Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$205, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 26x in the Electrical industry in Taiwan. Total returns to shareholders of 8.3% over the past three years. Upcoming Dividend • Jul 15
Upcoming dividend of NT$9.94 per share Eligible shareholders must have bought the stock before 22 July 2026. Payment date: 18 August 2026. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.6%). Declared Dividend • Jun 26
Dividend reduced to NT$10.00 Dividend of NT$10.00 is 33% lower than last year. Ex-date: 22nd July 2026 Payment date: 18th August 2026 Dividend yield will be 4.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 05
Now 21% undervalued Over the last 90 days, the stock has risen 14% to NT$216. The fair value is estimated to be NT$274, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: NT$4.00 (vs NT$4.40 in 1Q 2025) First quarter 2026 results: EPS: NT$4.00 (down from NT$4.40 in 1Q 2025). Revenue: NT$2.93b (up 2.2% from 1Q 2025). Net income: NT$389.0m (down 6.0% from 1Q 2025). Profit margin: 13% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. New Risk • Mar 17
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: 11% Last year net profit margin: 18% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$14.47 (vs NT$24.75 in FY 2024) Full year 2025 results: EPS: NT$14.47 (down from NT$24.75 in FY 2024). Revenue: NT$11.9b (down 5.0% from FY 2024). Net income: NT$1.36b (down 40% from FY 2024). Profit margin: 12% (down from 18% in FY 2024). The decrease in margin was primarily driven by lower revenue. 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 18% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Mar 11
Cyber Power Systems, Inc., Annual General Meeting, May 26, 2026 Cyber Power Systems, Inc., Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: 12 floor no,26, chin chuang rd., neihu district, taipei city Taiwan Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$7.02 (vs NT$5.34 in 3Q 2024) Third quarter 2025 results: EPS: NT$7.02 (up from NT$5.34 in 3Q 2024). Revenue: NT$3.35b (down 2.5% from 3Q 2024). Net income: NT$660.8m (up 34% from 3Q 2024). Profit margin: 20% (up from 14% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: NT$0.19 (vs NT$6.77 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.19 (down from NT$6.77 in 2Q 2024). Revenue: NT$2.88b (down 12% from 2Q 2024). Net income: NT$18.1m (down 97% from 2Q 2024). Profit margin: 0.6% (down from 19% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 16
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 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 (6.4% average weekly change). Upcoming Dividend • Jul 09
Upcoming dividend of NT$15.00 per share Eligible shareholders must have bought the stock before 16 July 2025. Payment date: 12 August 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%). Declared Dividend • Jun 18
Dividend increased to NT$15.00 Dividend of NT$15.00 is 89% higher than last year. Ex-date: 16th July 2025 Payment date: 12th August 2025 Dividend yield will be 5.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Jun 13
Cyber Power Systems, Inc. announced that it has received TWD 1.50697169 billion in funding On June 12, 2025, Cyber Power Systems, Inc. closed the transaction. The company has received TWD 1,506,971,690 from the offering. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$4.40 (vs NT$5.49 in 1Q 2024) First quarter 2025 results: EPS: NT$4.40 (down from NT$5.49 in 1Q 2024). Revenue: NT$2.87b (up 12% from 1Q 2024). Net income: NT$413.9m (down 17% from 1Q 2024). Profit margin: 14% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical 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. Ankündigung • May 01
Cyber Power Systems, Inc. to Report Q1, 2025 Results on May 08, 2025 Cyber Power Systems, Inc. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$231, the stock trades at a trailing P/E ratio of 9.5x. Average forward P/E is 14x in the Electrical industry in Taiwan. Total returns to shareholders of 280% over the past three years. New Risk • Apr 07
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 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 (6.4% average weekly change). Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$24.75 (vs NT$16.58 in FY 2023) Full year 2024 results: EPS: NT$24.75 (up from NT$16.58 in FY 2023). Revenue: NT$12.5b (up 6.5% from FY 2023). Net income: NT$2.28b (up 56% from FY 2023). Profit margin: 18% (up from 13% in FY 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Mar 13
Cyber Power Systems, Inc., Annual General Meeting, May 28, 2025 Cyber Power Systems, Inc., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: 12 floor no,26, chin chuang rd., neihu district, taipei city Taiwan Ankündigung • Mar 12
Cyber Power Systems, Inc. Proposes Cash Dividend for the Year Ended December 31, 2024 Cyber Power Systems, Inc. proposed cash dividend of 15.0 per share for the year ended December 31, 2024. Total amount of cash distributed to shareholders: TWD 1,412,490,735. Ankündigung • Mar 04
Cyber Power Systems, Inc. to Report Fiscal Year 2024 Results on Mar 11, 2025 Cyber Power Systems, Inc. announced that they will report fiscal year 2024 results on Mar 11, 2025 New Risk • Jan 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% 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 (6.2% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). New Risk • Nov 25
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 6.5% 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 (6.5% average weekly change). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$359, the stock trades at a trailing P/E ratio of 17.3x. Average forward P/E is 22x in the Electrical industry in Taiwan. Total returns to shareholders of 482% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$424 per share. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: NT$5.34 (vs NT$5.51 in 3Q 2023) Third quarter 2024 results: EPS: NT$5.34. Revenue: NT$3.44b (up 5.4% from 3Q 2023). Net income: NT$494.9m (up 2.0% from 3Q 2023). Profit margin: 14% (in line with 3Q 2023). Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electrical industry in Taiwan. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$324, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 25x in the Electrical industry in Taiwan. Total returns to shareholders of 370% over the past three years. Reported Earnings • Aug 12
