3/31/20252,388137112538N/A12/31/20242,25461-47513N/A9/30/20242,18328-128484N/A6/30/20242,09321-227348N/A3/31/20242,072-24-225259N/A12/31/20232,1705-82221N/A9/30/20232,33751123320N/A6/30/20232,625101228359N/A3/31/20232,924214331388N/A12/31/20223,228327340410N/A9/30/20223,368355427496N/A6/30/20223,413385462549N/A3/31/20223,346358466563N/A12/31/20213,184297481569N/A9/30/20212,971274432517N/A6/30/20212,746216383447N/A3/31/20212,590180294392N/A12/31/20202,452135191343N/A9/30/20202,3048249260N/A6/30/20202,16137-551210N/A3/31/20202,12646-496305N/A12/31/20192,04135-790244N/A9/30/20192,14277N/A225N/A6/30/20192,427146N/A162N/A3/31/20192,616185N/A-21N/A12/31/20182,809240N/A45N/A9/30/20182,869242N/A44N/A6/30/20182,766222N/A170N/A3/31/20182,524159N/A172N/A12/31/20172,406119N/A165N/A12/31/20161,70716N/A239N/A12/31/20151,75651N/A41N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 4576 의 예상 수익 증가율이 절약률(1.3%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: 4576 의 수익이 TW 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: 4576 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: 4576 의 수익(연간 20.9%)이 TW 시장(연간 18.2%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 4576 의 수익(연간 20.9%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 4576의 자본 수익률은 3년 후 11.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/08 12:30종가2026/05/08 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Hiwin Mikrosystem Corporation는 3명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Changrong ChenCapital Securities Corporationnull nullCapital Securities CorporationIris LinSinoPac Securities Investment Service
Price Target Changed • Mar 12Price target decreased by 28% to NT$120Down from NT$166, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$124. Stock is down 14% over the past year. The company posted earnings per share of NT$2.01 last year.
Price Target Changed • Apr 03Price target decreased by 11% to NT$134Down from NT$150, the current price target is provided by 1 analyst. New target price is 7.6% above last closing price of NT$125. Stock is up 40% over the past year. The company posted earnings per share of NT$0.51 last year.
Price Target Changed • Jan 11Price target increased by 7.1% to NT$150Up from NT$140, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of NT$139. Stock is up 116% over the past year. The company posted earnings per share of NT$0.043 last year.
New Risk • Apr 08New 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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$138, the stock trades at a trailing P/E ratio of 68.3x. Average forward P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 82% over the past three years.
Price Target Changed • Mar 12Price target decreased by 28% to NT$120Down from NT$166, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of NT$124. Stock is down 14% over the past year. The company posted earnings per share of NT$2.01 last year.
공지 • Mar 02Hiwin Mikrosystem Corporation, Annual General Meeting, May 26, 2026Hiwin Mikrosystem Corporation, Annual General Meeting, May 26, 2026. Location: 4 floor no,129, an huo rd., hsi tun district, taichung city Taiwan
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: NT$2.01 (vs NT$0.51 in FY 2024)Full year 2025 results: EPS: NT$2.01 (up from NT$0.51 in FY 2024). Revenue: NT$2.71b (up 20% from FY 2024). Net income: NT$241.3m (up 298% from FY 2024). Profit margin: 8.9% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$122, the stock trades at a trailing P/E ratio of 79.1x. Average forward P/E is 18x in the Electronic industry in Taiwan. Total returns to shareholders of 73% over the past three years.
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: NT$0.60 (vs NT$0.20 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.60 (up from NT$0.20 in 3Q 2024). Revenue: NT$689.2m (up 15% from 3Q 2024). Net income: NT$72.1m (up 197% from 3Q 2024). Profit margin: 11% (up from 4.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.22 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.22 (down from NT$0.22 in 2Q 2024). Revenue: NT$682.1m (up 17% from 2Q 2024). Net income: NT$25.8m (down 3.3% from 2Q 2024). Profit margin: 3.8% (down from 4.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
New Risk • Jul 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 14% per year over the past 5 years.
Upcoming Dividend • Jul 10Upcoming dividend of NT$0.20 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.1%).
Declared Dividend • May 29Dividend increased to NT$0.20Dividend of NT$0.20 is 100% higher than last year. Ex-date: 17th July 2025 Payment date: 15th August 2025 Dividend yield will be 0.2%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 21%.
New Risk • May 13New 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 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 14% per year over the past 5 years.
