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MarketScreener Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  TECO Electric Machinery Co Ltd    1504   TW0001504009

TECO ELECTRIC MACHINERY CO LTD

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Teco Electric & Machinery : 2015/08/13 TECO Announces 2Q15 Results

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08/18/2015 | 10:40pm EST
TECO Electric & Machinery Co., Ltd.

5F, 19-9, San Chong Road, Nan-Kang, Taipei 115, Taiwan

Tel: (8862) 2655-3333 | Fax: (8862) 2655-2259 | http://www.teco.com.tw

TECO Announces 2Q 2015 Results

Taipei, Taiwan, August 13th 2015 - TECO Electric and Machinery Co., Ltd., a leading manufacturer and service provider of motors, home appliances and information technology, today announced its financial results for 2Q 2015.

Consolidated Basis Unit: NT$1,000

Period

Item

2Q 2015

vs. 2Q 2014

(+/-%)

vs. 1Q 2015

(+/-%)

1H 2015

vs. 1H 2014

(+/-%)

Operating Revenue

12,159,518

-14.5%

3.8%

23,875,832

-13.9%

Gross Profit, net

3,067,055

-14.7%

0.3%

6,124,116

-11.1%

Operating Profit

902,872

-33.5%

-8.5%

1,889,555

-25.8%

Income Tax Expense

287,378

-34.1%

0.0%

574,762

-28.9%

Net Income(1)

912,961

-37.9%

23.9%

1,650,067

-29.2%

EPS(NT$)

0.46

0.83

(1) Excluding non-controlling interests.

Please find the details in the following pages.

1

For the second quarter of 2015, net revenue totaled NT$12,160 million and gross profit was NT$3,067 million. Operating profit came in at NT$903 million and net income was NT$913 million. Earnings per share was reported as NT$0.46.
Recurring operating revenue decreased by 14.0% as opposed to 2Q'14. Gross profit and operating profit decreased by 14.7% and 33.5% respectively. Net income decreased by 37.9%. The decrease in non- operating income was mainly due to the decrease in gain on disposal of property, plant and equipment in 2Q14. (See table 1)

Table 1

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

2Q ' 15 (3) 2Q ' 14(3)

YoY %

Amount % Amount %

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

12,159,518 100.0% 14,215,523 100.0% -14.5%

12,153,929 100.0% 14,140,253 99.5% -14.0%

5,589 0.0% 75,270 0.5% -92.6% (9,090,698) -74.8% (10,622,297) -74.7% -14.4%

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

3,067,055 25.2% 3,594,089 25.3% -14.7%

(2,164,183) -17.8% (2,235,549) -15.7% -3.2%

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

902,872 7.4% 1,358,540 9.6% -33.5%

377,554 3.1% 645,261 4.5% -41.5%

401,031 3.3% 239,230 1.7% 67.6% (25,533) -0.2% 416,819 2.9% - (46,475) -0.4% (57,741) -0.4% -19.5%

48,531 0.4% 46,953 0.3% 3.4%

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

1,280,426 10.5% 2,003,801 14.1% -36.1%

(287,378) -2.4% (435,920) -3.1% -34.1%

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

912,961 7.5%1,470,149 10.3% -37.9%

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

0.46 0.74

Note:

(1) Unrealized / realized gain on inter-affiliate accounts included. (2) Excluding non-controlling interests.

(3) Comply with IFRS.

2

Recurring operating revenue for 2Q'15 increased 4.7% over 1Q'15. Gross profit increased by 0.3% while operating profit decreased by 8.5%. Net income increased by 23.9%. The increase in non-operating income was mainly due to the increase in dividend income in 2Q15. (See table 2)

Table 2

(In NT$1,000, except EPS) Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

2Q ' 15 (3) 1Q ' 15 (3)

YoY %

Amount % Amount %

(In NT$1,000, except EPS) Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

12,159,518 100.0% 11,716,314 100.0% 3.8%

12,153,929 100.0% 11,611,465 99.1% 4.7%

5,589 0.0% 104,849 0.9% -94.7% (9,090,698) -74.8% (8,665,295) -74.0% 4.9%

(In NT$1,000, except EPS) Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

3,067,055 25.2% 3,057,061 26.1% 0.3%

(2,164,183) -17.8% (2,070,378) -17.7% 4.5%

(In NT$1,000, except EPS) Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

902,872 7.4% 986,683 8.4% -8.5%

377,554 3.1% 122,264 1.0% 208.8%

401,031 3.3% 182,502 1.6% 119.7% (25,533) -0.2% (59,340) -0.5% -57.0% (46,475) -0.4% (47,709) -0.4% -2.6%

48,531 0.4% 46,811 0.4% 3.7%

(In NT$1,000, except EPS) Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

1,280,426 10.5% 1,108,947 9.5% 15.5%

(287,378) -3.1% (287,384) -2.5% 0.0%

(In NT$1,000, except EPS) Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

912,961 10.3% 737,106 6.3% 23.9%

(In NT$1,000, except EPS) Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

0.46 0.37

Note:

(1) Unrealized / realized gain on inter-affiliate accounts included. (2) Excluding non-controlling interests.