Second quarter 2024 earnings released: EPS: NT$6.77 (vs NT$5.54 in 2Q 2023) Second quarter 2024 results: EPS: NT$6.77 (up from NT$5.54 in 2Q 2023). Revenue: NT$3.26b (up 5.9% from 2Q 2023). Net income: NT$617.7m (up 27% from 2Q 2023). Profit margin: 19% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 02
Cyber Power Systems, Inc. to Report Q2, 2024 Results on Aug 08, 2024 Cyber Power Systems, Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Jul 16
Upcoming dividend of NT$7.92 per share Eligible shareholders must have bought the stock before 23 July 2024. Payment date: 22 August 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.2%). Ankündigung • Jun 26
Cyber Power Systems, Inc. Declares Cash Dividend, Payable on August 22, 2024 Cyber Power Systems, Inc. declared common stock cash dividend of TWD 728,070,072 (TWD 8 cash dividend per share). Ex-rights (ex-dividend) trading date: July 23, 2024; Ex-rights (ex-dividend) record date: July 29, 2024; Payment date of common stock cash dividend distribution: August 22, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 25, 2024. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: NT$5.49 (vs NT$2.44 in 1Q 2023) First quarter 2024 results: EPS: NT$5.49 (up from NT$2.44 in 1Q 2023). Revenue: NT$2.56b (flat on 1Q 2023). Net income: NT$499.4m (up 134% from 1Q 2023). Profit margin: 20% (up from 8.4% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Ankündigung • May 05
Cyber Power Systems, Inc. to Report Q1, 2024 Results on May 10, 2024 Cyber Power Systems, Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 10, 2024 Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$16.58 (vs NT$13.42 in FY 2022) Full year 2023 results: EPS: NT$16.58 (up from NT$13.42 in FY 2022). Revenue: NT$11.7b (up 4.6% from FY 2022). Net income: NT$1.47b (up 28% from FY 2022). Profit margin: 13% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$213, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 20x in the Electrical industry in Taiwan. Total returns to shareholders of 201% over the past three years. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$221, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 234% over the past three years. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$285, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 331% over the past three years. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$5.81 (vs NT$4.32 in 2Q 2022) Second quarter 2023 results: EPS: NT$5.81 (up from NT$4.32 in 2Q 2022). Revenue: NT$3.08b (up 1.1% from 2Q 2022). Net income: NT$485.5m (up 39% from 2Q 2022). Profit margin: 16% (up from 12% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 09
Upcoming dividend of NT$5.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 16 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$252, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 237% over the past three years. Ankündigung • Jun 16
Cyber Power Systems, Inc. announced that it has received TWD 1.29170696 billion in funding On June 14, 2023, Cyber Power Systems, Inc. closed the transaction. The company has raised TWD 1,291,706,960 through issuance of domestic unsecured convertible bonds. Ankündigung • Jun 14
Cyber Power Systems, Inc. Announces Executive Changes Cyber Power Systems, Inc. announced second Audit Committee members of the company. Name of the new position holder: Wang, Chin-Yen Ou Yang, Mang Ko, Po-Cheng. Resume of the new position holder: Wang, Chin-Yen CPA, Deloitte & Touche, Taiwan Ou Yang, Mang Professor, College of Electrical and Computer Engineering, National Yang Ming Chiao Tung University Ko, Po-Cheng Independent Director, Cyber Power Systems, Inc. Reason for the change: To comply with the comprehensive re-election of the board of directors, and be formed by the newly appointed independent directors. The effective date of the new member: June 13, 2023. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$221, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 213% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$150, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 114% over the past three years. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: NT$14.09 (vs NT$0.89 loss in FY 2021) Full year 2022 results: EPS: NT$14.09 (up from NT$0.89 loss in FY 2021). Revenue: NT$11.2b (up 27% from FY 2021). Net income: NT$1.14b (up NT$1.21b from FY 2021). Profit margin: 10% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$108, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 14x in the Electrical industry in Taiwan. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$130, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 13x in the Electrical industry in Taiwan. Total returns to shareholders of 39% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Jung-Yueh Lin was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$6.03 (vs NT$0.61 in 3Q 2021) Third quarter 2022 results: EPS: NT$6.03 (up from NT$0.61 in 3Q 2021). Revenue: NT$3.08b (up 35% from 3Q 2021). Net income: NT$487.8m (up NT$438.1m from 3Q 2021). Profit margin: 16% (up from 2.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 21% 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. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: NT$6.03 (vs NT$0.61 in 3Q 2021) Third quarter 2022 results: EPS: NT$6.03 (up from NT$0.61 in 3Q 2021). Revenue: NT$3.08b (up 35% from 3Q 2021). Net income: NT$487.8m (up NT$438.1m from 3Q 2021). Profit margin: 16% (up from 2.