View Financial HealthWelldone 배당 및 자사주 매입배당 기준 점검 5/6Welldone 수익으로 충분히 충당되는 현재 수익률 7.91% 보유한 배당금 지급 회사입니다.핵심 정보7.9%배당 수익률-0.0006%자사주 매입 수익률총 주주 수익률7.9%미래 배당 수익률n/a배당 성장률20.0%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향89%최근 배당 및 자사주 매입 업데이트Declared Dividend • Jun 25Dividend increased to NT$3.11Dividend of NT$3.11 is 14% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (90.4% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.Upcoming Dividend • Jul 08Upcoming dividend of NT$2.73 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 09 August 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.9%).Upcoming Dividend • Jul 11Upcoming dividend of NT$2.10 per share at 4.8% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 10 August 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.1%).Upcoming Dividend • Jul 07Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).Upcoming Dividend • Jun 25Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 02 July 2021. Payment date: 29 July 2021. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.7%).모든 업데이트 보기Recent updatesReported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.99 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.99 in 1Q 2025). Revenue: NT$823.2m (flat on 1Q 2025). Net income: NT$105.7m (up 10.0% from 1Q 2025). Profit margin: 13% (up from 12% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$4.49 (vs NT$3.39 in FY 2024)Full year 2025 results: EPS: NT$4.49 (up from NT$3.39 in FY 2024). Revenue: NT$3.19b (up 9.7% from FY 2024). Net income: NT$437.2m (up 32% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공시 • Mar 16Welldone Company, Annual General Meeting, Jun 11, 2026Welldone Company, Annual General Meeting, Jun 11, 2026, at 09:00 Taipei Standard Time. Location: no,181, an mei st., neihu district, taipei city Taiwan공시 • Jan 09The Securities and Futures Investors Protection Center Files Commercial Lawsuit Against Welldone CompanyThe Securities and Futures Investors Protection Center has filed a commercial lawsuit against Welldone Company and the legal representative. Parties to the legal matter: Welldone Company and the company's legal representative Alexander Chen; Name of the court or punishing agency of the legal matter: Intellectual Property and Commercial Court; Reference/Case number of relevant documents of the legal matter: Zhiyuan Juntian 114th Annual Commercial Investigation No. 37; Date of occurrence of the event: January 08, 2026; Details of occurrence (including the matter under dispute): company's legal representative, Alexander Chen, formerly served as the head of an invested company and was indicted for allegedly violatingthe Commercial Accounting Act; the case has entered the judicial process. The Securities and Futures Investors Protection Cente believes that Alexander Chen has violated the Securities and Exchange Act and has filed a lawsuit to remove him from the board of directors. Handling procedure: A lawyer has been appointed to handle the matter in accordance with the law. Impact on the Company’s finance and business and projected amount: It has not had any impact on the company's finances or operations.Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.60 (vs NT$0.51 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.60 (up from NT$0.51 in 3Q 2024). Revenue: NT$813.5m (up 10% from 3Q 2024). Net income: NT$155.3m (up 215% from 3Q 2024). Profit margin: 19% (up from 6.7% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year.Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: NT$0.80 (vs NT$0.48 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.80 (up from NT$0.48 in 2Q 2024). Revenue: NT$785.5m (up 13% from 2Q 2024). Net income: NT$77.7m (up 65% from 2Q 2024). Profit margin: 9.9% (up from 6.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Jun 25Dividend increased to NT$3.11Dividend of NT$3.11 is 14% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (90.4% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$0.99 (vs NT$0.94 in 1Q 2024)First quarter 2025 results: EPS: NT$0.99 (up from NT$0.94 in 1Q 2024). Revenue: NT$817.9m (up 17% from 1Q 2024). Net income: NT$96.0m (up 5.0% from 1Q 2024). Profit margin: 12% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 01Welldone Company to Report Q1, 2025 Results on May 09, 2025Welldone Company announced that they will report Q1, 2025 results on May 09, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$44.15, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 25x in the Telecom industry in Taiwan. Total returns to shareholders of 66% over the past three years.Reported Earnings • Apr 01Full year 2024 earnings released: EPS: NT$3.39 (vs NT$2.74 in FY 2023)Full year 2024 results: EPS: NT$3.39 (up from NT$2.74 in FY 2023). Revenue: NT$2.91b (up 28% from FY 2023). Net income: NT$330.1m (up 33% from FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.