Declared Dividend • Jun 06
Dividend reduced to NT$7.72 Dividend of NT$7.72 is 40% lower than last year. Ex-date: 1st July 2026 Payment date: 24th July 2026 Dividend yield will be 4.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. EPS is expected to grow by 39% over the next year, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • May 08
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$3.26 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (down from NT$3.26 in 1Q 2025). Revenue: NT$4.50b (down 3.4% from 1Q 2025). Net income: NT$224.3m (down 43% from 1Q 2025). Profit margin: 5.0% (down from 8.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year. Reported Earnings • Mar 08
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: NT$9.65 (down from NT$16.08 in FY 2024). Revenue: NT$18.0b (down 6.3% from FY 2024). Net income: NT$1.17b (down 40% from FY 2024). Profit margin: 6.5% (down from 10% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 17% per year. Announcement • Mar 06
Fitipower Integrated Technology Inc., Annual General Meeting, May 29, 2026 Fitipower Integrated Technology Inc., Annual General Meeting, May 29, 2026. Location: no,2, chan yeh 1st rd., hsinchu science park, hsinchu city Taiwan Reported Earnings • Nov 01
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: NT$2.20 (down from NT$4.19 in 3Q 2024). Revenue: NT$4.27b (down 20% from 3Q 2024). Net income: NT$267.3m (down 47% from 3Q 2024). Profit margin: 6.3% (down from 9.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to NT$158. The fair value is estimated to be NT$198, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.1% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 0.6% in a year. Earnings are forecast to decline by 4.5% in the next year. Reported Earnings • Aug 04
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: NT$2.62 (down from NT$4.91 in 2Q 2024). Revenue: NT$5.08b (up 1.1% from 2Q 2024). Net income: NT$317.2m (down 47% from 2Q 2024). Profit margin: 6.2% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$188, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$166 per share. Price Target Changed • Jul 03
Price target decreased by 10% to NT$223 Down from NT$248, the current price target is an average from 2 analysts. New target price is 14% above last closing price of NT$196. Stock is down 30% over the past year. The company is forecast to post earnings per share of NT$16.31 for next year compared to NT$16.08 last year. Upcoming Dividend • Jun 24
Upcoming dividend of NT$12.87 per share Eligible shareholders must have bought the stock before 01 July 2025. Payment date: 25 July 2025. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%). Declared Dividend • Jun 06
Dividend increased to NT$12.87 Dividend of NT$12.87 is 21% higher than last year. Ex-date: 1st July 2025 Payment date: 25th July 2025 Dividend yield will be 6.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not covered by cash flows (250% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 01
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: NT$3.26 (up from NT$3.17 in 1Q 2024). Revenue: NT$4.66b (up 25% from 1Q 2024). Net income: NT$394.8m (up 2.8% from 1Q 2024). Profit margin: 8.5% (down from 10% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Fitipower Integrated Technology Inc. to Report Q1, 2025 Results on Apr 30, 2025 Fitipower Integrated Technology Inc. announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$175, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total loss to shareholders of 27% over the past three years. Major Estimate Revision • Apr 08
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$21.9b to NT$19.5b. EPS estimate fell from NT$18.05 to NT$17.61 per share. Net income forecast to grow 9.6% next year vs 24% growth forecast for Semiconductor industry in Taiwan. Consensus price target down from NT$268 to NT$235. Share price fell 8.8% to NT$192 over the past week. Announcement • Apr 02
Fitipower Integrated Technology Inc. announced a financing transaction Fitipower Integrated Technology Inc. announced a private placement to issue 10,000,000 shares on March 31, 2025. The transaction has been approved by shareholders. Announcement • Apr 01
Fitipower Integrated Technology Inc. Announces Cash Dividend Distribution for the Period from January 1, 2024 to December 31, 2024 Fitipower's board of directors’ resolution for dividend distribution of TWD 12.87 per share for the period from January 1, 2024 to December 31, 2024.