(3) Comply with IFRS.

3

For the second half of 2015, operating revenue totaled NT$23,876 million and gross profit was NT$6,124 million. Operating profit came in at NT$1,890 million and net income was NT$1,650 million. Earnings per share was reported as NT$0.83.
Recurring operating revenue decreased by 13.8% as opposed to 1H'14. Gross profit and operating profit decreased by 11.1% and 25.8% respectively. Net income decreased by 29.2%. The increase in non-operating income was mainly due to the decrease in gain on disposal of property, plant and equipment in 2Q14. (See table 3)

Table 3

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

1H ' 15 (3) 1H ' 14 (3)

YoY %

Amount % Amount %

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

23,875,832 100.0% 27,740,150 100.0% -13.9%

23,765,394 99.5% 27,569,267 99.4% -13.8%

110,438 0.5% 170,883 0.6% -35.4% (17,755,993) -74.4% (20,855,862) -75.2% -14.9%

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

6,124,116 25.6% 6,885,682 24.8% -11.1%

(4,234,561) -17.7% (4,338,973) -15.6% -2.4%

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

1,889,555 7.9% 2,546,709 9.2% -25.8%

499,818 2.1% 780,731 2.8% -36.0%

583,533 2.4% 351,086 1.3% 66.2% (84,873) -0.4% 422,298 1.5% - (94,184) -0.4% (118,339) -0.4% -20.4%

95,342 0.4% 125,686 0.5% -24.1%

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

2,389,373 10.0% 3,327,440 12.0% -28.2%

(574,762) -2.4% (808,415) -3.4% -28.9%

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

1,650,067 6.9% 2,331,404 8.4% -29.2%

(In NT$1,000, except EPS)

Operating Revenue

Recurring Operating Revenue

Gain on Sales of Financial Assets

Operating Costs

Gross Profit, net (1)

Operating expenses

Operating Profit

Non-operating Income (Expense) Other Income

Other Gains and Losses

Financial Costs

Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method

Income before Tax

Income Tax Expense

Net Income (2)

EPS

0.83 1.18

4

Table 4

June 30, 2015 Mar 31, 2015 (In NT$1,000)

Cash & Cash Equivalents 15,435,742 15,089,115

Receivables 12,077,787 11,695,759

Inventories 11,364,491 11,346,602

Other Current Assets 3,267,607 3,276,139

Total Current Assets 42,145,627 41,407,615

Financial Assets

Available for sale - Non Current 12,711,851 12,796,759

Long-Term Investments

Under Equity Method 5,233,135 5,244,017

Other Non-Current Assets 19,673,485 19,666,389

Total Non-Current Assets 37,618,471 37,707,165

Total Assets 79,764,098 79,114,780

Current Liabilities 20,122,931 16,267,582

Bonds Payable 3,000,000 1,513,200

Long-Term Borrowings 1,385,135 4,333,160

Other Non-Current Liabilities 4,251,683 4,276,025

Total Non-Current Liabilities 8,636,818 10,122,385

Total Liabilities 28,759,749 26,389,967

Total Shareholders' Equity(1) 51,004,349 52,724,813

June 30, 2014

June 30, 2015 Mar 31, 2015 (In NT$1,000)

Cash & Cash Equivalents 15,435,742 15,089,115

Receivables 12,077,787 11,695,759

Inventories 11,364,491 11,346,602

Other Current Assets 3,267,607 3,276,139

Total Current Assets 42,145,627 41,407,615

Financial Assets

Available for sale - Non Current 12,711,851 12,796,759

Long-Term Investments

Under Equity Method 5,233,135 5,244,017

Other Non-Current Assets 19,673,485 19,666,389

Total Non-Current Assets 37,618,471 37,707,165

Total Assets 79,764,098 79,114,780

Current Liabilities 20,122,931 16,267,582

Bonds Payable 3,000,000 1,513,200

Long-Term Borrowings 1,385,135 4,333,160

Other Non-Current Liabilities 4,251,683 4,276,025

Total Non-Current Liabilities 8,636,818 10,122,385

Total Liabilities 28,759,749 26,389,967

Total Shareholders' Equity(1) 51,004,349 52,724,813

15,417,110

14,292,181

11,067,460

3,209,894

June 30, 2015 Mar 31, 2015 (In NT$1,000)