Reported Earnings • May 13First quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.19 loss in 1Q 2024)First quarter 2025 results: EPS: NT$0.44 (up from NT$0.19 loss in 1Q 2024). Revenue: NT$587.8m (up 30% from 1Q 2024). Net income: NT$53.1m (up NT$76.4m from 1Q 2024). Profit margin: 9.0% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
공지 • May 01Hiwin Mikrosystem Corporation to Report Q1, 2025 Results on May 09, 2025Hiwin Mikrosystem Corporation announced that they will report Q1, 2025 results on May 09, 2025
Price Target Changed • Apr 03Price target decreased by 11% to NT$134Down from NT$150, the current price target is provided by 1 analyst. New target price is 7.6% above last closing price of NT$125. Stock is up 40% over the past year. The company posted earnings per share of NT$0.51 last year.
분석 기사 • Mar 25Hiwin Mikrosystem (TWSE:4576) Might Have The Makings Of A Multi-BaggerFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: NT$0.51 (vs NT$0.043 in FY 2023)Full year 2024 results: EPS: NT$0.51 (up from NT$0.043 in FY 2023). Revenue: NT$2.25b (up 3.8% from FY 2023). Net income: NT$60.7m (up NT$55.6m from FY 2023). Profit margin: 2.7% (up from 0.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.
공지 • Feb 27Hiwin Mikrosystem Corporation, Annual General Meeting, May 27, 2025Hiwin Mikrosystem Corporation, Annual General Meeting, May 27, 2025. Location: 4 floor no,129, an huo rd., hsi tun district, taichung city Taiwan
공지 • Feb 19Hiwin Mikrosystem Corporation to Report Fiscal Year 2024 Results on Feb 26, 2025Hiwin Mikrosystem Corporation announced that they will report fiscal year 2024 results on Feb 26, 2025
Price Target Changed • Jan 11Price target increased by 7.1% to NT$150Up from NT$140, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of NT$139. Stock is up 116% over the past year. The company posted earnings per share of NT$0.043 last year.
분석 기사 • Dec 25Revenues Not Telling The Story For Hiwin Mikrosystem Corporation (TWSE:4576) After Shares Rise 32%Hiwin Mikrosystem Corporation ( TWSE:4576 ) shares have continued their recent momentum with a 32% gain in the last...
분석 기사 • Dec 11Hiwin Mikrosystem (TWSE:4576) Could Be Struggling To Allocate CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: NT$0.20 (vs NT$0.14 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.20 (up from NT$0.14 in 3Q 2023). Revenue: NT$598.2m (up 18% from 3Q 2023). Net income: NT$24.3m (up 44% from 3Q 2023). Profit margin: 4.1% (up from 3.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
New Risk • Nov 17New major risk - Revenue and earnings growthEarnings have declined by 3.5% 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 Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 3.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin).
분석 기사 • Nov 12Is Hiwin Mikrosystem (TWSE:4576) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Oct 17Optimistic Investors Push Hiwin Mikrosystem Corporation (TWSE:4576) Shares Up 32% But Growth Is LackingHiwin Mikrosystem Corporation ( TWSE:4576 ) shares have continued their recent momentum with a 32% gain in the last...
New Risk • Oct 02New 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 9.3% 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 (9.3% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin).
분석 기사 • Aug 19Optimistic Investors Push Hiwin Mikrosystem Corporation (TWSE:4576) Shares Up 25% But Growth Is LackingDespite an already strong run, Hiwin Mikrosystem Corporation ( TWSE:4576 ) shares have been powering on, with a gain of...
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.22 (vs NT$0.15 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.22 (up from NT$0.15 loss in 2Q 2023). Revenue: NT$582.5m (up 3.7% from 2Q 2023). Net income: NT$26.7m (up NT$45.0m from 2Q 2023). Profit margin: 4.6% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
공지 • Aug 15+ 1 more updateHiwin Mikrosystem Corporation Appoints Eric Y. T. Chuo as Co-CEOHiwin Mikrosystem Corporation appointed Eric Y. T. Chuo/Director of HIWIN MIKROSYSTEM CORP. as Co-CEO, effective August 13, 2024.
분석 기사 • Aug 09We Think Hiwin Mikrosystem (TWSE:4576) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공지 • Aug 06Hiwin Mikrosystem Corporation to Report Q2, 2024 Results on Aug 13, 2024Hiwin Mikrosystem Corporation announced that they will report Q2, 2024 results on Aug 13, 2024
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Jul 10Upcoming dividend of NT$0.10 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 08 August 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.5%).
New Risk • Jun 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% 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. This is currently the only risk that has been identified for the company.
Declared Dividend • Jun 01Dividend of NT$0.10 announcedShareholders will receive a dividend of NT$0.10. Ex-date: 17th July 2024 Payment date: 8th August 2024 Dividend yield will be 0.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.9% per year over the past 5 years. However, payments have been volatile during that time.