Total amount of cash distributed to shareholders is TWD 1,560,533,871. Reported Earnings • Feb 28
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: NT$16.08. Revenue: NT$19.2b (up 18% from FY 2023). Net income: NT$1.95b (down 9.5% from FY 2023). Profit margin: 10% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Announcement • Feb 27
Fitipower Integrated Technology Inc., Annual General Meeting, May 26, 2025 Fitipower Integrated Technology Inc., Annual General Meeting, May 26, 2025. Location: no,2, chan yeh 1st rd., hsinchu science park, hsinchu city Taiwan Announcement • Feb 19
Fitipower Integrated Technology Inc. to Report Fiscal Year 2024 Results on Feb 26, 2025 Fitipower Integrated Technology Inc. announced that they will report fiscal year 2024 results on Feb 26, 2025 Price Target Changed • Feb 17
Price target decreased by 10% to NT$268 Down from NT$298, the current price target is an average from 2 analysts. New target price is 15% above last closing price of NT$233. Stock is down 2.5% over the past year. The company is forecast to post earnings per share of NT$15.98 for next year compared to NT$13.29 last year. Major Estimate Revision • Feb 06
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from NT$19.04 to NT$16.92 per share. Revenue forecast steady at NT$19.3b. Net income forecast to grow 24% next year vs 31% growth forecast for Semiconductor industry in Taiwan. Consensus price target broadly unchanged at NT$298. Share price was steady at NT$231 over the past week. Reported Earnings • Oct 30
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: NT$4.19. Revenue: NT$5.31b (up 25% from 3Q 2023). Net income: NT$507.6m (down 17% from 3Q 2023). Profit margin: 9.6% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Announcement • Oct 19
Fitipower Integrated Technology Inc. to Report Q3, 2024 Results on Oct 28, 2024 Fitipower Integrated Technology Inc. announced that they will report Q3, 2024 results on Oct 28, 2024 Price Target Changed • Aug 14
Price target decreased by 8.0% to NT$283 Down from NT$308, the current price target is an average from 2 analysts. New target price is 11% above last closing price of NT$256. Stock is up 31% over the past year. The company is forecast to post earnings per share of NT$19.04 for next year compared to NT$13.29 last year. Reported Earnings • Aug 01
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: NT$4.91 (up from NT$4.81 in 2Q 2023). Revenue: NT$5.02b (up 16% from 2Q 2023). Net income: NT$594.0m (up 2.0% from 2Q 2023). Profit margin: 12% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Jul 17
Fitipower Integrated Technology Inc. to Report Q2, 2024 Results on Jul 24, 2024 Fitipower Integrated Technology Inc. announced that they will report Q2, 2024 results on Jul 24, 2024 Declared Dividend • Jun 11
Final dividend of NT$10.64 announced Shareholders will receive a dividend of NT$10.64. Ex-date: 27th June 2024 Payment date: 26th July 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has increased by an average of 36% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. EPS is expected to grow by 48% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jun 01
Fitipower Integrated Technology Inc. Announces Remuneration Committee Changes Fitipower Integrated Technology Inc. announced the board of directors' resolution for the 6th remuneration committee members appointment. Name of the previous position holder: Chen, Pi-Feng, Finance Supervisor of Art Analog Inc., Yao, Te-Chang, Chairman of Hua Chen Investment Inc., Liu, Xue-Yu, President of N.T.U. Innovation Incubation Center. Name of the new position holder: Chen, Pi-Feng, Finance Supervisor of Art Analog Inc., Liu, Xue-Yu, President of N.T.U. Innovation Incubation Center, Wang, Tien-Hao, Director, Partner and Senior Vice President of WK Innovation. Effective date of the new member is May 31, 2024. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: NT$3.17 (vs NT$3.47 in 1Q 2023) First quarter 2024 results: EPS: NT$3.17 (down from NT$3.47 in 1Q 2023). Revenue: NT$3.72b (down 5.4% from 1Q 2023). Net income: NT$384.2m (down 8.6% from 1Q 2023). Profit margin: 10% (in line with 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
Fitipower Integrated Technology Inc. to Report Q1, 2024 Results on Apr 30, 2024 Fitipower Integrated Technology Inc. announced that they will report Q1, 2024 results on Apr 30, 2024 Buy Or Sell Opportunity • Mar 27
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 9.5% to NT$284. The fair value is estimated to be NT$226, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 1.6% in the next 2 years. Reported Earnings • Mar 03
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: NT$13.29 (down from NT$25.37 in FY 2022). Revenue: NT$16.3b (down 17% from FY 2022). Net income: NT$2.15b (down 30% from FY 2022). Profit margin: 13% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 28
Fitipower Integrated Technology Inc., Annual General Meeting, May 31, 2024 Fitipower Integrated Technology Inc., Annual General Meeting, May 31, 2024. Location: No. 2, Zhanye 1st Rd., Hsinchu Science Park, Hsinchu City The Allied Association for Science Park Industries Meeting Room 203 Hsinchu City Taiwan Agenda: To report the 2023 business report; to report the 2023 employees' and directors' remuneration report; to report the Audit Committee's review of the 2023 annual final accounting books and statements; to acknowledge the 2023 business report, annual final accounting books and statements; to acknowledge the 2023 Earnings Distribution; to amend the Articles of Incorporation; to re-elect directors; to approve the lifting of non-competition restrictions for newly directors; and to consider other matters. Reported Earnings • Oct 27
Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint Third quarter 2023 results: EPS: NT$3.98 (up from NT$3.81 in 3Q 2022). Revenue: NT$4.24b (up 1.2% from 3Q 2022). Net income: NT$611.2m (up 33% from 3Q 2022). Profit margin: 14% (up from 11% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 31
Upcoming dividend of NT$3.50 per share at 4.9% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 18 September 2023. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 4.9%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (3.3%). Reported Earnings • Jul 15
First quarter 2023 earnings released: EPS: NT$2.26 (vs NT$8.11 in 1Q 2022) First quarter 2023 results: EPS: NT$2.26 (down from NT$8.11 in 1Q 2022). Revenue: NT$3.94b (down 34% from 1Q 2022). Net income: NT$420.4m (down 72% from 1Q 2022). Profit margin: 11% (down from 25% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 20
Upcoming dividend of NT$8.50 per share at 5.3% yield Eligible shareholders must have bought the stock before 27 June 2023. Payment date: 26 July 2023. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.1%). Announcement • Jun 16
Fitipower Integrated Technology Inc. Announces Resignation of the Institutional Directors Fitipower Integrated Technology Inc. announced resignation of the Company's institutional directors. Title and name of the previous position holder: GRepresentative of Hung Yang Venture Investment Co. Ltd. Liu, Chin- Hsun, GRepresentative of Hung Yang Venture Investment Co. Ltd. Luo, Wen-Wei,Resume of the previous position holder: GRepresentative of Hung Yang Venture Investment Co. Ltd. Liu, Chin- Hsun, Vice President, SDC System Chip Design Center, HON HAI PRECISION IND. CO., LTD. GRepresentative of Hung Yang Venture Investment Co. Ltd. Luo, Wen-Wei, President, SOCLE Technology Corporation. Reason for the change: Resignation of the Company's institutional directors. Announcement • Jun 07
Fitipower Integrated Technology Inc. Approves Proposal of Dividend Distribution, Payable on July 26, 2023 Fitipower's Board of Directors approved a proposal of dividend distribution. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 6, 2023. Type and monetary amount of dividend distribution: Cash dividends TWD 1,582,498,652 (TWD 8.5 per share) of common stock. Ex-rights (ex-dividend) trading date: June 27, 2023. Ex-rights (ex-dividend) record date: July 3, 2023. Payment date of cash dividend distribution: July 26, 2023. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: NT$16.49 (vs NT$33.83 in FY 2021) Full year 2022 results: EPS: NT$16.49 (down from NT$33.83 in FY 2021). Revenue: NT$19.7b (down 14% from FY 2021). Net income: NT$3.07b (down 48% from FY 2021). Profit margin: 16% (down from 26% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year whereas the company’s share price has increased by 73% per year. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$164, the stock trades at a trailing P/E ratio of 7.4x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 478% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to NT$133, the stock trades at a trailing P/E ratio of 6x. Average forward P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 325% over the past three years. Price Target Changed • Nov 16
Price target decreased to NT$107 Down from NT$299, the current price target is provided by 1 analyst. New target price is 17% below last closing price of NT$129. Stock is down 49% over the past year. The company posted earnings per share of NT$33.83 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. Independent Director Hsueh-Yu Liu was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 17% share price gain to NT$121, the stock trades at a trailing P/E ratio of 5.5x. Average forward P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 293% over the past three years. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: NT$2.48 (vs NT$10.90 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.48 (down from NT$10.90 in 3Q 2021). Revenue: NT$4.19b (down 37% from 3Q 2021). Net income: NT$461.2m (down 76% from 3Q 2021). Profit margin: 11% (down from 29% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 16% share price gain to NT$112, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$90.20, the stock trades at a trailing P/E ratio of 3x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 196% over the past three years. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: NT$4.04 (vs NT$10.58 in 2Q 2021) Second quarter 2022 results: EPS: NT$4.04 (down from NT$10.58 in 2Q 2021). Revenue: NT$5.40b (down 8.1% from 2Q 2021). Net income: NT$751.4m (down 57% from 2Q 2021). Profit margin: 14% (down from 30% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorated over the past week After last week's 27% share price decline to NT$105, the stock trades at a trailing P/E ratio of 3x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 252% over the past three years. Upcoming Dividend • Jul 28
Upcoming dividend of NT$17.00 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.6%). Announcement • Jul 13
