Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$1.82 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (down from NT$1.82 in 1Q 2025). Revenue: NT$951.3m (down 14% from 1Q 2025). Net income: NT$79.1m (down 40% from 1Q 2025). Profit margin: 8.3% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: NT$5.16 (vs NT$7.29 in FY 2024) Full year 2025 results: EPS: NT$5.16 (down from NT$7.29 in FY 2024). Revenue: NT$3.71b (down 16% from FY 2024). Net income: NT$374.4m (down 29% from FY 2024). Profit margin: 10% (down from 12% 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 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Mar 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Dividend is not well covered by cash flows (138% cash payout ratio). Ankündigung • Mar 02
Asia Tech Image Inc., Annual General Meeting, May 29, 2026 Asia Tech Image Inc., Annual General Meeting, May 29, 2026. Location: b1 floor no,85, chung an st., jhonghe district, new taipei city Taiwan Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: NT$1.41 (vs NT$1.90 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.41 (down from NT$1.90 in 3Q 2024). Revenue: NT$970.4m (down 27% from 3Q 2024). Net income: NT$102.5m (down 25% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 15
Now 24% overvalued Over the last 90 days, the stock has fallen 2.9% to NT$93.80. The fair value is estimated to be NT$75.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%. Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: NT$0.95 (vs NT$1.90 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.95 (down from NT$1.90 in 2Q 2024). Revenue: NT$954.5m (down 13% from 2Q 2024). Net income: NT$69.1m (down 50% from 2Q 2024). Profit margin: 7.2% (down from 13% 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 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Declared Dividend • May 31
Dividend increased to NT$5.45 Dividend of NT$5.45 is 30% higher than last year. Ex-date: 17th June 2025 Payment date: 11th July 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% 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 2025 earnings released: EPS: NT$1.82 (vs NT$1.58 in 1Q 2024) First quarter 2025 results: EPS: NT$1.82 (up from NT$1.58 in 1Q 2024). Revenue: NT$1.10b (up 29% from 1Q 2024). Net income: NT$132.0m (up 15% from 1Q 2024). Profit margin: 12% (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 fallen by 2% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Ankündigung • Apr 23
Asia Tech Image Inc. to Report Q1, 2025 Results on Apr 30, 2025 Asia Tech Image Inc. announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$82.00, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 80% over the past three years. Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: NT$7.29 (vs NT$5.64 in FY 2023) Full year 2024 results: EPS: NT$7.29 (up from NT$5.64 in FY 2023). Revenue: NT$4.39b (up 24% from FY 2023). Net income: NT$528.4m (up 29% from FY 2023). Profit margin: 12% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Ankündigung • Mar 05
Asia Tech Image Inc., Annual General Meeting, May 28, 2025 Asia Tech Image Inc., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: b1 floor no,85, chung an st., jhonghe district, new taipei city Taiwan Buy Or Sell Opportunity • Feb 27
Now 21% undervalued Over the last 90 days, the stock has risen 30% to NT$117. The fair value is estimated to be NT$147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.3% over the last 3 years, while earnings per share has been flat. Ankündigung • Feb 19
Asia Tech Image Inc. to Report Fiscal Year 2024 Results on Feb 27, 2025 Asia Tech Image Inc. announced that they will report fiscal year 2024 results on Feb 27, 2025 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$126, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 185% over the past three years. Buy Or Sell Opportunity • Jan 09
Now 25% undervalued Over the last 90 days, the stock has risen 19% to NT$116. The fair value is estimated to be NT$154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.3% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to NT$140, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 212% over the past three years. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: NT$1.90 (vs NT$1.51 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.90 (up from NT$1.51 in 3Q 2023). Revenue: NT$1.34b (up 59% from 3Q 2023). Net income: NT$137.4m (up 25% from 3Q 2023). Profit margin: 10% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Ankündigung • Oct 20
Asia Tech Image Inc. to Report Q3, 2024 Results on Oct 28, 2024 Asia Tech Image Inc. announced that they will report Q3, 2024 results on Oct 28, 2024 New Risk • Sep 17
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 7.5% 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 (7.5% average weekly change). Buy Or Sell Opportunity • Sep 09
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to NT$106. The fair value is estimated to be NT$86.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$100.00, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total returns to shareholders of 118% over the past three years. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$1.90 (vs NT$2.12 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.90 (down from NT$2.12 in 2Q 2023). Revenue: NT$1.10b (up 8.7% from 2Q 2023). Net income: NT$138.0m (down 10% from 2Q 2023). Profit margin: 13% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. 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 11% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 21