공지 • Jun 01+ 3 more updatesHiwin Mikrosystem Corporation Resolves to Appoint Members of the Third Term of Audit CommitteeHiwin Mikrosystem Corporation's Board of Directors resolved to appoint members of the third term of Audit Committee. Resume of the previous position holder: Chia-Heng Ku Independent director of HIWIN MIKROSYSTEM CORP; Hsueh-Pin Chang Independent director of HIWIN MIKROSYSTEM CORP; Chung-Jen Chen Independent director of HIWIN MIKROSYSTEM CORP. Resume of the new position holder: Hsueh-Pin Chang Independent director of HIWIN MIKROSYSTEM CORP; Chung-Jen Chen Independent director of HIWIN MIKROSYSTEM CORP; Chien-Yu Lo Independent director of HIWIN MIKROSYSTEM CORP. Effective date of the new member is May 30, 2024.
공지 • May 31+ 1 more updateHiwin Mikrosystem Corporation Approves Cash Dividend, Payable on August 8, 2024Hiwin Mikrosystem Corporation announced at shareholders meeting held on May 30, 2024, the shareholders approved cash dividend of TWD 11,980,185. Ex-rights (ex-dividend) trading date is July 17, 2024. Ex-rights (ex-dividend) record date is July 23, 2024. Payment date of cash dividend distribution is August 08, 2023.
Reported Earnings • May 12First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.048 profit in 1Q 2023)First quarter 2024 results: NT$0.19 loss per share (down from NT$0.048 profit in 1Q 2023). Revenue: NT$453.9m (down 18% from 1Q 2023). Net loss: NT$23.3m (down NT$29.1m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
공지 • May 02Hiwin Mikrosystem Corporation to Report Q1, 2024 Results on May 10, 2024Hiwin Mikrosystem Corporation announced that they will report Q1, 2024 results on May 10, 2024
분석 기사 • Apr 15There Are Reasons To Feel Uneasy About Hiwin Mikrosystem's (TWSE:4576) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
New Risk • Mar 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin).
분석 기사 • Mar 27There's Reason For Concern Over Hiwin Mikrosystem Corporation's (TWSE:4576) Massive 28% Price JumpHiwin Mikrosystem Corporation ( TWSE:4576 ) shareholders have had their patience rewarded with a 28% share price jump...
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: NT$0.04 (vs NT$2.73 in FY 2022)Full year 2023 results: EPS: NT$0.04 (down from NT$2.73 in FY 2022). Revenue: NT$2.17b (down 33% from FY 2022). Net income: NT$5.10m (down 98% from FY 2022). Profit margin: 0.2% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year.
공지 • Feb 28Hiwin Mikrosystem Corporation, Annual General Meeting, May 30, 2024Hiwin Mikrosystem Corporation, Annual General Meeting, May 30, 2024. Location: 4F., No.129, Anhe Rd.,Xitun Dist. Taichung City Taiwan Agenda: To consider the 2023 Business Report; to consider the 2023 Audit Committee’s Review Report; to consider the remuneration distribution of directors and employees for Year 2023; to consider the cause for convening the meeting Acknowledged matters: 2023 Business Report and Financial Statements; Proposal for Distribution of 2023 Profits; to discuss amendments to the Rules of Procedure for Shareholders Meetings; to consider the election of Directors; and to consider the other resolutions.
New Risk • Jul 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.3% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Jul 12Upcoming dividend of NT$1.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 19 July 2023. Payment date: 10 August 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%).
공지 • Jul 01Hiwin Mikrosystem Corporation Approves Cash Dividend, Payable on August 10, 2023Hiwin Mikrosystem Corporation announced at shareholders meeting held on June 30, 2023, the shareholders approved cash dividend of TWD 119,801,848. Ex-rights (ex-dividend) trading date is July 19, 2023. Ex-rights (ex-dividend) record date is July 25, 2023. Payment date of cash dividend distribution is August 10, 2023.
Reported Earnings • Feb 26Full year 2022 earnings released: EPS: NT$2.73 (vs NT$2.48 in FY 2021)Full year 2022 results: EPS: NT$2.73 (up from NT$2.48 in FY 2021). Revenue: NT$3.23b (up 1.4% from FY 2021). Net income: NT$326.9m (up 10% from FY 2021). Profit margin: 10% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chia-Heng Ku was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: NT$0.55 (vs NT$0.81 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.55 (down from NT$0.81 in 3Q 2021). Revenue: NT$795.8m (down 5.3% from 3Q 2021). Net income: NT$66.3m (down 31% from 3Q 2021). Profit margin: 8.3% (down from 12% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$62.80, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 18% over the past three years.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: NT$0.80 (vs NT$0.57 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.80 (up from NT$0.57 in 2Q 2021). Revenue: NT$861.1m (up 8.4% from 2Q 2021). Net income: NT$95.3m (up 39% from 2Q 2021). Profit margin: 11% (up from 8.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 13Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 20 July 2022. Payment date: 11 August 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (5.0%).