공시 • Mar 19Welldone Company, Annual General Meeting, Jun 11, 2025Welldone Company, Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: no,181, an mei st., neihu district, taipei city TaiwanReported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.51 (vs NT$1.35 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.51 (down from NT$1.35 in 3Q 2023). Revenue: NT$736.9m (up 25% from 3Q 2023). Net income: NT$49.3m (down 60% from 3Q 2023). Profit margin: 6.7% (down from 21% in 3Q 2023). 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 only increased by 1% per year, which means it is significantly lagging earnings growth.공시 • Nov 02Welldone Company to Report Q3, 2024 Results on Nov 08, 2024Welldone Company announced that they will report Q3, 2024 results on Nov 08, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.49 (vs NT$0.73 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.49 (down from NT$0.73 in 2Q 2023). Revenue: NT$693.9m (up 36% from 2Q 2023). Net income: NT$47.2m (down 26% from 2Q 2023). Profit margin: 6.8% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.공시 • Aug 02Welldone Company to Report Q2, 2024 Results on Aug 09, 2024Welldone Company announced that they will report Q2, 2024 results on Aug 09, 2024Upcoming Dividend • Jul 08Upcoming dividend of NT$2.73 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 09 August 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.9%).New Risk • Jun 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding).Buy Or Sell Opportunity • Jun 03Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.3% to NT$57.70. The fair value is estimated to be NT$47.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 21%.Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.94 (vs NT$0.57 in 1Q 2023)First quarter 2024 results: EPS: NT$0.94 (up from NT$0.57 in 1Q 2023). Revenue: NT$700.4m (up 29% from 1Q 2023). Net income: NT$91.5m (up 84% from 1Q 2023). Profit margin: 13% (up from 9.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 05Welldone Company to Report Q1, 2024 Results on May 10, 2024Welldone Company announced that they will report Q1, 2024 results on May 10, 2024New Risk • Apr 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (131% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding).공시 • Apr 10Welldone Company has filed a Follow-on Equity Offering in the amount of TWD 72 million.Welldone Company has filed a Follow-on Equity Offering in the amount of TWD 72 million. Security Name: Shares Security Type: Common Stock Securities Offered: 300,000 Price\Range: TWD 24 Security Name: Shares Security Type: Common Stock Securities Offered: 2,700,000 Price\Range: TWD 24 Transaction Features: Reserved Share OfferingReported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$2.74 (vs NT$2.73 in FY 2022)Full year 2023 results: EPS: NT$2.74 (up from NT$2.73 in FY 2022). Revenue: NT$2.26b (down 8.4% from FY 2022). Net income: NT$249.1m (up 4.7% from FY 2022). Profit margin: 11% (up from 9.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.공시 • Mar 16Welldone Company, Annual General Meeting, Jun 12, 2024Welldone Company, Annual General Meeting, Jun 12, 2024. Location: No 181, Anmei St., Neihu District Taipei City Taiwan Agenda: To consider 2023 business report; to consider audit Committee's review of the 2023 annual final accounting books and statements; to consider 2023 employees' and directors' remuneration; to consider 2023 Earnings Distribution and cash dividend; to consider private placement securities management status report; to consider amendments to the corporate charter; and to transact other business.Buy Or Sell Opportunity • Feb 19Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 8.6% to NT$58.30. The fair value is estimated to be NT$47.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 24%.Buy Or Sell Opportunity • Jan 22Now 22% overvaluedOver the last 90 days, the stock has fallen 3.9% to NT$54.00. The fair value is estimated to be NT$44.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 24%.New Risk • Dec 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).New Risk • Nov 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change).Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$57.50, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 24x in the Telecom industry in Taiwan. Total returns to shareholders of 247% over the past three years.Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.73 (vs NT$1.17 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.73 (down from NT$1.17 in 2Q 2022). Revenue: NT$510.5m (down 32% from 2Q 2022). Net income: NT$64.1m (down 37% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.공시 • Aug 04Welldone Company announced that it expects to receive TWD 400.5 million in funding from Acer IncorporatedWelldone Company announced that it will issue 10,000,000 shares at an issue price of TWD 40.05 per share for proceeds of TWD 400,500,000 on August 3, 2023. The transaction will include participation from new investor Acer Incorporated. The transaction was approved by the board of directors of the investor.Upcoming Dividend • Jul 11Upcoming dividend of NT$2.10 per share at 4.8% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 10 August 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.1%).Reported Earnings • Mar 29Full year 2022 earnings released: EPS: NT$2.73 (vs NT$1.86 in FY 2021)Full year 2022 results: EPS: NT$2.73 (up from NT$1.86 in FY 2021). Revenue: NT$2.47b (down 17% from FY 2021). Net income: NT$237.9m (up 47% from FY 2021). Profit margin: 9.6% (up from 5.