View Financial HealthChang Wah Electromaterials 배당 및 자사주 매입배당 기준 점검 3/6Chang Wah Electromaterials 은(는) 현재 수익률이 6.04% 인 배당금 지급 회사입니다. 다음 지급일은 17th July, 2026 이며 배당락일은 다음과 같습니다. 17th June, 2026.핵심 정보6.0%배당 수익률0.5%자사주 매입 수익률총 주주 수익률6.5%미래 배당 수익률n/a배당 성장률13.9%다음 배당 지급일17 Jul 26배당락일17 Jun 26주당 배당금n/a배당 성향267%최근 배당 및 자사주 매입 업데이트Declared Dividend • Mar 12Final dividend of NT$0.68 announcedShareholders will receive a dividend of NT$0.68. Ex-date: 17th June 2026 Payment date: 17th July 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (138% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 53% to bring the payout ratio under control. However, EPS has declined by 8.2% over the last 5 years so the company would need to reverse this trend.Upcoming Dividend • Dec 11Upcoming dividend of NT$0.71 per shareEligible shareholders must have bought the stock before 18 December 2025. Payment date: 16 January 2026. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (2.2%).Declared Dividend • Nov 07Dividend increased to NT$0.71Dividend of NT$0.71 is 1.4% higher than last year. Ex-date: 18th December 2025 Payment date: 16th January 2026 Dividend yield will be 6.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (87% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control, which is more than the 5.1% EPS growth achieved over the last 5 years.Upcoming Dividend • Jun 12Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 18 July 2025. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%).Declared Dividend • May 09Dividend of NT$2.00 announcedShareholders will receive a dividend of NT$2.00. Ex-date: 19th June 2025 Payment date: 18th July 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio) nor is it adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control, which is more than the 10% EPS growth achieved over the last 5 years.분석 기사 • Dec 18Chang Wah Electromaterials' (TWSE:8070) Dividend Will Be NT$0.70The board of Chang Wah Electromaterials Inc. ( TWSE:8070 ) has announced that it will pay a dividend on the 17th of...모든 업데이트 보기Recent updatesReported Earnings • May 07First quarter 2026 earnings released: EPS: NT$0.52 (vs NT$0.47 in 1Q 2025)First quarter 2026 results: EPS: NT$0.52 (up from NT$0.47 in 1Q 2025). Revenue: NT$5.42b (up 20% from 1Q 2025). Net income: NT$362.4m (up 9.1% from 1Q 2025). Profit margin: 6.7% (down from 7.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Declared Dividend • Mar 12Final dividend of NT$0.68 announcedShareholders will receive a dividend of NT$0.68. Ex-date: 17th June 2026 Payment date: 17th July 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (138% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 53% to bring the payout ratio under control. However, EPS has declined by 8.2% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$1.02 (vs NT$2.32 in FY 2024)Full year 2025 results: EPS: NT$1.02 (down from NT$2.32 in FY 2024). Revenue: NT$19.4b (up 12% from FY 2024). Net income: NT$716.1m (down 55% from FY 2024). Profit margin: 3.7% (down from 9.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.New Risk • Mar 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 138% Cash payout ratio: 94% Dividend yield: 6.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 138% Cash payout ratio: 94% 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 (3.7% net profit margin).공시 • Feb 13Chang Wah Electromaterials Inc., Annual General Meeting, May 28, 2026Chang Wah Electromaterials Inc., Annual General Meeting, May 28, 2026, at 10:00 Taipei Standard Time. Location: no,2, jen fa 6th rd., renwu district, kaohsiung city TaiwanUpcoming Dividend • Dec 11Upcoming dividend of NT$0.71 per shareEligible shareholders must have bought the stock before 18 December 2025. Payment date: 16 January 2026. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (2.2%).Declared Dividend • Nov 07Dividend increased to NT$0.71Dividend of NT$0.71 is 1.4% higher than last year. Ex-date: 18th December 2025 Payment date: 16th January 2026 Dividend yield will be 6.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (87% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control, which is more than the 5.1% EPS growth achieved over the last 5 years.Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: NT$0.86 (vs NT$0.63 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.86 (up from NT$0.63 in 3Q 2024). Revenue: NT$4.99b (up 12% from 3Q 2024). Net income: NT$607.8m (up 38% from 3Q 2024). Profit margin: 12% (up from 9.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$48.15, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 88% over the past three years.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$0.16 (vs NT$0.74 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.16 (down from NT$0.74 in 2Q 2024). Revenue: NT$4.75b (up 12% from 2Q 2024). Net income: NT$109.8m (down 78% from 2Q 2024). Profit margin: 2.3% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Upcoming Dividend • Jun 12Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 18 July 2025. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%).Declared Dividend • May 09Dividend of NT$2.00 announcedShareholders will receive a dividend of NT$2.00. Ex-date: 19th June 2025 Payment date: 18th July 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio) nor is it adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control, which is more than the 10% EPS growth achieved over the last 5 years.Reported Earnings • May 08First quarter 2025 earnings released: EPS: NT$0.47 (vs NT$0.48 in 1Q 2024)First quarter 2025 results: EPS: NT$0.47. Revenue: NT$4.50b (up 12% from 1Q 2024). Net income: NT$332.2m (up 3.9% from 1Q 2024). Profit margin: 7.4% (down from 8.0% in 1Q 2024). The decrease in margin was driven by higher expenses.공시 • Apr 30Chang Wah Electromaterials Inc. to Report Q1, 2025 Results on May 07, 2025Chang Wah Electromaterials Inc. announced that they will report Q1, 2025 results on May 07, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$34.45, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 17% over the past three years.