Fitipower Integrated Technology Inc. Announces Cash Dividend, Payable on September 5, 2022 Fitipower Integrated Technology Inc. announced the cash dividend of TWD 3,164,997,304 (TWD 17 per share) of common stock. The expected payment date for the cash dividends will be September 5, 2022. Ex-rights (ex-dividend) record date: August 10 2022. Ex-rights (ex-dividend) trading date: August 04 2022. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$147, the stock trades at a trailing P/E ratio of 4.2x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 311% over the past three years. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: NT$8.11 (vs NT$4.78 in 1Q 2021) First quarter 2022 results: EPS: NT$8.11 (up from NT$4.78 in 1Q 2021). Revenue: NT$5.96b (up 49% from 1Q 2021). Net income: NT$1.51b (up 91% from 1Q 2021). Profit margin: 25% (up from 20% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to NT$248 Down from NT$299, the current price target is provided by 1 analyst. New target price is 50% above last closing price of NT$165. Stock is down 50% over the past year. The company posted earnings per share of NT$33.83 last year. Reported Earnings • Mar 30
Full year 2021 earnings released Full year 2021 results: Revenue: NT$22.9b (up 110% from FY 2020). Net income: NT$5.85b (up NT$5.19b from FY 2020). Profit margin: 26% (up from 6.1% in FY 2020). Over the next year, revenue is forecast to grow 7.4%, compared to a 24% growth forecast for the industry in Taiwan. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to NT$255, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 613% over the past three years. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$10.90 (vs NT$0.73 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$6.69b (up 128% from 3Q 2020). Net income: NT$1.91b (up NT$1.79b from 3Q 2020). Profit margin: 29% (up from 4.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 83% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$178, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 375% over the past three years. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$10.58 (vs NT$0.24 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$5.87b (up 166% from 2Q 2020). Net income: NT$1.75b (up NT$1.71b from 2Q 2020). Profit margin: 30% (up from 1.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year and the company’s share price has also increased by 73% per year. Upcoming Dividend • Jun 10
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 17 June 2021. Payment date: 14 July 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 31% share price gain to NT$330, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 921% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$4.78 (vs NT$0.41 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.00b (up 91% from 1Q 2020). Net income: NT$790.6m (up NT$723.0m from 1Q 2020). Profit margin: 20% (up from 3.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$276, the stock trades at a trailing P/E ratio of 67.8x. Average forward P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 908% over the past three years. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$4.07 (vs NT$1.92 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$10.9b (up 19% from FY 2019). Net income: NT$665.6m (up 116% from FY 2019). Profit margin: 6.1% (up from 3.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 126% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 26
Fitipower Integrated Technology Inc., Annual General Meeting, May 18, 2021 Fitipower Integrated Technology Inc., Annual General Meeting, May 18, 2021. Is New 90 Day High Low • Feb 26
New 90-day high: NT$213 The company is up 402% from its price of NT$42.45 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 30% over the same period. Is New 90 Day High Low • Feb 05
New 90-day high: NT$173 The company is up 387% from its price of NT$35.40 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 37% over the same period. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$127, the stock is trading at a trailing P/E ratio of 75.8x, down from the previous P/E ratio of 92.5x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 410%. Is New 90 Day High Low • Jan 07
New 90-day high: NT$147 The company is up 295% from its price of NT$37.25 on 08 October 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 23% over the same period. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 20% share price gain to NT$134, the stock is trading at a trailing P/E ratio of 80x, up from the previous P/E ratio of 66.8x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 433%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 16% share price gain to NT$107, the stock is trading at a trailing P/E ratio of 63.9x, up from the previous P/E ratio of 54.9x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 324%. Is New 90 Day High Low • Dec 17
New 90-day high: NT$92.60 The company is up 154% from its price of NT$36.45 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 22% share price gain to NT$52.30, the stock is trading at a trailing P/E ratio of 31.2x, up from the previous P/E ratio of 25.6x. This compares to an average P/E of 25x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 108%. Is New 90 Day High Low • Nov 19
New 90-day high: NT$39.30 The company is up 23% from its price of NT$31.90 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 20% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS NT$0.73 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$2.94b (up 25% from 3Q 2019). Net income: NT$118.7m (up 35% from 3Q 2019). Profit margin: 4.0% (up from 3.7% 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 6% per year whereas the company’s share price has increased by 11% per year. 
