TSRC Corporation

TWSE:2103 Stock Report

Market Cap: NT$16.7b

TSRC Past Earnings Performance

Past criteria checks 5/6

TSRC has been growing earnings at an average annual rate of 5.6%, while the Chemicals industry saw earnings growing at 7.6% annually. Revenues have been growing at an average rate of 5.3% per year. TSRC's return on equity is 6.3%, and it has net margins of 3.3%.

Key information

5.6%

Earnings growth rate

4.9%

EPS growth rate

Chemicals Industry Growth7.9%
Revenue growth rate5.3%
Return on equity6.3%
Net Margin3.3%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

TSRC (TWSE:2103) Is Paying Out Less In Dividends Than Last Year

Jun 19
TSRC (TWSE:2103) Is Paying Out Less In Dividends Than Last Year

Rainbows and Unicorns: TSRC Corporation (TPE:2103) Analysts Just Became A Lot More Optimistic

Apr 28
Rainbows and Unicorns: TSRC Corporation (TPE:2103) Analysts Just Became A Lot More Optimistic

Zooming in on TPE:2103's 1.3% Dividend Yield

Mar 22
Zooming in on TPE:2103's 1.3% Dividend Yield

Are Investors Concerned With What's Going On At TSRC (TPE:2103)?

Mar 01
Are Investors Concerned With What's Going On At TSRC (TPE:2103)?

Is TSRC Corporation (TPE:2103) Expensive For A Reason? A Look At Its Intrinsic Value

Feb 02
Is TSRC Corporation (TPE:2103) Expensive For A Reason? A Look At Its Intrinsic Value

Is TSRC (TPE:2103) A Risky Investment?

Jan 12
Is TSRC (TPE:2103) A Risky Investment?

Something To Consider Before Buying TSRC Corporation (TPE:2103) For The 2.2% Dividend

Dec 22
Something To Consider Before Buying TSRC Corporation (TPE:2103) For The 2.2% Dividend

Reflecting on TSRC's (TPE:2103) Share Price Returns Over The Last Three Years

Dec 01
Reflecting on TSRC's (TPE:2103) Share Price Returns Over The Last Three Years

Revenue & Expenses Breakdown

How TSRC makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TWSE:2103 Revenue, expenses and earnings (TWD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2435,5021,1642,390414
30 Jun 2433,2619692,262399
31 Mar 2432,0596852,225396
31 Dec 2331,4276802,192397
30 Sep 2331,0284442,163395
30 Jun 2332,0806792,311404
31 Mar 2333,3131,3872,446400
31 Dec 2233,8411,7832,719392
30 Sep 2234,4802,3852,915378
30 Jun 2233,4133,4332,921377
31 Mar 2232,9583,6862,929368
31 Dec 2132,5333,9312,772372
30 Sep 2130,7983,6082,545365
30 Jun 2128,7331,9352,341351
31 Mar 2125,7478162,114346
31 Dec 2024,024-221,947351
30 Sep 2024,480-1851,958376
30 Jun 2025,791651,992388
31 Mar 2027,8445162,064393
31 Dec 1928,9117402,070390
30 Sep 1929,0739992,102401
30 Jun 1929,6891,1812,078402
31 Mar 1929,7951,2402,066395
31 Dec 1829,7511,1922,051388
30 Sep 1829,8411,1422,036374
30 Jun 1829,8561,2362,054366
31 Mar 1830,5247571,999370
31 Dec 1731,7668741,970376
30 Sep 1731,8666181,927354
30 Jun 1730,8855691,898358
31 Mar 1729,5971,1171,919353
31 Dec 1626,9559881,900347
30 Sep 1626,0639921,898348
30 Jun 1625,9106681,846334
31 Mar 1625,3435581,822333
31 Dec 1525,9825291,812329
30 Sep 1527,6007701,772333
30 Jun 1529,0161,1041,780338
31 Mar 1530,6931,0801,860347
31 Dec 1431,8691,1411,844363
30 Sep 1431,1641,0601,867395
30 Jun 1431,2618891,903394
31 Mar 1432,2521,1751,856395
31 Dec 1334,4231,4951,938389

Quality Earnings: 2103 has high quality earnings.

Growing Profit Margin: 2103's current net profit margins (3.3%) are higher than last year (1.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 2103's earnings have grown by 5.6% per year over the past 5 years.

Accelerating Growth: 2103's earnings growth over the past year (162.2%) exceeds its 5-year average (5.6% per year).

Earnings vs Industry: 2103 earnings growth over the past year (162.2%) exceeded the Chemicals industry 14.3%.

Return on Equity

High ROE: 2103's Return on Equity (6.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 15:36
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TSRC Corporation is covered by 15 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Changming YehBarclays
Mike YangCGS International
Kenneth ShinCLSA