분석 기사 • Mar 20Chang Wah Electromaterials' (TWSE:8070) Solid Profits Have Weak FundamentalsChang Wah Electromaterials Inc.'s ( TWSE:8070 ) stock was strong after they recently reported robust earnings. However...New Risk • Mar 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 93% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$2.32 (vs NT$2.19 in FY 2023)Full year 2024 results: EPS: NT$2.32 (up from NT$2.19 in FY 2023). Revenue: NT$17.2b (up 4.5% from FY 2023). Net income: NT$1.59b (up 7.8% from FY 2023). Profit margin: 9.2% (up from 9.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.공시 • Mar 05Chang Wah Electromaterials Inc. to Report Fiscal Year 2024 Results on Mar 12, 2025Chang Wah Electromaterials Inc. announced that they will report fiscal year 2024 results on Mar 12, 2025공시 • Feb 21Chang Wah Electromaterials Inc., Annual General Meeting, May 29, 2025Chang Wah Electromaterials Inc., Annual General Meeting, May 29, 2025, at 10:00 Taipei Standard Time. Location: no,2, jen fa 6th rd., renwu district, kaohsiung city Taiwan분석 기사 • Feb 19Chang Wah Electromaterials (TWSE:8070) Could Be Struggling To Allocate CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Board Change • Jan 07Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shu-Yang Yen was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Dec 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (115% payout ratio). Shareholders have been diluted in the past year (4.7% increase in shares outstanding).분석 기사 • Dec 18Chang Wah Electromaterials' (TWSE:8070) Dividend Will Be NT$0.70The board of Chang Wah Electromaterials Inc. ( TWSE:8070 ) has announced that it will pay a dividend on the 17th of...New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.분석 기사 • Dec 13Chang Wah Electromaterials Inc. (TWSE:8070) Investors Are Less Pessimistic Than ExpectedWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") below 21x, you may consider Chang...Upcoming Dividend • Dec 12Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 19 December 2024. Payment date: 17 January 2025. The company is paying out more than 100% of its profits and is paying out 80% of its cash flow. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.8%).분석 기사 • Nov 08Chang Wah Electromaterials (TWSE:8070) Has Announced A Dividend Of NT$0.7003The board of Chang Wah Electromaterials Inc. ( TWSE:8070 ) has announced that it will pay a dividend on the 17th of...Declared Dividend • Nov 07Dividend of NT$0.70 announcedShareholders will receive a dividend of NT$0.70. Ex-date: 19th December 2024 Payment date: 17th January 2025 Dividend yield will be 4.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is covered by cash flows (74% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is more than the 2.2% EPS growth achieved over the last 5 years.Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: NT$0.63 (vs NT$0.50 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.63 (up from NT$0.50 in 3Q 2023). Revenue: NT$4.47b (up 9.7% from 3Q 2023). Net income: NT$439.2m (up 31% from 3Q 2023). Profit margin: 9.8% (up from 8.2% in 3Q 2023). The increase in margin was driven by higher revenue. 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 15% per year, which means it is well ahead of earnings.New Risk • Nov 06New 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 6.7% 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 (6.7% average weekly change).공시 • Nov 06+ 1 more updateChang Wah Electromaterials Inc. Approves Distribution of Dividend for the First Half of 2024, Payable on January 17, 2025The board of directors of Chang Wah Electromaterials Inc. resolved to approve the distribution of dividend and its record date for the first half of 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is on November 5, 2024. Type and monetary amount of common stock dividend distribution: Cash dividend TWD 506,742,219 or TWD 0.70026021 per share of common stock. Ex-rights (ex-dividend) trading date is on December 19, 2024. Ex-rights (ex-dividend) record date is on December 27, 2024. Payment date of common stock cash dividend distribution is on January 17, 2025.Buy Or Sell Opportunity • Nov 01Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to NT$56.90. The fair value is estimated to be NT$45.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Earnings per share has declined by 2.9%.공시 • Oct 29Chang Wah Electromaterials Inc. to Report Q3, 2024 Results on Nov 05, 2024Chang Wah Electromaterials Inc. announced that they will report Q3, 2024 results on Nov 05, 2024분석 기사 • Sep 13Does Chang Wah Electromaterials (TWSE:8070) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Aug 26Earnings Not Telling The Story For Chang Wah Electromaterials Inc. (TWSE:8070) After Shares Rise 30%Chang Wah Electromaterials Inc. ( TWSE:8070 ) shares have had a really impressive month, gaining 30% after a shaky...Buy Or Sell Opportunity • Aug 26Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to NT$57.80. The fair value is estimated to be NT$45.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Earnings per share has declined by 2.9%.Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: NT$0.74 (vs NT$0.88 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.74 (down from NT$0.88 in 2Q 2023). Revenue: NT$4.25b (up 1.8% from 2Q 2023). Net income: NT$497.2m (down 16% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.공시 • Aug 07Chang Wah Electromaterials Inc. Announces Changes in the PresidentChang Wah Electromaterials Inc. announced changes in the President. Name of the previous position holder: Canon, Huang. Resume of the previous position holder: President. Name of the new position holder: Thomas, Huang. Resume of the new position holder: Sales President and Head of Leadframe Division. Reason for the change: Retirement. Effective date of the new appointment: August 7, 2024.