Cash & Cash Equivalents 15,435,742 15,089,115

Receivables 12,077,787 11,695,759

Inventories 11,364,491 11,346,602

Other Current Assets 3,267,607 3,276,139

Total Current Assets 42,145,627 41,407,615

Financial Assets

Available for sale - Non Current 12,711,851 12,796,759

Long-Term Investments

Under Equity Method 5,233,135 5,244,017

Other Non-Current Assets 19,673,485 19,666,389

Total Non-Current Assets 37,618,471 37,707,165

Total Assets 79,764,098 79,114,780

Current Liabilities 20,122,931 16,267,582

Bonds Payable 3,000,000 1,513,200

Long-Term Borrowings 1,385,135 4,333,160

Other Non-Current Liabilities 4,251,683 4,276,025

Total Non-Current Liabilities 8,636,818 10,122,385

Total Liabilities 28,759,749 26,389,967

Total Shareholders' Equity(1) 51,004,349 52,724,813

43,986,645

12,866,672

5,198,992

19,490,802

June 30, 2015 Mar 31, 2015 (In NT$1,000)

Cash & Cash Equivalents 15,435,742 15,089,115

Receivables 12,077,787 11,695,759

Inventories 11,364,491 11,346,602

Other Current Assets 3,267,607 3,276,139

Total Current Assets 42,145,627 41,407,615

Financial Assets

Available for sale - Non Current 12,711,851 12,796,759

Long-Term Investments

Under Equity Method 5,233,135 5,244,017

Other Non-Current Assets 19,673,485 19,666,389

Total Non-Current Assets 37,618,471 37,707,165

Total Assets 79,764,098 79,114,780

Current Liabilities 20,122,931 16,267,582

Bonds Payable 3,000,000 1,513,200

Long-Term Borrowings 1,385,135 4,333,160

Other Non-Current Liabilities 4,251,683 4,276,025

Total Non-Current Liabilities 8,636,818 10,122,385

Total Liabilities 28,759,749 26,389,967

Total Shareholders' Equity(1) 51,004,349 52,724,813

37,556,466

June 30, 2015 Mar 31, 2015 (In NT$1,000)

Cash & Cash Equivalents 15,435,742 15,089,115

Receivables 12,077,787 11,695,759

Inventories 11,364,491 11,346,602

Other Current Assets 3,267,607 3,276,139

Total Current Assets 42,145,627 41,407,615

Financial Assets

Available for sale - Non Current 12,711,851 12,796,759

Long-Term Investments

Under Equity Method 5,233,135 5,244,017

Other Non-Current Assets 19,673,485 19,666,389

Total Non-Current Assets 37,618,471 37,707,165

Total Assets 79,764,098 79,114,780

Current Liabilities 20,122,931 16,267,582

Bonds Payable 3,000,000 1,513,200

Long-Term Borrowings 1,385,135 4,333,160

Other Non-Current Liabilities 4,251,683 4,276,025

Total Non-Current Liabilities 8,636,818 10,122,385

Total Liabilities 28,759,749 26,389,967

Total Shareholders' Equity(1) 51,004,349 52,724,813

81,543,111

June 30, 2015 Mar 31, 2015 (In NT$1,000)

Cash & Cash Equivalents 15,435,742 15,089,115

Receivables 12,077,787 11,695,759

Inventories 11,364,491 11,346,602

Other Current Assets 3,267,607 3,276,139

Total Current Assets 42,145,627 41,407,615

Financial Assets

Available for sale - Non Current 12,711,851 12,796,759

Long-Term Investments

Under Equity Method 5,233,135 5,244,017

Other Non-Current Assets 19,673,485 19,666,389

Total Non-Current Assets 37,618,471 37,707,165

Total Assets 79,764,098 79,114,780

Current Liabilities 20,122,931 16,267,582

Bonds Payable 3,000,000 1,513,200

Long-Term Borrowings 1,385,135 4,333,160

Other Non-Current Liabilities 4,251,683 4,276,025

Total Non-Current Liabilities 8,636,818 10,122,385

Total Liabilities 28,759,749 26,389,967

Total Shareholders' Equity(1) 51,004,349 52,724,813

22,605,375

1,443,300

4,127,692

4,186,676

June 30, 2015 Mar 31, 2015 (In NT$1,000)