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.65 (vs NT$0.40 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.65 (up from NT$0.40 in 3Q 2021). Revenue: NT$457.6m (down 40% from 3Q 2021). Net income: NT$56.8m (up 61% from 3Q 2021). Profit margin: 12% (up from 4.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$1.17 (vs NT$0.20 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.17 (up from NT$0.20 in 2Q 2021). Revenue: NT$754.1m (up 2.1% from 2Q 2021). Net income: NT$102.1m (up 477% from 2Q 2021). Profit margin: 14% (up from 2.4% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 07Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$29.20, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 18x in the Telecom industry in Taiwan. Total returns to shareholders of 128% over the past three years.Buying Opportunity • Jun 16Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 1.1%. The fair value is estimated to be NT$41.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has grown by 43%.Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.54 (vs NT$0.44 in 1Q 2021)First quarter 2022 results: EPS: NT$0.54 (up from NT$0.44 in 1Q 2021). Revenue: NT$768.6m (up 6.8% from 1Q 2021). Net income: NT$46.9m (up 22% from 1Q 2021). Profit margin: 6.1% (up from 5.3% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Buying Opportunity • Apr 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 26%. The fair value is estimated to be NT$36.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has grown by 54%.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$30.60, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 26x in the Telecom industry in Taiwan. Total returns to shareholders of 162% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.59 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$759.4m (down 29% from 3Q 2020). Net income: NT$35.2m (down 32% from 3Q 2020). Profit margin: 4.6% (down from 4.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 66% per year whereas the company’s share price has increased by 69% per year.Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$51.70, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 30x in the Telecom industry in Taiwan. Total returns to shareholders of 485% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.34 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$738.7m (down 20% from 2Q 2020). Net income: NT$17.7m (down 41% from 2Q 2020). Profit margin: 2.4% (down from 3.3% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$47.15, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 34x in the Telecom industry in Taiwan. Total returns to shareholders of 334% over the past three years.Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$30.05, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 34x in the Telecom industry in Taiwan. Total returns to shareholders of 167% over the past three years.Upcoming Dividend • Jun 25Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 02 July 2021. Payment date: 29 July 2021. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.7%).Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.44 (vs NT$0.30 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$719.5m (down 7.4% from 1Q 2020). Net income: NT$38.3m (up 48% from 1Q 2020). Profit margin: 5.3% (up from 3.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$22.15, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 32x in the Telecom industry in Taiwan. Total returns to shareholders of 107% over the past three years.분석 기사 • Apr 08Should Welldone Company (GTSM:6170) Be Part Of Your Dividend Portfolio?Could Welldone Company ( GTSM:6170 ) be an attractive dividend share to own for the long haul? Investors are often...Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$1.63 (vs NT$0.95 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$3.56b (down 7.4% from FY 2019). Net income: NT$142.0m (up 66% from FY 2019). Profit margin: 4.0% (up from 2.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.분석 기사 • Mar 22Is Welldone (GTSM:6170) A Risky Investment?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 • Mar 02Welldone (GTSM:6170) Shareholders Have Enjoyed A 75% Share Price GainWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...분석 기사 • Feb 15Does Welldone (GTSM:6170) Have The Makings Of A Multi-Bagger?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Is New 90 Day High Low • Feb 04New 90-day low: NT$16.70The company is down 11% from its price of NT$18.70 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 1.0% over the same period.분석 기사 • Feb 02Declining Stock and Solid Fundamentals: Is The Market Wrong About Welldone Company (GTSM:6170)?With its stock down 14% over the past month, it is easy to disregard Welldone (GTSM:6170). But if you pay close...