공시 • Jul 30Chang Wah Electromaterials Inc. to Report Q2, 2024 Results on Aug 06, 2024Chang Wah Electromaterials Inc. announced that they will report Q2, 2024 results on Aug 06, 2024Upcoming Dividend • Jun 17Upcoming dividend of NT$1.96 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 19 July 2024. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 4.2%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.7%).분석 기사 • Jun 09Chang Wah Electromaterials (TWSE:8070) Is Increasing Its Dividend To NT$1.96Chang Wah Electromaterials Inc. ( TWSE:8070 ) will increase its dividend from last year's comparable payment on the...분석 기사 • May 22Chang Wah Electromaterials Inc.'s (TWSE:8070) 31% Price Boost Is Out Of Tune With EarningsChang Wah Electromaterials Inc. ( TWSE:8070 ) shares have continued their recent momentum with a 31% gain in the last...분석 기사 • May 21Chang Wah Electromaterials' (TWSE:8070) Upcoming Dividend Will Be Larger Than Last Year'sChang Wah Electromaterials Inc.'s ( TWSE:8070 ) dividend will be increasing from last year's payment of the same period...Declared Dividend • May 15Dividend increased to NT$2.00Dividend of NT$2.00 is 11% higher than last year. Ex-date: 24th June 2024 Payment date: 19th July 2024 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (61% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.3% to bring the payout ratio under control, which is less than the 7.0% EPS growth achieved over the last 5 years.Reported Earnings • May 15First quarter 2024 earnings released: EPS: NT$0.48 (vs NT$0.32 in 1Q 2023)First quarter 2024 results: EPS: NT$0.48 (up from NT$0.32 in 1Q 2023). Revenue: NT$4.02b (down 3.5% from 1Q 2023). Net income: NT$319.8m (up 50% from 1Q 2023). Profit margin: 8.0% (up from 5.1% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 05Chang Wah Electromaterials Inc. to Report Q1, 2024 Results on May 13, 2024Chang Wah Electromaterials Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 13, 2024분석 기사 • Apr 24Here's What's Concerning About Chang Wah Electromaterials' (TWSE:8070) Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$2.19 (vs NT$3.16 in FY 2022)Full year 2023 results: EPS: NT$2.19 (down from NT$3.16 in FY 2022). Revenue: NT$16.5b (down 25% from FY 2022). Net income: NT$1.48b (down 32% from FY 2022). Profit margin: 9.0% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.New Risk • Feb 26New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공시 • Feb 22Chang Wah Electromaterials Inc., Annual General Meeting, May 31, 2024Chang Wah Electromaterials Inc., Annual General Meeting, May 31, 2024. Location: No. 2, Renfa 6th Rd., Renwu Dist Kaohsiung City, Taiwan (R.O.C.) Kaohiusng Taiwan Agenda: To consider The Companys 2023 Annual Business Report; To consider Report by Audit Committee on review of the 2023 Annual Accounting Final Reports and Statements; To consider Report on the Distribution of Employees and Board Directors' Compensation; To consider Report on the collection of 2023 remuneration to the directors; To consider Report on the Earnings' Distribution.Upcoming Dividend • Dec 14Upcoming dividend of NT$0.54 per share at 6.7% yieldEligible shareholders must have bought the stock before 21 December 2023. Payment date: 19 January 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.1%).Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: NT$0.88 (vs NT$0.79 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.88 (up from NT$0.79 in 2Q 2022). Revenue: NT$4.18b (down 28% from 2Q 2022). Net income: NT$592.3m (up 9.9% from 2Q 2022). Profit margin: 14% (up from 9.3% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 08Upcoming dividend of NT$1.80 per share at 6.9% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 14 July 2023. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).Reported Earnings • Mar 18Full year 2022 earnings released: EPS: NT$3.16 (vs NT$2.54 in FY 2021)Full year 2022 results: EPS: NT$3.16 (up from NT$2.54 in FY 2021). Revenue: NT$21.9b (up 5.7% from FY 2021). Net income: NT$2.16b (up 25% from FY 2021). Profit margin: 9.9% (up from 8.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Dec 08Upcoming dividend of NT$0.73 per shareEligible shareholders must have bought the stock before 15 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.5%).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. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Chi-Chuan Kong 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 06Third quarter 2022 earnings released: EPS: NT$1.17 (vs NT$1.02 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.17 (up from NT$1.02 in 3Q 2021). Revenue: NT$5.51b (flat on 3Q 2021). Net income: NT$795.9m (up 13% from 3Q 2021). Profit margin: 14% (up from 13% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$0.79 (vs NT$0.49 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.79 (up from NT$0.49 in 2Q 2021). Revenue: NT$5.82b (up 19% from 2Q 2021). Net income: NT$538.9m (up 60% from 2Q 2021). Profit margin: 9.3% (up from 6.9% 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 25% per year whereas the company’s share price has increased by 28% per year.Upcoming Dividend • Jun 10Upcoming dividend of NT$1.62 per shareEligible shareholders must have bought the stock before 17 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (4.1%).Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.86 (vs NT$0.36 in 1Q 2021)First quarter 2022 results: EPS: NT$0.86 (up from NT$0.36 in 1Q 2021). Revenue: NT$5.65b (up 23% from 1Q 2021). Net income: NT$592.0m (up 150% from 1Q 2021). Profit margin: 11% (up from 5.2% 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 18% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chi-Chuan Kong was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 19Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$2.54 (up from NT$1.56 in FY 2020). Revenue: NT$20.7b (up 26% from FY 2020). Net income: NT$1.73b (up 73% from FY 2020). Profit margin: 8.3% (up from 6.1% 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 12% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Dec 02Upcoming dividend of NT$0.38 per shareEligible shareholders must have bought the stock before 09 December 2021. Payment date: 14 January 2022. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.0%).Upcoming Dividend • Dec 02Upcoming dividend of NT$0.38 per shareEligible shareholders must have bought the stock before 09 December 2021. Payment date: 14 January 2022. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.0%).Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.65 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.47b (up 34% from 3Q 2020). Net income: NT$703.4m (up 69% from 3Q 2020). Profit margin: 13% (up from 10% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.49 (vs NT$0.35 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.90b (up 19% from 2Q 2020). Net income: NT$337.6m (up 51% from 2Q 2020). Profit margin: 6.9% (up from 5.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Aug 02Upcoming dividend of NT$1.02 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 01 September 2021. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%).Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$31.45, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 166% over the past three years.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.36 (vs NT$0.23 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.59b (up 21% from 1Q 2020). Net income: NT$237.0m (up 58% from 1Q 2020). Profit margin: 5.2% (up from 4.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Apr 20Chang Wah Electromaterials (TPE:8070) Is Doing The Right Things To Multiply Its Share PriceWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...공시 • Mar 19Chang Wah Electromaterials Inc., Annual General Meeting, Jun 17, 2021Chang Wah Electromaterials Inc., Annual General Meeting, Jun 17, 2021.Reported Earnings • Mar 18Full year 2020 earnings released: EPS NT$1.56 (vs NT$1.72 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$16.4b (up 6.2% from FY 2019). Net income: NT$997.3m (down 9.2% from FY 2019). Profit margin: 6.1% (down from 7.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Mar 12Does Chang Wah Electromaterials (TPE:8070) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$38.10, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 20.5x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 235%.Is New 90 Day High Low • Feb 17New 90-day high: NT$34.65The company is up 49% from its price of NT$23.20 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 • Feb 10Is Chang Wah Electromaterials Inc. (TPE:8070) A Smart Pick For Income Investors?Is Chang Wah Electromaterials Inc. ( TPE:8070 ) a good dividend stock? How can we tell? Dividend paying companies with...Is New 90 Day High Low • Jan 25New 90-day high: NT$32.15The company is up 45% from its price of NT$22.20 on 27 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 27% over the same period.분석 기사 • Jan 20Boasting A 17% Return On Equity, Is Chang Wah Electromaterials Inc. (TPE:8070) A Top Quality Stock?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...분석 기사 • Dec 30Is There More Growth In Store For Chang Wah Electromaterials' (TPE:8070) Returns On Capital?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...분석 기사 • Dec 12Only Three Days Left To Cash In On Chang Wah Electromaterials' (TPE:8070) DividendChang Wah Electromaterials Inc. ( TPE:8070 ) is about to trade ex-dividend in the next 3 days. You will need to...Upcoming Dividend • Dec 10Upcoming Dividend of NT$0.26 Per ShareWill be paid on the 15th of January to those who are registered shareholders by the 17th of December. The trailing yield of 4.2% is below the top quartile of Taiwanese dividend payers (5.1%), but it is higher than industry peers (3.3%).Is New 90 Day High Low • Dec 09New 90-day high: NT$30.90The company is up 60% from its price of NT$19.30 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period.Valuation Update With 7 Day Price Move • Nov 30Market bids up stock over the past weekAfter last week's 21% share price gain to NT$29.15, the stock is trading at a trailing P/E ratio of 19x, up from the previous P/E ratio of 15.6x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 161%.분석 기사 • Nov 25Is Chang Wah Electromaterials (TPE:8070) 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...Reported Earnings • Nov 10Third quarter 2020 earnings released: EPS NT$0.65The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$4.08b (down 2.6% from 3Q 2019). Net income: NT$415.2m (up 28% from 3Q 2019). Profit margin: 10% (up from 7.7% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year.예정된 배당 지급오늘May 22 2026배당락일Jun 17 2026배당 지급일Jul 17 202630 days (배당락일 기준)다음 배당금을 받으려면 앞으로 26 days일 이내에 매수하세요지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 8070 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 8070 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Chang Wah Electromaterials 배당 수익률 vs 시장8070의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (8070)6.0%시장 하위 25% (TW)1.4%시장 상위 25% (TW)5.0%업계 평균 (Electronic)1.4%분석가 예측 (8070) (최대 3년)n/a주목할만한 배당금: 8070 의 배당금( 6.04% )은 TW 시장에서 배당금 지급자의 하위 25%( 1.42% )보다 높습니다.고배당: 8070 의 배당금( 6.04% )은 TW 시장( 5% )주주 대상 이익 배당수익 보장: 지급 비율 ( 266.8% )이 높기 때문에 8070 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 148.3% )이 높기 때문에 8070 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 15:34종가2026/05/22 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 소스Chang Wah Electromaterials Inc.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Shangzhi WangCapital Securities CorporationRicky LiuKGI Securities Co. Ltd.Jason WangMasterlink Securities Investment Advisory
Declared Dividend • Mar 12Final dividend of NT$0.68 announcedShareholders will receive a dividend of NT$0.68. Ex-date: 17th June 2026 Payment date: 17th July 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (138% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 53% to bring the payout ratio under control. However, EPS has declined by 8.2% over the last 5 years so the company would need to reverse this trend.
