New Risk • 19h
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% 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 (15% operating cash flow to total debt). Earnings have declined by 6.8% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 15
Second quarter 2026 earnings released: EPS: NT$1.22 (vs NT$0.77 in 2Q 2025) Second quarter 2026 results: EPS: NT$1.22 (up from NT$0.77 in 2Q 2025). Revenue: NT$1.01b (up 13% from 2Q 2025). Net income: NT$115.2m (up 58% from 2Q 2025). Profit margin: 11% (up from 8.1% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • Jun 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 38% 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 Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 6.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Upcoming Dividend • Jun 18
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 20 July 2026. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (1.7%). New Risk • Jun 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 6.6% per year over the past 5 years. Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$93.50, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to NT$99.80, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 61% over the past three years. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.62 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.62 in 1Q 2025). Revenue: NT$752.8m (down 11% from 1Q 2025). Net income: NT$179.7m (up 206% from 1Q 2025). Profit margin: 24% (up from 7.0% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Declared Dividend • Apr 27
Dividend of NT$2.00 announced Shareholders will receive a dividend of NT$2.00. Ex-date: 25th June 2026 Payment date: 20th July 2026 Dividend yield will be 2.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not covered by cash flows (133% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.3% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$75.00, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 30x in the Machinery industry in Taiwan. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$57.60, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 25x in the Machinery industry in Taiwan. Total loss to shareholders of 10.0% over the past three years. New Risk • Mar 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% 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 (13% operating cash flow to total debt). Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (133% cash payout ratio). Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$2.52 (vs NT$3.01 in FY 2024) Full year 2025 results: EPS: NT$2.52 (down from NT$3.01 in FY 2024). Revenue: NT$3.75b (down 4.6% from FY 2024). Net income: NT$238.2m (down 26% from FY 2024). Profit margin: 6.3% (down from 8.2% in FY 2024). The decrease in margin was driven by lower revenue. 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 11% per year, which means it has not declined as severely as earnings. Ankündigung • Mar 11
Highlight Tech Corp., Annual General Meeting, May 26, 2026 Highlight Tech Corp., Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,88, min ch`uan rd., banciao district, new taipei city Taiwan Ankündigung • Dec 20
Highlight Tech Corp. Announces Retirement of Kou Chong-Shan as President, Effective January 1, 2026 Highlight Tech Corp. announced that the president of the company, Kou Chong-Shan, has retired, effective January 1, 2026. Kou Chong-Shan served as the Company's President (CEO). The board of directors resolved the change on December 19, 2025. A separate announcement will be made after the Board of Directors approves the appointment of the new President. New Risk • Nov 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.7% 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 (6.7% operating cash flow to total debt). Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.39 (vs NT$0.70 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.39 (down from NT$0.70 in 3Q 2024). Revenue: NT$968.8m (up 1.6% from 3Q 2024). Net income: NT$36.4m (down 48% from 3Q 2024). Profit margin: 3.8% (down from 7.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. New Risk • Aug 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% 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 Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$0.77 (vs NT$0.96 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.77 (down from NT$0.96 in 2Q 2024). Revenue: NT$898.8m (down 7.3% from 2Q 2024). Net income: NT$72.9m (down 20% from 2Q 2024). Profit margin: 8.1% (down from 9.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$53.20, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total loss to shareholders of 1.9% over the past three years. Upcoming Dividend • Jun 05