분석 기사 • Jan 18Calculating The Intrinsic Value Of Welldone Company (GTSM:6170)Does the January share price for Welldone Company ( GTSM:6170 ) reflect what it's really worth? Today, we will estimate...Is New 90 Day High Low • Jan 18New 90-day low: NT$17.30The company is down 4.0% from its price of NT$18.05 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 3.0% over the same period.분석 기사 • Jan 05With EPS Growth And More, Welldone (GTSM:6170) Is InterestingSome have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...분석 기사 • Dec 21Should Welldone Company (GTSM:6170) Be Part Of Your Dividend Portfolio?Could Welldone Company ( GTSM:6170 ) be an attractive dividend share to own for the long haul? Investors are often...분석 기사 • Dec 08We're Not So Sure You Should Rely on Welldone's (GTSM:6170) Statutory EarningsMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...Is New 90 Day High Low • Nov 26New 90-day high: NT$20.10The company is up 5.0% from its price of NT$19.15 on 28 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is flat over the same period.분석 기사 • Nov 24Should Welldone (GTSM:6170) Be Disappointed With Their 92% Profit?When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.59The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.07b (up 2.6% from 3Q 2019). Net income: NT$51.5m (up 74% from 3Q 2019). Profit margin: 4.8% (up from 2.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 6170 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 6170 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Welldone 배당 수익률 vs 시장6170의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (6170)7.9%시장 하위 25% (TW)1.5%시장 상위 25% (TW)5.1%업계 평균 (Telecom)3.8%분석가 예측 (6170) (최대 3년)n/a주목할만한 배당금: 6170 의 배당금( 7.91% )은 TW 시장에서 배당금 지급자의 하위 25%( 1.48% )보다 높습니다.고배당: 6170 의 배당금( 7.91% )은 TW 시장( 5.06% )주주 대상 이익 배당수익 보장: 현재 지불 비율 ( 89% )에서 6170 의 지불은 수입으로 충당됩니다.주주 현금 배당현금 흐름 범위: 합리적인 현금 지급 비율 ( 69.8% )로 6170 의 배당금 지급은 현금 흐름으로 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTW 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 21:51종가2026/05/21 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 소스Welldone Company는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Declared Dividend • Jun 25Dividend increased to NT$3.11Dividend of NT$3.11 is 14% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (90.4% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
Upcoming Dividend • Jul 08Upcoming dividend of NT$2.73 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 09 August 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.9%).
Upcoming Dividend • Jul 11Upcoming dividend of NT$2.10 per share at 4.8% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 10 August 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.1%).
Upcoming Dividend • Jul 07Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).
Upcoming Dividend • Jun 25Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 02 July 2021. Payment date: 29 July 2021. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.7%).
Reported Earnings • May 16First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.99 in 1Q 2025)First quarter 2026 results: EPS: NT$1.00 (up from NT$0.99 in 1Q 2025). Revenue: NT$823.2m (flat on 1Q 2025). Net income: NT$105.7m (up 10.0% from 1Q 2025). Profit margin: 13% (up from 12% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 28Full year 2025 earnings released: EPS: NT$4.49 (vs NT$3.39 in FY 2024)Full year 2025 results: EPS: NT$4.49 (up from NT$3.39 in FY 2024). Revenue: NT$3.19b (up 9.7% from FY 2024). Net income: NT$437.2m (up 32% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공시 • Mar 16Welldone Company, Annual General Meeting, Jun 11, 2026Welldone Company, Annual General Meeting, Jun 11, 2026, at 09:00 Taipei Standard Time. Location: no,181, an mei st., neihu district, taipei city Taiwan
공시 • Jan 09The Securities and Futures Investors Protection Center Files Commercial Lawsuit Against Welldone CompanyThe Securities and Futures Investors Protection Center has filed a commercial lawsuit against Welldone Company and the legal representative. Parties to the legal matter: Welldone Company and the company's legal representative Alexander Chen; Name of the court or punishing agency of the legal matter: Intellectual Property and Commercial Court; Reference/Case number of relevant documents of the legal matter: Zhiyuan Juntian 114th Annual Commercial Investigation No. 37; Date of occurrence of the event: January 08, 2026; Details of occurrence (including the matter under dispute): company's legal representative, Alexander Chen, formerly served as the head of an invested company and was indicted for allegedly violatingthe Commercial Accounting Act; the case has entered the judicial process. The Securities and Futures Investors Protection Cente believes that Alexander Chen has violated the Securities and Exchange Act and has filed a lawsuit to remove him from the board of directors. Handling procedure: A lawyer has been appointed to handle the matter in accordance with the law. Impact on the Company’s finance and business and projected amount: It has not had any impact on the company's finances or operations.