Upcoming Dividend • Dec 11Upcoming dividend of NT$0.71 per shareEligible shareholders must have bought the stock before 18 December 2025. Payment date: 16 January 2026. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (2.2%).
Declared Dividend • Nov 07Dividend increased to NT$0.71Dividend of NT$0.71 is 1.4% higher than last year. Ex-date: 18th December 2025 Payment date: 16th January 2026 Dividend yield will be 6.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (87% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control, which is more than the 5.1% EPS growth achieved over the last 5 years.
Upcoming Dividend • Jun 12Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 18 July 2025. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%).
Declared Dividend • May 09Dividend of NT$2.00 announcedShareholders will receive a dividend of NT$2.00. Ex-date: 19th June 2025 Payment date: 18th July 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio) nor is it adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control, which is more than the 10% EPS growth achieved over the last 5 years.
분석 기사 • Dec 18Chang Wah Electromaterials' (TWSE:8070) Dividend Will Be NT$0.70The board of Chang Wah Electromaterials Inc. ( TWSE:8070 ) has announced that it will pay a dividend on the 17th of...
Reported Earnings • May 07First quarter 2026 earnings released: EPS: NT$0.52 (vs NT$0.47 in 1Q 2025)First quarter 2026 results: EPS: NT$0.52 (up from NT$0.47 in 1Q 2025). Revenue: NT$5.42b (up 20% from 1Q 2025). Net income: NT$362.4m (up 9.1% from 1Q 2025). Profit margin: 6.7% (down from 7.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Declared Dividend • Mar 12Final dividend of NT$0.68 announcedShareholders will receive a dividend of NT$0.68. Ex-date: 17th June 2026 Payment date: 17th July 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (138% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 53% to bring the payout ratio under control. However, EPS has declined by 8.2% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: NT$1.02 (vs NT$2.32 in FY 2024)Full year 2025 results: EPS: NT$1.02 (down from NT$2.32 in FY 2024). Revenue: NT$19.4b (up 12% from FY 2024). Net income: NT$716.1m (down 55% from FY 2024). Profit margin: 3.7% (down from 9.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
New Risk • Mar 11New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 138% Cash payout ratio: 94% Dividend yield: 6.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 138% Cash payout ratio: 94% 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 (3.7% net profit margin).
공시 • Feb 13Chang Wah Electromaterials Inc., Annual General Meeting, May 28, 2026Chang Wah Electromaterials Inc., Annual General Meeting, May 28, 2026, at 10:00 Taipei Standard Time. Location: no,2, jen fa 6th rd., renwu district, kaohsiung city Taiwan
Upcoming Dividend • Dec 11Upcoming dividend of NT$0.71 per shareEligible shareholders must have bought the stock before 18 December 2025. Payment date: 16 January 2026. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (2.2%).
Declared Dividend • Nov 07Dividend increased to NT$0.71Dividend of NT$0.71 is 1.4% higher than last year. Ex-date: 18th December 2025 Payment date: 16th January 2026 Dividend yield will be 6.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (87% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control, which is more than the 5.1% EPS growth achieved over the last 5 years.
Reported Earnings • Nov 06Third quarter 2025 earnings released: EPS: NT$0.86 (vs NT$0.63 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.86 (up from NT$0.63 in 3Q 2024). Revenue: NT$4.99b (up 12% from 3Q 2024). Net income: NT$607.8m (up 38% from 3Q 2024). Profit margin: 12% (up from 9.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improves as stock rises 21%After last week's 21% share price gain to NT$48.15, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 88% over the past three years.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: NT$0.16 (vs NT$0.74 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.16 (down from NT$0.74 in 2Q 2024). Revenue: NT$4.75b (up 12% from 2Q 2024). Net income: NT$109.8m (down 78% from 2Q 2024). Profit margin: 2.3% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jun 12Upcoming dividend of NT$2.00 per shareEligible shareholders must have bought the stock before 19 June 2025. Payment date: 18 July 2025. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.3%).
Declared Dividend • May 09Dividend of NT$2.00 announcedShareholders will receive a dividend of NT$2.00. Ex-date: 19th June 2025 Payment date: 18th July 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio) nor is it adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control, which is more than the 10% EPS growth achieved over the last 5 years.
Reported Earnings • May 08First quarter 2025 earnings released: EPS: NT$0.47 (vs NT$0.48 in 1Q 2024)First quarter 2025 results: EPS: NT$0.47. Revenue: NT$4.50b (up 12% from 1Q 2024). Net income: NT$332.2m (up 3.9% from 1Q 2024). Profit margin: 7.4% (down from 8.0% in 1Q 2024). The decrease in margin was driven by higher expenses.