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 70% and the cash payout ratio is 84%. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.8%). New Risk • Jun 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% 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 Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.62 (vs NT$0.80 in 1Q 2024) First quarter 2025 results: EPS: NT$0.62 (down from NT$0.80 in 1Q 2024). Revenue: NT$843.0m (down 13% from 1Q 2024). Net income: NT$58.8m (down 23% from 1Q 2024). Profit margin: 7.0% (down from 7.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 30
Highlight Tech Corp. to Report Q1, 2025 Results on May 08, 2025 Highlight Tech Corp. announced that they will report Q1, 2025 results on May 08, 2025 Buy Or Sell Opportunity • Apr 10
Now 22% overvalued Over the last 90 days, the stock has fallen 18% to NT$40.75. The fair value is estimated to be NT$33.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has declined by 12%. New Risk • Apr 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% 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 Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$3.01 (vs NT$3.78 in FY 2023) Full year 2024 results: EPS: NT$3.01 (down from NT$3.78 in FY 2023). Revenue: NT$3.93b (down 6.4% from FY 2023). Net income: NT$323.3m (down 9.4% from FY 2023). Profit margin: 8.2% (down from 8.5% in FY 2023). The decrease in margin was driven by lower revenue. 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 14% per year. Ankündigung • Mar 05
Highlight Tech Corp., Annual General Meeting, May 27, 2025 Highlight Tech Corp., Annual General Meeting, May 27, 2025. Location: 3 floor no,88, min ch`uan rd., banciao district, new taipei city Taiwan Ankündigung • Feb 25
Highlight Tech Corp. to Report Fiscal Year 2024 Results on Mar 04, 2025 Highlight Tech Corp. announced that they will report fiscal year 2024 results on Mar 04, 2025 Ankündigung • Jan 09
Highlight Tech International Corp. Announce the Change in Representative of Institutional Director Highlight Tech Corp. announced announce the change in representative of institutional director of Highlight Tech International Corp. Resume of the previous position holder: Wu, Ming-Tien, Name of the new position holder:Director of Highlight Tech Corp. 6.Resume of the new position holder: Wu, Sheng-Hsien. Effective date of the new appointment January 7, 2025. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.70 (vs NT$0.86 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.70 (down from NT$0.86 in 3Q 2023). Revenue: NT$953.5m (down 13% from 3Q 2023). Net income: NT$69.4m (down 15% from 3Q 2023). Profit margin: 7.3% (down from 7.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. New Risk • Nov 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). New Risk • Sep 24
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 7.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Paying a dividend despite having no free cash flows. Upcoming Dividend • Sep 12
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 04 October 2024. The company last paid an ordinary dividend in March 2014. The average dividend yield among industry peers is 2.5%. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$53.40, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 43% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.77 (vs NT$0.69 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.77 (up from NT$0.69 in 2Q 2023). Revenue: NT$969.8m (down 14% from 2Q 2023). Net income: NT$90.8m (up 12% from 2Q 2023). Profit margin: 9.4% (up from 7.2% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Ankündigung • Aug 01
Highlight Tech Corp. to Report Q2, 2024 Results on Aug 09, 2024 Highlight Tech Corp. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.64 (vs NT$0.74 in 1Q 2023) First quarter 2024 results: EPS: NT$0.64 (down from NT$0.74 in 1Q 2023). Revenue: NT$971.2m (down 7.5% from 1Q 2023). Net income: NT$75.9m (down 14% from 1Q 2023). Profit margin: 7.8% (down from 8.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 03
Highlight Tech Corp. to Report Q1, 2024 Results on May 10, 2024 Highlight Tech Corp. announced that they will report Q1, 2024 results on May 10, 2024 New Risk • Mar 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.5% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.4% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.5% net profit margin). Ankündigung • Mar 09
Highlight Tech Corp., Annual General Meeting, Jun 07, 2024 Highlight Tech Corp., Annual General Meeting, Jun 07, 2024. Location: Hilton Taipei Sinban 3F meetimg room, No.88 Minquan Rd., Banqiao District, New Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee's Review Report; to consider status of endorsement and guarantee in 2023; to consider 2023 compensation distribution for employees and directors; to consider 2023 Business Report and Financial Statements; to consider 2023 Earnings distribution; to consider Discussion of conduct capital reduction in cash; to consider Election of the Company's directors (including Independent Directors); and to consider Discussion of the release from non-competition restrictions on directors. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$62.00, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 62% over the past three years. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$0.69 (vs NT$1.02 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.69 (down from NT$1.02 in 3Q 2022). Revenue: NT$1.10b (up 8.9% from 3Q 2022). Net income: NT$81.3m (down 32% from 3Q 2022). Profit margin: 7.4% (down from 12% in 3Q 2022). 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 whereas the company’s share price has increased by 8% per year. New Risk • Aug 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.5% 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 (6.5% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 14
