Upcoming Dividend • Jun 16
Upcoming dividend of NT$11.71 per share Eligible shareholders must have bought the stock before 23 June 2026. Payment date: 09 July 2026. Payout ratio and cash payout ratio are on the higher end at 83% and 75% respectively. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (4.8%). Higher than average of industry peers (1.7%). Declared Dividend • Jun 01
Dividend increased to NT$11.71 Dividend of NT$11.71 is 37% higher than last year. Ex-date: 23rd June 2026 Payment date: 9th July 2026 Dividend yield will be 4.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 19% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$3.34 in 1Q 2025) First quarter 2026 results: EPS: NT$3.00. Revenue: NT$1.54b (up 14% from 1Q 2025). Net income: NT$179.0m (up 16% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$13.77 (vs NT$9.69 in FY 2024) Full year 2025 results: EPS: NT$13.77 (up from NT$9.69 in FY 2024). Revenue: NT$6.35b (up 75% from FY 2024). Net income: NT$653.9m (up 49% from FY 2024). Profit margin: 10% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Mar 09
Trusval Technology Co., Ltd., Annual General Meeting, Jun 23, 2026 Trusval Technology Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: no,66, you yih rd., jhunan township, miaoli county Taiwan Reported Earnings • Nov 17
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: NT$3.20 (up from NT$2.70 in 3Q 2024). Revenue: NT$1.66b (up 45% from 3Q 2024). Net income: NT$154.6m (up 25% from 3Q 2024). Profit margin: 9.3% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$301, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 377% over the past three years. Reported Earnings • Aug 17
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: NT$3.42 (up from NT$2.16 in 2Q 2024). Revenue: NT$1.64b (up 108% from 2Q 2024). Net income: NT$158.0m (up 64% from 2Q 2024). Profit margin: 9.6% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$275, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 364% over the past three years. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$255, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 357% over the past three years. Declared Dividend • Jun 14
Dividend increased to NT$8.55 Dividend of NT$8.55 is 32% higher than last year. Ex-date: 27th June 2025 Payment date: 17th July 2025 Dividend yield will be 4.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 16% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 63% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$3.34 (vs NT$1.86 in 1Q 2024) First quarter 2025 results: EPS: NT$3.34 (up from NT$1.86 in 1Q 2024). Revenue: NT$1.35b (up 111% from 1Q 2024). Net income: NT$154.3m (up 85% from 1Q 2024). Profit margin: 11% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 37% per year. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$203, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 205% over the past three years. Buy Or Sell Opportunity • Apr 15
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 6.0% to NT$177. The fair value is estimated to be NT$143, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 33%. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$167, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 139% over the past three years. New Risk • Apr 07
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 8.3% 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 (8.3% average weekly change). High level of non-cash earnings (30% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$9.69 (vs NT$7.17 in FY 2023) Full year 2024 results: EPS: NT$9.69 (up from NT$7.17 in FY 2023). Revenue: NT$3.63b (up 50% from FY 2023). Net income: NT$439.6m (up 37% from FY 2023). Profit margin: 12% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 34% per year. Ankündigung • Mar 12
Trusval Technology Co., Ltd., Annual General Meeting, Jun 05, 2025 Trusval Technology Co., Ltd., Annual General Meeting, Jun 05, 2025, at 10:00 Taipei Standard Time. Location: no,66, you yih rd., jhunan township, miaoli county Taiwan New Risk • Mar 04
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: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Nov 07
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: NT$2.70 (up from NT$2.61 in 3Q 2023). Revenue: NT$1.15b (up 74% from 3Q 2023). Net income: NT$123.3m (up 5.4% from 3Q 2023). Profit margin: 11% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 48%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is expected to decline by 2.3% p.a. on average during the next 2 years, while revenues in the Machinery industry in Taiwan are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Sep 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$236, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 338% over the past three years. Reported Earnings • Aug 10
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: NT$2.16 (up from NT$1.60 in 2Q 2023). Revenue: NT$788.7m (up 28% from 2Q 2023). Net income: NT$96.7m (up 35% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 41% per year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$157, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 22x in the Machinery industry in Taiwan. Total returns to shareholders of 192% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$218, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the Machinery industry in Taiwan. Total returns to shareholders of 309% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of NT$6.46 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 18 July 2024. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.5%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$1.86 (vs NT$1.36 in 1Q 2023) First quarter 2024 results: EPS: NT$1.86 (up from NT$1.36 in 1Q 2023). Revenue: NT$641.5m (up 20% from 1Q 2023). Net income: NT$83.4m (up 37% from 1Q 2023). Profit margin: 13% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 45% per year. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$174, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 23x in the Machinery industry in Taiwan. Total returns to shareholders of 195% over the past three years. Buy Or Sell Opportunity • Mar 14
Now 24% undervalued Over the last 90 days, the stock has risen 71% to NT$149. The fair value is estimated to be NT$195, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 42%. Ankündigung • Mar 14