공시 • Apr 30Chang Wah Electromaterials Inc. to Report Q1, 2025 Results on May 07, 2025Chang Wah Electromaterials Inc. announced that they will report Q1, 2025 results on May 07, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$34.45, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 17% over the past three years.
분석 기사 • Mar 20Chang Wah Electromaterials' (TWSE:8070) Solid Profits Have Weak FundamentalsChang Wah Electromaterials Inc.'s ( TWSE:8070 ) stock was strong after they recently reported robust earnings. However...
New Risk • Mar 20New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 93% Dividend yield: 6.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$2.32 (vs NT$2.19 in FY 2023)Full year 2024 results: EPS: NT$2.32 (up from NT$2.19 in FY 2023). Revenue: NT$17.2b (up 4.5% from FY 2023). Net income: NT$1.59b (up 7.8% from FY 2023). Profit margin: 9.2% (up from 9.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
공시 • Mar 05Chang Wah Electromaterials Inc. to Report Fiscal Year 2024 Results on Mar 12, 2025Chang Wah Electromaterials Inc. announced that they will report fiscal year 2024 results on Mar 12, 2025
공시 • Feb 21Chang Wah Electromaterials Inc., Annual General Meeting, May 29, 2025Chang Wah Electromaterials Inc., Annual General Meeting, May 29, 2025, at 10:00 Taipei Standard Time. Location: no,2, jen fa 6th rd., renwu district, kaohsiung city Taiwan
분석 기사 • Feb 19Chang Wah Electromaterials (TWSE:8070) Could Be Struggling To Allocate CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Board Change • Jan 07Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shu-Yang Yen was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Dec 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (115% payout ratio). Shareholders have been diluted in the past year (4.7% increase in shares outstanding).
분석 기사 • Dec 18Chang Wah Electromaterials' (TWSE:8070) Dividend Will Be NT$0.70The board of Chang Wah Electromaterials Inc. ( TWSE:8070 ) has announced that it will pay a dividend on the 17th of...
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
분석 기사 • Dec 13Chang Wah Electromaterials Inc. (TWSE:8070) Investors Are Less Pessimistic Than ExpectedWhen close to half the companies in Taiwan have price-to-earnings ratios (or "P/E's") below 21x, you may consider Chang...
Upcoming Dividend • Dec 12Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 19 December 2024. Payment date: 17 January 2025. The company is paying out more than 100% of its profits and is paying out 80% of its cash flow. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.8%).
분석 기사 • Nov 08Chang Wah Electromaterials (TWSE:8070) Has Announced A Dividend Of NT$0.7003The board of Chang Wah Electromaterials Inc. ( TWSE:8070 ) has announced that it will pay a dividend on the 17th of...
Declared Dividend • Nov 07Dividend of NT$0.70 announcedShareholders will receive a dividend of NT$0.70. Ex-date: 19th December 2024 Payment date: 17th January 2025 Dividend yield will be 4.8%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is covered by cash flows (74% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is more than the 2.2% EPS growth achieved over the last 5 years.
Reported Earnings • Nov 07Third quarter 2024 earnings released: EPS: NT$0.63 (vs NT$0.50 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.63 (up from NT$0.50 in 3Q 2023). Revenue: NT$4.47b (up 9.7% from 3Q 2023). Net income: NT$439.2m (up 31% from 3Q 2023). Profit margin: 9.8% (up from 8.2% in 3Q 2023). The increase in margin was driven by higher revenue. 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 15% per year, which means it is well ahead of earnings.
New Risk • Nov 06New 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 6.7% 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 (6.7% average weekly change).
공시 • Nov 06+ 1 more updateChang Wah Electromaterials Inc. Approves Distribution of Dividend for the First Half of 2024, Payable on January 17, 2025The board of directors of Chang Wah Electromaterials Inc. resolved to approve the distribution of dividend and its record date for the first half of 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is on November 5, 2024. Type and monetary amount of common stock dividend distribution: Cash dividend TWD 506,742,219 or TWD 0.70026021 per share of common stock. Ex-rights (ex-dividend) trading date is on December 19, 2024. Ex-rights (ex-dividend) record date is on December 27, 2024. Payment date of common stock cash dividend distribution is on January 17, 2025.
Buy Or Sell Opportunity • Nov 01Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to NT$56.90. The fair value is estimated to be NT$45.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Earnings per share has declined by 2.9%.
공시 • Oct 29Chang Wah Electromaterials Inc. to Report Q3, 2024 Results on Nov 05, 2024Chang Wah Electromaterials Inc. announced that they will report Q3, 2024 results on Nov 05, 2024
분석 기사 • Sep 13Does Chang Wah Electromaterials (TWSE:8070) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Aug 26Earnings Not Telling The Story For Chang Wah Electromaterials Inc. (TWSE:8070) After Shares Rise 30%Chang Wah Electromaterials Inc. ( TWSE:8070 ) shares have had a really impressive month, gaining 30% after a shaky...
Buy Or Sell Opportunity • Aug 26Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to NT$57.80. The fair value is estimated to be NT$45.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.4% over the last 3 years. Earnings per share has declined by 2.9%.
Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: NT$0.74 (vs NT$0.88 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.74 (down from NT$0.88 in 2Q 2023). Revenue: NT$4.25b (up 1.8% from 2Q 2023). Net income: NT$497.2m (down 16% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
공시 • Aug 07Chang Wah Electromaterials Inc. Announces Changes in the PresidentChang Wah Electromaterials Inc. announced changes in the President. Name of the previous position holder: Canon, Huang. Resume of the previous position holder: President. Name of the new position holder: Thomas, Huang. Resume of the new position holder: Sales President and Head of Leadframe Division. Reason for the change: Retirement. Effective date of the new appointment: August 7, 2024.
공시 • Jul 30Chang Wah Electromaterials Inc. to Report Q2, 2024 Results on Aug 06, 2024Chang Wah Electromaterials Inc. announced that they will report Q2, 2024 results on Aug 06, 2024
Upcoming Dividend • Jun 17Upcoming dividend of NT$1.96 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 19 July 2024. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 4.2%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.7%).
분석 기사 • Jun 09Chang Wah Electromaterials (TWSE:8070) Is Increasing Its Dividend To NT$1.96Chang Wah Electromaterials Inc. ( TWSE:8070 ) will increase its dividend from last year's comparable payment on the...
분석 기사 • May 22Chang Wah Electromaterials Inc.'s (TWSE:8070) 31% Price Boost Is Out Of Tune With EarningsChang Wah Electromaterials Inc. ( TWSE:8070 ) shares have continued their recent momentum with a 31% gain in the last...
분석 기사 • May 21Chang Wah Electromaterials' (TWSE:8070) Upcoming Dividend Will Be Larger Than Last Year'sChang Wah Electromaterials Inc.'s ( TWSE:8070 ) dividend will be increasing from last year's payment of the same period...
Declared Dividend • May 15Dividend increased to NT$2.00Dividend of NT$2.00 is 11% higher than last year. Ex-date: 24th June 2024 Payment date: 19th July 2024 Dividend yield will be 5.2%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (61% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.3% to bring the payout ratio under control, which is less than the 7.0% EPS growth achieved over the last 5 years.
Reported Earnings • May 15First quarter 2024 earnings released: EPS: NT$0.48 (vs NT$0.32 in 1Q 2023)First quarter 2024 results: EPS: NT$0.48 (up from NT$0.32 in 1Q 2023). Revenue: NT$4.02b (down 3.5% from 1Q 2023). Net income: NT$319.8m (up 50% from 1Q 2023). Profit margin: 8.0% (up from 5.1% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 05Chang Wah Electromaterials Inc. to Report Q1, 2024 Results on May 13, 2024Chang Wah Electromaterials Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 13, 2024
분석 기사 • Apr 24Here's What's Concerning About Chang Wah Electromaterials' (TWSE:8070) Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Mar 13Full year 2023 earnings released: EPS: NT$2.19 (vs NT$3.16 in FY 2022)Full year 2023 results: EPS: NT$2.19 (down from NT$3.16 in FY 2022). Revenue: NT$16.5b (down 25% from FY 2022). Net income: NT$1.48b (down 32% from FY 2022). Profit margin: 9.0% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
New Risk • Feb 26New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공시 • Feb 22Chang Wah Electromaterials Inc., Annual General Meeting, May 31, 2024Chang Wah Electromaterials Inc., Annual General Meeting, May 31, 2024. Location: No. 2, Renfa 6th Rd., Renwu Dist Kaohsiung City, Taiwan (R.O.C.) Kaohiusng Taiwan Agenda: To consider The Companys 2023 Annual Business Report; To consider Report by Audit Committee on review of the 2023 Annual Accounting Final Reports and Statements; To consider Report on the Distribution of Employees and Board Directors' Compensation; To consider Report on the collection of 2023 remuneration to the directors; To consider Report on the Earnings' Distribution.
Upcoming Dividend • Dec 14Upcoming dividend of NT$0.54 per share at 6.7% yieldEligible shareholders must have bought the stock before 21 December 2023. Payment date: 19 January 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.1%).
Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: NT$0.88 (vs NT$0.79 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.88 (up from NT$0.79 in 2Q 2022). Revenue: NT$4.18b (down 28% from 2Q 2022). Net income: NT$592.3m (up 9.9% from 2Q 2022). Profit margin: 14% (up from 9.3% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 08Upcoming dividend of NT$1.80 per share at 6.9% yieldEligible shareholders must have bought the stock before 15 June 2023. Payment date: 14 July 2023. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.3%).
Reported Earnings • Mar 18Full year 2022 earnings released: EPS: NT$3.16 (vs NT$2.54 in FY 2021)Full year 2022 results: EPS: NT$3.16 (up from NT$2.54 in FY 2021). Revenue: NT$21.9b (up 5.7% from FY 2021). Net income: NT$2.16b (up 25% from FY 2021). Profit margin: 9.9% (up from 8.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Dec 08Upcoming dividend of NT$0.73 per shareEligible shareholders must have bought the stock before 15 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.5%).
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. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Chi-Chuan Kong 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 06Third quarter 2022 earnings released: EPS: NT$1.17 (vs NT$1.02 in 3Q 2021)Third quarter 2022 results: EPS: NT$1.17 (up from NT$1.02 in 3Q 2021). Revenue: NT$5.51b (flat on 3Q 2021). Net income: NT$795.9m (up 13% from 3Q 2021). Profit margin: 14% (up from 13% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: NT$0.79 (vs NT$0.49 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.79 (up from NT$0.49 in 2Q 2021). Revenue: NT$5.82b (up 19% from 2Q 2021). Net income: NT$538.9m (up 60% from 2Q 2021). Profit margin: 9.3% (up from 6.9% 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 25% per year whereas the company’s share price has increased by 28% per year.