Cash & Cash Equivalents 15,435,742 15,089,115

Receivables 12,077,787 11,695,759

Inventories 11,364,491 11,346,602

Other Current Assets 3,267,607 3,276,139

Total Current Assets 42,145,627 41,407,615

Financial Assets

Available for sale - Non Current 12,711,851 12,796,759

Long-Term Investments

Under Equity Method 5,233,135 5,244,017

Other Non-Current Assets 19,673,485 19,666,389

Total Non-Current Assets 37,618,471 37,707,165

Total Assets 79,764,098 79,114,780

Current Liabilities 20,122,931 16,267,582

Bonds Payable 3,000,000 1,513,200

Long-Term Borrowings 1,385,135 4,333,160

Other Non-Current Liabilities 4,251,683 4,276,025

Total Non-Current Liabilities 8,636,818 10,122,385

Total Liabilities 28,759,749 26,389,967

Total Shareholders' Equity(1) 51,004,349 52,724,813

9,757,668

June 30, 2015 Mar 31, 2015 (In NT$1,000)

Cash & Cash Equivalents 15,435,742 15,089,115

Receivables 12,077,787 11,695,759

Inventories 11,364,491 11,346,602

Other Current Assets 3,267,607 3,276,139

Total Current Assets 42,145,627 41,407,615

Financial Assets

Available for sale - Non Current 12,711,851 12,796,759

Long-Term Investments

Under Equity Method 5,233,135 5,244,017

Other Non-Current Assets 19,673,485 19,666,389

Total Non-Current Assets 37,618,471 37,707,165

Total Assets 79,764,098 79,114,780

Current Liabilities 20,122,931 16,267,582

Bonds Payable 3,000,000 1,513,200

Long-Term Borrowings 1,385,135 4,333,160

Other Non-Current Liabilities 4,251,683 4,276,025

Total Non-Current Liabilities 8,636,818 10,122,385

Total Liabilities 28,759,749 26,389,967

Total Shareholders' Equity(1) 51,004,349 52,724,813

32,363,043

June 30, 2015 Mar 31, 2015 (In NT$1,000)

Cash & Cash Equivalents 15,435,742 15,089,115

Receivables 12,077,787 11,695,759

Inventories 11,364,491 11,346,602

Other Current Assets 3,267,607 3,276,139

Total Current Assets 42,145,627 41,407,615

Financial Assets

Available for sale - Non Current 12,711,851 12,796,759

Long-Term Investments

Under Equity Method 5,233,135 5,244,017

Other Non-Current Assets 19,673,485 19,666,389

Total Non-Current Assets 37,618,471 37,707,165

Total Assets 79,764,098 79,114,780

Current Liabilities 20,122,931 16,267,582

Bonds Payable 3,000,000 1,513,200

Long-Term Borrowings 1,385,135 4,333,160

Other Non-Current Liabilities 4,251,683 4,276,025

Total Non-Current Liabilities 8,636,818 10,122,385

Total Liabilities 28,759,749 26,389,967

Total Shareholders' Equity(1) 51,004,349 52,724,813

49,180,068

(1) Including non-controlling interests.

About TECO Electric & Machinery Co., Ltd.

TECO Electric & Machinery Co., Ltd. (TSE 1504) was founded in 1956 and has since been well known as one of world's leading motor-manufacturers. For 50 years and running, TECO has now engaged in various business sectors ranging from Industrial Products, Home Appliances, Mechanical and Electrical Construction, Key Components Manufacturing and Information Technology. Teco's consolidated revenue was NT$53.8 Billion for the 2014 fiscal year. More information is available at http://www.teco.com.tw

Investor Relations Contact PR Contact

Andy Chien Karen Lee

IR Officer PR Manager

Phone : 886-2-2655-3333 Ext. 3542 Phone : 886-2-2655-3333 Ext. 3579

Fax : 886-2-26552239 Fax : 886-2-2655-2261

Email : andy.chien@teco.com.tw Email : ycchen@teco.com.tw

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Financials (TWD)
Sales 2019 49 384 M
EBIT 2019 3 890 M
Net income 2019 3 466 M
Finance 2019 5 056 M
Yield 2019 3,52%
P/E ratio 2019 15,3x
P/E ratio 2020 15,1x
EV / Sales2019 0,96x
EV / Sales2020 0,91x
Capitalization 52 522 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 28,66  TWD
Last Close Price 27,00  TWD
Spread / Highest target 11,1%
Spread / Average Target 6,15%
Spread / Lowest Target -10,00%
EPS Revisions
Managers
NameTitle
Chun Chih Chiu Chairman, General Manager & Head-Finance
Hsien Sheng Kuo Director
Hung Hsiang Lin Director & Assistant Vice President
Mao Hsiung Huang Director
Po Chih Huang Director
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NORDEX SE69.26%1 533