Trusval Technology Co., Ltd., Annual General Meeting, Jun 12, 2024 Trusval Technology Co., Ltd., Annual General Meeting, Jun 12, 2024. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: NT$7.17 (vs NT$5.11 in FY 2022) Full year 2023 results: EPS: NT$7.17 (up from NT$5.11 in FY 2022). Revenue: NT$2.41b (down 2.2% from FY 2022). Net income: NT$321.3m (up 52% from FY 2022). Profit margin: 13% (up from 8.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$146, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$102, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 79% over the past three years. New Risk • Nov 27
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 6.0% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$92.40, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 60% over the past three years. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: NT$2.61 (vs NT$1.57 in 3Q 2022) Third quarter 2023 results: EPS: NT$2.61 (up from NT$1.57 in 3Q 2022). Revenue: NT$660.0m (down 13% from 3Q 2022). Net income: NT$117.0m (up 82% from 3Q 2022). Profit margin: 18% (up from 8.5% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$1.60 (vs NT$1.48 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.60 (up from NT$1.48 in 2Q 2022). Revenue: NT$616.1m (up 5.2% from 2Q 2022). Net income: NT$71.8m (up 22% from 2Q 2022). Profit margin: 12% (up from 10% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 08
Upcoming dividend of NT$4.24 per share at 5.3% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 07 July 2023. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Price Target Changed • Nov 16
Price target decreased to NT$85.00 Down from NT$120, the current price target is provided by 1 analyst. New target price is 38% above last closing price of NT$61.40. Stock is down 20% over the past year. The company is forecast to post earnings per share of NT$4.99 for next year compared to NT$3.27 last year. Reported Earnings • Nov 13
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: NT$1.57 (up from NT$0.85 in 3Q 2021). Revenue: NT$757.1m (up 67% from 3Q 2021). Net income: NT$64.4m (up 91% from 3Q 2021). Profit margin: 8.5% (up from 7.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be NT$75.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 46% in 2 years. Earnings is forecast to grow by 73% in the next 2 years. Buying Opportunity • Sep 28
Now 20% undervalued Over the last 90 days, the stock is up 7.4%. The fair value is estimated to be NT$82.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 46% in 2 years. Earnings is forecast to grow by 73% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 16% share price gain to NT$80.80, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Machinery industry in Taiwan. Total returns to shareholders of 169% over the past three years. Price Target Changed • Aug 17
Price target decreased to NT$110 Down from NT$120, the current price target is provided by 1 analyst. New target price is 46% above last closing price of NT$75.40. Stock is up 21% over the past year. The company is forecast to post earnings per share of NT$4.99 for next year compared to NT$3.27 last year. Reported Earnings • Aug 15
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: NT$1.48 (up from NT$1.05 in 2Q 2021). Revenue: NT$585.9m (up 40% from 2Q 2021). Net income: NT$58.9m (up 41% from 2Q 2021). Profit margin: 10% (in line with 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 30%, compared to a 7.9% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 32% per year. Upcoming Dividend • Jun 28
Upcoming dividend of NT$2.94 per share Eligible shareholders must have bought the stock before 05 July 2022. Payment date: 25 July 2022. Payout ratio is on the higher end at 79% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.1%). Price Target Changed • Apr 27
Price target increased to NT$120 Up from NT$110, the current price target is provided by 1 analyst. New target price is 51% above last closing price of NT$79.70. Stock is up 3.4% over the past year. The company is forecast to post earnings per share of NT$5.42 for next year compared to NT$3.27 last year. Reported Earnings • Mar 29
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$3.27 (up from NT$2.04 in FY 2020). Revenue: NT$1.76b (up 36% from FY 2020). Net income: NT$130.1m (up 77% from FY 2020). Profit margin: 7.4% (up from 5.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 38%, compared to a 15% growth forecast for the 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 30% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Mar 23
Trusval Technology Co., Ltd., Annual General Meeting, Jun 15, 2022 Trusval Technology Co., Ltd., Annual General Meeting, Jun 15, 2022. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 26% share price gain to NT$96.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Machinery industry in Taiwan. Total returns to shareholders of 185% over the past three years. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS NT$0.85 (vs NT$1.04 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$453.2m (up 53% from 3Q 2020). Net income: NT$33.7m (down 8.6% from 3Q 2020). Profit margin: 7.4% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$1.05 (vs NT$1.28 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$419.0m (up 21% from 2Q 2020). Net income: NT$41.7m (down 7.8% from 2Q 2020). Profit margin: 9.9% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 19
Upcoming dividend of NT$1.66 per share Eligible shareholders must have bought the stock before 26 July 2021. Payment date: 11 August 2021. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 21% share price gain to NT$76.60, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$60.20, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improved over the past week After last week's 20% share price gain to NT$79.20, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 105% over the past three years. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS NT$2.04 (vs NT$1.15 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.30b (up 4.1% from FY 2019). Net income: NT$73.6m (up 84% from FY 2019). Profit margin: 5.7% (up from 3.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 26
New 90-day high: NT$71.90 The company is up 7.0% from its price of NT$66.90 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period. Is New 90 Day High Low • Feb 02
New 90-day low: NT$59.20 The company is down 2.0% from its price of NT$60.20 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 17% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: NT$69.20 The company is up 16% from its price of NT$59.90 on 04 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.04 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$295.9m (down 16% from 3Q 2019). Net income: NT$36.9m (up 68% from 3Q 2019). Profit margin: 13% (up from 6.3% in 3Q 2019). The increase in margin was driven by lower expenses.