Upcoming Dividend • Jun 10Upcoming dividend of NT$1.62 per shareEligible shareholders must have bought the stock before 17 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (4.1%).
Reported Earnings • May 09First quarter 2022 earnings released: EPS: NT$0.86 (vs NT$0.36 in 1Q 2021)First quarter 2022 results: EPS: NT$0.86 (up from NT$0.36 in 1Q 2021). Revenue: NT$5.65b (up 23% from 1Q 2021). Net income: NT$592.0m (up 150% from 1Q 2021). Profit margin: 11% (up from 5.2% 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 18% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chi-Chuan Kong was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 19Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$2.54 (up from NT$1.56 in FY 2020). Revenue: NT$20.7b (up 26% from FY 2020). Net income: NT$1.73b (up 73% from FY 2020). Profit margin: 8.3% (up from 6.1% 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 12% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Dec 02Upcoming dividend of NT$0.38 per shareEligible shareholders must have bought the stock before 09 December 2021. Payment date: 14 January 2022. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.0%).
Upcoming Dividend • Dec 02Upcoming dividend of NT$0.38 per shareEligible shareholders must have bought the stock before 09 December 2021. Payment date: 14 January 2022. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.0%).
Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.65 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.47b (up 34% from 3Q 2020). Net income: NT$703.4m (up 69% from 3Q 2020). Profit margin: 13% (up from 10% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS NT$0.49 (vs NT$0.35 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$4.90b (up 19% from 2Q 2020). Net income: NT$337.6m (up 51% from 2Q 2020). Profit margin: 6.9% (up from 5.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Aug 02Upcoming dividend of NT$1.02 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 01 September 2021. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.0%).
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$31.45, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 166% over the past three years.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.36 (vs NT$0.23 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.59b (up 21% from 1Q 2020). Net income: NT$237.0m (up 58% from 1Q 2020). Profit margin: 5.2% (up from 4.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Apr 20Chang Wah Electromaterials (TPE:8070) Is Doing The Right Things To Multiply Its Share PriceWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
공시 • Mar 19Chang Wah Electromaterials Inc., Annual General Meeting, Jun 17, 2021Chang Wah Electromaterials Inc., Annual General Meeting, Jun 17, 2021.
Reported Earnings • Mar 18Full year 2020 earnings released: EPS NT$1.56 (vs NT$1.72 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$16.4b (up 6.2% from FY 2019). Net income: NT$997.3m (down 9.2% from FY 2019). Profit margin: 6.1% (down from 7.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Mar 12Does Chang Wah Electromaterials (TPE:8070) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improved over the past weekAfter last week's 21% share price gain to NT$38.10, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 20.5x. This compares to an average P/E of 18x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 235%.
Is New 90 Day High Low • Feb 17New 90-day high: NT$34.65The company is up 49% from its price of NT$23.20 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 • Feb 10Is Chang Wah Electromaterials Inc. (TPE:8070) A Smart Pick For Income Investors?Is Chang Wah Electromaterials Inc. ( TPE:8070 ) a good dividend stock? How can we tell? Dividend paying companies with...
Is New 90 Day High Low • Jan 25New 90-day high: NT$32.15The company is up 45% from its price of NT$22.20 on 27 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 27% over the same period.
분석 기사 • Jan 20Boasting A 17% Return On Equity, Is Chang Wah Electromaterials Inc. (TPE:8070) A Top Quality Stock?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
분석 기사 • Dec 30Is There More Growth In Store For Chang Wah Electromaterials' (TPE:8070) Returns On Capital?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
분석 기사 • Dec 12Only Three Days Left To Cash In On Chang Wah Electromaterials' (TPE:8070) DividendChang Wah Electromaterials Inc. ( TPE:8070 ) is about to trade ex-dividend in the next 3 days. You will need to...
Upcoming Dividend • Dec 10Upcoming Dividend of NT$0.26 Per ShareWill be paid on the 15th of January to those who are registered shareholders by the 17th of December. The trailing yield of 4.2% is below the top quartile of Taiwanese dividend payers (5.1%), but it is higher than industry peers (3.3%).
Is New 90 Day High Low • Dec 09New 90-day high: NT$30.90The company is up 60% from its price of NT$19.30 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period.
Valuation Update With 7 Day Price Move • Nov 30Market bids up stock over the past weekAfter last week's 21% share price gain to NT$29.15, the stock is trading at a trailing P/E ratio of 19x, up from the previous P/E ratio of 15.6x. This compares to an average P/E of 17x in the Electronic industry in Taiwan. Total returns to shareholders over the past three years are 161%.
분석 기사 • Nov 25Is Chang Wah Electromaterials (TPE:8070) 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...
Reported Earnings • Nov 10Third quarter 2020 earnings released: EPS NT$0.65The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$4.08b (down 2.6% from 3Q 2019). Net income: NT$415.2m (up 28% from 3Q 2019). Profit margin: 10% (up from 7.7% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year.