Second quarter 2023 earnings released: EPS: NT$0.68 (vs NT$1.12 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.68 (down from NT$1.12 in 2Q 2022). Revenue: NT$1.13b (up 7.9% from 2Q 2022). Net income: NT$80.9m (down 39% from 2Q 2022). Profit margin: 7.2% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: NT$4.19 (vs NT$3.32 in FY 2021) Full year 2022 results: EPS: NT$4.19 (up from NT$3.32 in FY 2021). Revenue: NT$3.91b (up 18% from FY 2021). Net income: NT$495.0m (up 28% from FY 2021). Profit margin: 13% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 08
Upcoming dividend of NT$2.70 per share at 3.9% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.0%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$1.02 (vs NT$1.02 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.02. Revenue: NT$1.01b (up 19% from 3Q 2021). Net income: NT$120.3m (flat on 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.12 (vs NT$1.02 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.12 (up from NT$1.02 in 2Q 2021). Revenue: NT$1.04b (up 20% from 2Q 2021). Net income: NT$132.3m (up 11% from 2Q 2021). Profit margin: 13% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$3.32 (vs NT$2.80 in FY 2020) Full year 2021 results: EPS: NT$3.32 (up from NT$2.80 in FY 2020). Revenue: NT$3.31b (up 29% from FY 2020). Net income: NT$388.2m (up 32% from FY 2020). Profit margin: 12% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 08
Upcoming dividend of NT$2.20 per share Eligible shareholders must have bought the stock before 15 March 2022. Payment date: 15 April 2022. Payout ratio is a comfortable 58% and the cash payout ratio is 91%. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.9%). Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 21% share price gain to NT$63.40, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 16x in the Machinery industry in Taiwan. Total returns to shareholders of 252% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.60 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$848.2m (up 33% from 3Q 2020). Net income: NT$119.6m (up 89% from 3Q 2020). Profit margin: 14% (up from 9.9% 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 16% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.97 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$869.1m (up 29% from 2Q 2020). Net income: NT$119.3m (up 21% from 2Q 2020). Profit margin: 14% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.71 (vs NT$0.57 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$782.9m (up 30% from 1Q 2020). Net income: NT$82.5m (up 46% from 1Q 2020). Profit margin: 11% (up from 9.4% 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 12% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$2.80 (vs NT$2.30 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.57b (up 8.2% from FY 2019). Net income: NT$294.2m (up 29% from FY 2019). Profit margin: 12% (up from 9.6% 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 12% per year and the company’s share price has also increased by 12% per year. Upcoming Dividend • Mar 18
Upcoming Dividend of NT$1.99 Per Share Will be paid on the 20th of April to those who are registered shareholders by the 25th of March. The trailing yield of 3.9% is below the top quartile of Taiwanese dividend payers (4.9%), but it is higher than industry peers (2.2%). Ankündigung • Feb 27
Highlight Tech Corp., Annual General Meeting, Jun 07, 2021 Highlight Tech Corp., Annual General Meeting, Jun 07, 2021. Is New 90 Day High Low • Feb 19
New 90-day high: NT$45.00 The company is up 18% from its price of NT$38.05 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Machinery industry, which is up 16% over the same period. Is New 90 Day High Low • Feb 01
New 90-day high: NT$43.00 The company is up 13% from its price of NT$37.95 on 04 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: NT$39.90 The company is up 4.0% from its price of NT$38.30 on 15 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: NT$39.60 The company is up 13% from its price of NT$35.00 on 11 September 2020. The Taiwanese market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Machinery industry, which is up 10.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.60 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: NT$639.6m (up 15% from 3Q 2019). Net income: NT$63.3m (up 10.0% from 3Q 2019). Profit margin: 9.9% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. 