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Electrical industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 17% share price gain to NT$112, the stock trades at a trailing P/E ratio of 30.3x. Average forward P/E is 11x in the Electrical industry in Taiwan. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 19% share price gain to NT$104, the stock trades at a trailing P/E ratio of 28.1x. Average forward P/E is 14x in the Electrical industry in Taiwan. Total returns to shareholders of 34% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$4.32 (vs NT$0.42 in 2Q 2021) Second quarter 2022 results: EPS: NT$4.32 (up from NT$0.42 in 2Q 2021). Revenue: NT$3.05b (up 44% from 2Q 2021). Net income: NT$349.8m (up NT$315.5m from 2Q 2021). Profit margin: 12% (up from 1.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.8%, compared to a 20% growth forecast for the Electrical 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 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 13
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 20 July 2022. Payment date: 18 August 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (6.9%). Lower than average of industry peers (3.9%). Ankündigung • Jun 23
Cyber Power Systems, Inc. Announces Cash Dividend, Payable on August 18, 2022 Cyber Power Systems, Inc. announced dividend of cash dividend TWD 80,951,000 (TWD 1 cash dividend per share). Ex-rights (ex-dividend) trading date: July 20, 2022. Ex-rights (ex-dividend) record date: July 26, 2022. The distribution date for cash dividend is scheduled on August 18, 2022. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$1.59 (vs NT$0.90 in 1Q 2021) First quarter 2022 results: EPS: NT$1.59 (up from NT$0.90 in 1Q 2021). Revenue: NT$2.28b (flat on 1Q 2021). Net income: NT$128.4m (up 76% from 1Q 2021). Profit margin: 5.6% (up from 3.2% in 1Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 27% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 48% 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. Buying Opportunity • May 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be NT$78.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Meanwhile, the company became loss making. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Jung-Yueh Lin was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings released: NT$0.89 loss per share (vs NT$5.72 profit in FY 2020) Full year 2021 results: NT$0.89 loss per share (down from NT$5.72 profit in FY 2020). Revenue: NT$8.86b (down 3.1% from FY 2020). Net loss: NT$71.7m (down 116% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Ankündigung • Mar 31
Cyber Power Systems, Inc., Annual General Meeting, Jun 15, 2022 Cyber Power Systems, Inc., Annual General Meeting, Jun 15, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.61 (vs NT$2.89 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.28b (down 15% from 3Q 2020). Net income: NT$49.7m (down 79% from 3Q 2020). Profit margin: 2.2% (down from 8.7% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% 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. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.42 (vs NT$1.02 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$2.11b (up 5.4% from 2Q 2020). Net income: NT$34.4m (down 58% from 2Q 2020). Profit margin: 1.6% (down from 4.1% 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 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 29
Upcoming dividend of NT$5.40 per share Eligible shareholders must have bought the stock before 06 July 2021. Payment date: 10 August 2021. Trailing yield: 6.3%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (3.3%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.90 (vs NT$0.51 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.26b (up 17% from 1Q 2020). Net income: NT$72.8m (up 77% from 1Q 2020). Profit margin: 3.2% (up from 2.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% 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. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$5.72 (vs NT$6.25 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$9.14b (down 2.2% from FY 2019). Net income: NT$462.7m (down 8.6% from FY 2019). Profit margin: 5.1% (down from 5.4% in FY 2019). 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 2% per year, which means it has not declined as severely as earnings. Ankündigung • Dec 31
Cyberpower Systems, Inc. Announces Term Expiration of Remuneration Committee CyberPower Systems, Inc. announced the term expiration of remuneration committee included Chang, Shyi-Huang,Independent director; Lin, Jung-Yuen,Independent director; Lin, Sheng-Chieh,Managing Director of Wan Tai CPAs. Is New 90 Day High Low • Dec 24
New 90-day high: NT$87.60 The company is up 18% from its price of NT$74.20 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: NT$85.50 The company is up 12% from its price of NT$76.10 on 08 September 2020. The Taiwanese market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Electrical industry, which is up 6.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$2.89 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$2.69b (up 9.2% from 3Q 2019). Net income: NT$234.2m (down 15% from 3Q 2019). Profit margin: 8.7% (down from 11% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% 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. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations Revenue exceeded analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 4.5%, compared to a 8.0% growth forecast for the Electrical industry in Taiwan. Is New 90 Day High Low • Nov 12
New 90-day high: NT$81.60 The company is up 4.0% from its price of NT$78.50 on 14 August 2020. The Taiwanese market is also up 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Electrical industry, which is up 8.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: NT$74.20 The company is down 9.0% from its price of NT$81.80 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 9.0% over the same period. 