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: NT$1.60 (vs NT$0.51 in 3Q 2024)Third quarter 2025 results: EPS: NT$1.60 (up from NT$0.51 in 3Q 2024). Revenue: NT$813.5m (up 10% from 3Q 2024). Net income: NT$155.3m (up 215% from 3Q 2024). Profit margin: 19% (up from 6.7% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year.
Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: NT$0.80 (vs NT$0.48 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.80 (up from NT$0.48 in 2Q 2024). Revenue: NT$785.5m (up 13% from 2Q 2024). Net income: NT$77.7m (up 65% from 2Q 2024). Profit margin: 9.9% (up from 6.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Jun 25Dividend increased to NT$3.11Dividend of NT$3.11 is 14% higher than last year. Ex-date: 10th July 2025 Payment date: 8th August 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (90.4% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: NT$0.99 (vs NT$0.94 in 1Q 2024)First quarter 2025 results: EPS: NT$0.99 (up from NT$0.94 in 1Q 2024). Revenue: NT$817.9m (up 17% from 1Q 2024). Net income: NT$96.0m (up 5.0% from 1Q 2024). Profit margin: 12% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 01Welldone Company to Report Q1, 2025 Results on May 09, 2025Welldone Company announced that they will report Q1, 2025 results on May 09, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to NT$44.15, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 25x in the Telecom industry in Taiwan. Total returns to shareholders of 66% over the past three years.
Reported Earnings • Apr 01Full year 2024 earnings released: EPS: NT$3.39 (vs NT$2.74 in FY 2023)Full year 2024 results: EPS: NT$3.39 (up from NT$2.74 in FY 2023). Revenue: NT$2.91b (up 28% from FY 2023). Net income: NT$330.1m (up 33% from FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Mar 19Welldone Company, Annual General Meeting, Jun 11, 2025Welldone Company, Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: no,181, an mei st., neihu district, taipei city Taiwan
Reported Earnings • Nov 18Third quarter 2024 earnings released: EPS: NT$0.51 (vs NT$1.35 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.51 (down from NT$1.35 in 3Q 2023). Revenue: NT$736.9m (up 25% from 3Q 2023). Net income: NT$49.3m (down 60% from 3Q 2023). Profit margin: 6.7% (down from 21% in 3Q 2023). 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 only increased by 1% per year, which means it is significantly lagging earnings growth.
공시 • Nov 02Welldone Company to Report Q3, 2024 Results on Nov 08, 2024Welldone Company announced that they will report Q3, 2024 results on Nov 08, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.49 (vs NT$0.73 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.49 (down from NT$0.73 in 2Q 2023). Revenue: NT$693.9m (up 36% from 2Q 2023). Net income: NT$47.2m (down 26% from 2Q 2023). Profit margin: 6.8% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
공시 • Aug 02Welldone Company to Report Q2, 2024 Results on Aug 09, 2024Welldone Company announced that they will report Q2, 2024 results on Aug 09, 2024
Upcoming Dividend • Jul 08Upcoming dividend of NT$2.73 per shareEligible shareholders must have bought the stock before 15 July 2024. Payment date: 09 August 2024. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.9%).
New Risk • Jun 12New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding).
Buy Or Sell Opportunity • Jun 03Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.3% to NT$57.70. The fair value is estimated to be NT$47.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 21%.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: NT$0.94 (vs NT$0.57 in 1Q 2023)First quarter 2024 results: EPS: NT$0.94 (up from NT$0.57 in 1Q 2023). Revenue: NT$700.4m (up 29% from 1Q 2023). Net income: NT$91.5m (up 84% from 1Q 2023). Profit margin: 13% (up from 9.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 05Welldone Company to Report Q1, 2024 Results on May 10, 2024Welldone Company announced that they will report Q1, 2024 results on May 10, 2024
New Risk • Apr 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (131% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding).