Reported Earnings • May 16First quarter 2022 earnings released: EPS: NT$0.99 (vs NT$0.48 in 1Q 2021)First quarter 2022 results: EPS: NT$0.99 (up from NT$0.48 in 1Q 2021). Revenue: NT$856.4m (up 23% from 1Q 2021). Net income: NT$118.4m (up 106% from 1Q 2021). Profit margin: 14% (up from 8.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Chia-Heng Ku was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$2.48 (up from NT$1.13 in FY 2020). Revenue: NT$3.18b (up 30% from FY 2020). Net income: NT$297.1m (up 120% from FY 2020). Profit margin: 9.3% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공지 • Feb 26Hiwin Mikrosystem Corp., Annual General Meeting, May 31, 2022Hiwin Mikrosystem Corp., Annual General Meeting, May 31, 2022. Location: 4F, No.129, Anhe Rd,Xitun District Taichung Taiwan Agenda: To report the business of 2021; to consider Audit Committee's review report of 2021; to report 2021 employees' profit sharing and directors' compensation; to report 2021 cash dividends through earnings distribution; to accept 2021 Business Report and Financial Statements; to ratify 2021 earnings distribution; to discuss amendments to Articles of Incorporation; to discuss amendments to Procedures for Asset Acquisition & Disposal; and to release the directors from non-competition restrictions.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.81 (vs NT$0.32 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$840.1m (up 37% from 3Q 2020). Net income: NT$96.5m (up 155% from 3Q 2020). Profit margin: 12% (up from 6.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Upcoming Dividend • Aug 13Upcoming dividend of NT$0.30 per shareEligible shareholders must have bought the stock before 20 August 2021. Payment date: 14 September 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (3.1%).
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.58 (vs NT$0.28 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$794.3m (up 25% from 2Q 2020). Net income: NT$68.6m (up 108% from 2Q 2020). Profit margin: 8.6% (up from 5.2% in 2Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$695.0m (up 25% from 1Q 2020). Net income: NT$57.4m (up 356% from 1Q 2020). Profit margin: 8.3% (up from 2.3% in 1Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Mar 23Full year 2020 earnings released: EPS NT$1.14 (vs NT$0.31 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.45b (up 20% from FY 2019). Net income: NT$135.2m (up 288% from FY 2019). Profit margin: 5.5% (up from 1.7% in FY 2019). The increase in margin was driven by higher revenue.
분석 기사 • Mar 21These 4 Measures Indicate That Hiwin Mikrosystem (TPE:4576) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Feb 22Hiwin Mikrosystem Corp.'s (TPE:4576) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Most readers would already be aware that Hiwin Mikrosystem's (TPE:4576) stock increased significantly by 127% over the...
Is New 90 Day High Low • Feb 17New 90-day high: NT$146The company is up 91% from its price of NT$76.20 on 19 November 2020. The Taiwanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period.
분석 기사 • Jan 25Does Hiwin Mikrosystem (TPE:4576) Have The Makings Of A Multi-Bagger?To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Is New 90 Day High Low • Jan 21New 90-day high: NT$98.80The company is up 26% from its price of NT$78.20 on 23 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 22% over the same period.
분석 기사 • Dec 28Does Hiwin Mikrosystem's (TPE:4576) Share Price Gain of 11% Match Its Business Performance?We believe investing is smart because history shows that stock markets go higher in the long term. But not every stock...
Is New 90 Day High Low • Dec 16New 90-day high: NT$93.50The company is up 21% from its price of NT$77.50 on 17 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period.
분석 기사 • Nov 30Is Hiwin Mikrosystem (TPE:4576) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Is New 90 Day High Low • Nov 30New 90-day high: NT$80.90The company is up 4.0% from its price of NT$77.50 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period.
Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS NT$0.32The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$615.3m (up 31% from 3Q 2019). Net income: NT$37.8m (up NT$44.7m from 3Q 2019). Profit margin: 6.1% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue.
Is New 90 Day High Low • Oct 14New 90-day low: NT$71.60The company is down 12% from its price of NT$81.41 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period.
Is New 90 Day High Low • Sep 22New 90-day low: NT$75.60The company is down 5.0% from its price of NT$79.92 on 24 June 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period.