공시 • Apr 10Welldone Company has filed a Follow-on Equity Offering in the amount of TWD 72 million.Welldone Company has filed a Follow-on Equity Offering in the amount of TWD 72 million. Security Name: Shares Security Type: Common Stock Securities Offered: 300,000 Price\Range: TWD 24 Security Name: Shares Security Type: Common Stock Securities Offered: 2,700,000 Price\Range: TWD 24 Transaction Features: Reserved Share Offering
Reported Earnings • Apr 03Full year 2023 earnings released: EPS: NT$2.74 (vs NT$2.73 in FY 2022)Full year 2023 results: EPS: NT$2.74 (up from NT$2.73 in FY 2022). Revenue: NT$2.26b (down 8.4% from FY 2022). Net income: NT$249.1m (up 4.7% from FY 2022). Profit margin: 11% (up from 9.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Mar 16Welldone Company, Annual General Meeting, Jun 12, 2024Welldone Company, Annual General Meeting, Jun 12, 2024. Location: No 181, Anmei St., Neihu District Taipei City Taiwan Agenda: To consider 2023 business report; to consider audit Committee's review of the 2023 annual final accounting books and statements; to consider 2023 employees' and directors' remuneration; to consider 2023 Earnings Distribution and cash dividend; to consider private placement securities management status report; to consider amendments to the corporate charter; and to transact other business.
Buy Or Sell Opportunity • Feb 19Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 8.6% to NT$58.30. The fair value is estimated to be NT$47.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 24%.
Buy Or Sell Opportunity • Jan 22Now 22% overvaluedOver the last 90 days, the stock has fallen 3.9% to NT$54.00. The fair value is estimated to be NT$44.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 24%.
New Risk • Dec 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding).
New Risk • Nov 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change).
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$57.50, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 24x in the Telecom industry in Taiwan. Total returns to shareholders of 247% over the past three years.
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: NT$0.73 (vs NT$1.17 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.73 (down from NT$1.17 in 2Q 2022). Revenue: NT$510.5m (down 32% from 2Q 2022). Net income: NT$64.1m (down 37% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Aug 04Welldone Company announced that it expects to receive TWD 400.5 million in funding from Acer IncorporatedWelldone Company announced that it will issue 10,000,000 shares at an issue price of TWD 40.05 per share for proceeds of TWD 400,500,000 on August 3, 2023. The transaction will include participation from new investor Acer Incorporated. The transaction was approved by the board of directors of the investor.
Upcoming Dividend • Jul 11Upcoming dividend of NT$2.10 per share at 4.8% yieldEligible shareholders must have bought the stock before 18 July 2023. Payment date: 10 August 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (4.1%).
Reported Earnings • Mar 29Full year 2022 earnings released: EPS: NT$2.73 (vs NT$1.86 in FY 2021)Full year 2022 results: EPS: NT$2.73 (up from NT$1.86 in FY 2021). Revenue: NT$2.47b (down 17% from FY 2021). Net income: NT$237.9m (up 47% from FY 2021). Profit margin: 9.6% (up from 5.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: NT$0.65 (vs NT$0.40 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.65 (up from NT$0.40 in 3Q 2021). Revenue: NT$457.6m (down 40% from 3Q 2021). Net income: NT$56.8m (up 61% from 3Q 2021). Profit margin: 12% (up from 4.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: NT$1.17 (vs NT$0.20 in 2Q 2021)Second quarter 2022 results: EPS: NT$1.17 (up from NT$0.20 in 2Q 2021). Revenue: NT$754.1m (up 2.1% from 2Q 2021). Net income: NT$102.1m (up 477% from 2Q 2021). Profit margin: 14% (up from 2.4% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 07Upcoming dividend of NT$1.60 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 10 August 2022. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.1%).
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$29.20, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 18x in the Telecom industry in Taiwan. Total returns to shareholders of 128% over the past three years.
Buying Opportunity • Jun 16Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 1.1%. The fair value is estimated to be NT$41.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has grown by 43%.
Reported Earnings • May 17First quarter 2022 earnings released: EPS: NT$0.54 (vs NT$0.44 in 1Q 2021)First quarter 2022 results: EPS: NT$0.54 (up from NT$0.44 in 1Q 2021). Revenue: NT$768.6m (up 6.8% from 1Q 2021). Net income: NT$46.9m (up 22% from 1Q 2021). Profit margin: 6.1% (up from 5.3% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Buying Opportunity • Apr 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 26%. The fair value is estimated to be NT$36.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has grown by 54%.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to NT$30.60, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 26x in the Telecom industry in Taiwan. Total returns to shareholders of 162% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.59 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$759.4m (down 29% from 3Q 2020). Net income: NT$35.2m (down 32% from 3Q 2020). Profit margin: 4.6% (down from 4.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 66% per year whereas the company’s share price has increased by 69% per year.
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$51.70, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 30x in the Telecom industry in Taiwan. Total returns to shareholders of 485% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS NT$0.20 (vs NT$0.34 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$738.7m (down 20% from 2Q 2020). Net income: NT$17.7m (down 41% from 2Q 2020). Profit margin: 2.4% (down from 3.3% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improved over the past weekAfter last week's 22% share price gain to NT$47.15, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 34x in the Telecom industry in Taiwan. Total returns to shareholders of 334% over the past three years.
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 23% share price gain to NT$30.05, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 34x in the Telecom industry in Taiwan. Total returns to shareholders of 167% over the past three years.
Upcoming Dividend • Jun 25Upcoming dividend of NT$1.40 per shareEligible shareholders must have bought the stock before 02 July 2021. Payment date: 29 July 2021. Trailing yield: 5.6%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.7%).
Reported Earnings • May 16First quarter 2021 earnings released: EPS NT$0.44 (vs NT$0.30 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$719.5m (down 7.4% from 1Q 2020). Net income: NT$38.3m (up 48% from 1Q 2020). Profit margin: 5.3% (up from 3.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to NT$22.15, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 32x in the Telecom industry in Taiwan. Total returns to shareholders of 107% over the past three years.
분석 기사 • Apr 08Should Welldone Company (GTSM:6170) Be Part Of Your Dividend Portfolio?Could Welldone Company ( GTSM:6170 ) be an attractive dividend share to own for the long haul? Investors are often...
Reported Earnings • Mar 24Full year 2020 earnings released: EPS NT$1.63 (vs NT$0.95 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$3.56b (down 7.4% from FY 2019). Net income: NT$142.0m (up 66% from FY 2019). Profit margin: 4.0% (up from 2.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
분석 기사 • Mar 22Is Welldone (GTSM:6170) A Risky Investment?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 • Mar 02Welldone (GTSM:6170) Shareholders Have Enjoyed A 75% Share Price GainWhen you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...
분석 기사 • Feb 15Does Welldone (GTSM:6170) Have The Makings Of A Multi-Bagger?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Is New 90 Day High Low • Feb 04New 90-day low: NT$16.70The company is down 11% from its price of NT$18.70 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 1.0% over the same period.
분석 기사 • Feb 02Declining Stock and Solid Fundamentals: Is The Market Wrong About Welldone Company (GTSM:6170)?With its stock down 14% over the past month, it is easy to disregard Welldone (GTSM:6170). But if you pay close...
분석 기사 • Jan 18Calculating The Intrinsic Value Of Welldone Company (GTSM:6170)Does the January share price for Welldone Company ( GTSM:6170 ) reflect what it's really worth? Today, we will estimate...
Is New 90 Day High Low • Jan 18New 90-day low: NT$17.30The company is down 4.0% from its price of NT$18.05 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 3.0% over the same period.
분석 기사 • Jan 05With EPS Growth And More, Welldone (GTSM:6170) Is InterestingSome have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
분석 기사 • Dec 21Should Welldone Company (GTSM:6170) Be Part Of Your Dividend Portfolio?Could Welldone Company ( GTSM:6170 ) be an attractive dividend share to own for the long haul? Investors are often...
분석 기사 • Dec 08We're Not So Sure You Should Rely on Welldone's (GTSM:6170) Statutory EarningsMany investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Is New 90 Day High Low • Nov 26New 90-day high: NT$20.10The company is up 5.0% from its price of NT$19.15 on 28 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is flat over the same period.
분석 기사 • Nov 24Should Welldone (GTSM:6170) Be Disappointed With Their 92% Profit?When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.59The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.07b (up 2.6% from 3Q 2019). Net income: NT$51.5m (up 74% from 3Q 2019). Profit margin: 4.8% (up from 2.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.