Asia Tech Image Inc. to Report Q2, 2024 Results on Jul 29, 2024 Asia Tech Image Inc. announced that they will report Q2, 2024 results on Jul 29, 2024 Declared Dividend • Jun 01
Dividend of NT$4.20 announced Shareholders will receive a dividend of NT$4.20. Ex-date: 18th June 2024 Payment date: 12th July 2024 Dividend yield will be 5.7%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 5.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$1.58 (vs NT$1.19 in 1Q 2023) First quarter 2024 results: EPS: NT$1.58 (up from NT$1.19 in 1Q 2023). Revenue: NT$855.2m (down 2.7% from 1Q 2023). Net income: NT$114.6m (up 33% from 1Q 2023). Profit margin: 13% (up from 9.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% 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 • Apr 19
Asia Tech Image Inc. to Report Q1, 2024 Results on Apr 29, 2024 Asia Tech Image Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on Apr 29, 2024 Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: NT$5.64 (vs NT$7.98 in FY 2022) Full year 2023 results: EPS: NT$5.64 (down from NT$7.98 in FY 2022). Revenue: NT$3.54b (down 18% from FY 2022). Net income: NT$408.9m (down 29% from FY 2022). Profit margin: 12% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Ankündigung • Mar 01
Asia Tech Image Inc., Annual General Meeting, May 30, 2024 Asia Tech Image Inc., Annual General Meeting, May 30, 2024. Location: 1F., No. 918, Zhongzheng Rd., Zhonghe Dist New Tapei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Directors and Employees Compensation; to consider 2023 Distribution of Cash Dividends; to consider adoption of the 2023 Business Report and Financial Statements; to consider adoption of 2023 Earnings Distribution Proposal; to consider amendment to the Rules for Election of Directors; and to consider other matters. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: NT$1.51 (vs NT$2.35 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.51 (down from NT$2.35 in 3Q 2022). Revenue: NT$841.4m (down 22% from 3Q 2022). Net income: NT$109.7m (down 36% from 3Q 2022). Profit margin: 13% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. 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 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$2.12 (vs NT$2.34 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.12 (down from NT$2.34 in 2Q 2022). Revenue: NT$1.01b (down 3.6% from 2Q 2022). Net income: NT$153.9m (down 9.3% from 2Q 2022). Profit margin: 15% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 09
Upcoming dividend of NT$5.80 per share at 8.2% yield Eligible shareholders must have bought the stock before 16 June 2023. Payment date: 13 July 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 8.2%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%). Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: NT$7.98 (vs NT$5.87 in FY 2021) Full year 2022 results: EPS: NT$7.98 (up from NT$5.87 in FY 2021). Revenue: NT$4.29b (up 2.4% from FY 2021). Net income: NT$578.7m (up 36% from FY 2021). Profit margin: 14% (up from 10% in FY 2021). The increase in margin was primarily 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 only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Chih-Sheng Chang was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: NT$2.35 (vs NT$1.70 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.35 (up from NT$1.70 in 3Q 2021). Revenue: NT$1.08b (down 8.9% from 3Q 2021). Net income: NT$170.1m (up 38% from 3Q 2021). Profit margin: 16% (up from 10% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: NT$2.34 (vs NT$1.70 in 2Q 2021) Second quarter 2022 results: EPS: NT$2.34 (up from NT$1.70 in 2Q 2021). Revenue: NT$1.04b (down 2.1% from 2Q 2021). Net income: NT$169.7m (up 38% from 2Q 2021). Profit margin: 16% (up from 12% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Chih-Sheng Chang was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Chih-Sheng Chang was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Jun 21
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 8.8%. The fair value is estimated to be NT$69.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 8.0%. Upcoming Dividend • Jun 14
Upcoming dividend of NT$4.30 per share Eligible shareholders must have bought the stock before 21 June 2022. Payment date: 14 July 2022. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.1%). Buying Opportunity • May 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be NT$69.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 8.0%. Reported Earnings • May 08
First quarter 2022 earnings released: EPS: NT$1.73 (vs NT$1.28 in 1Q 2021) First quarter 2022 results: EPS: NT$1.73 (up from NT$1.28 in 1Q 2021). Revenue: NT$1.01b (flat on 1Q 2021). Net income: NT$125.2m (up 35% from 1Q 2021). Profit margin: 12% (up from 9.1% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Reported Earnings • Mar 07
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$5.87 (up from NT$5.16 in FY 2020). Revenue: NT$4.19b (up 5.1% from FY 2020). Net income: NT$425.5m (up 14% from FY 2020). Profit margin: 10% (in line with FY 2020). Revenue missed analyst estimates by 12%. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Ankündigung • Feb 18
Asia Tech Image Inc. Announces Demise of Hsien-Tang Lai, Director Asia Tech Image Inc. announced the death of Hsien-Tang Lai, Director. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS NT$1.70 (vs NT$1.39 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.18b (up 9.7% from 3Q 2020). Net income: NT$123.2m (up 23% from 3Q 2020). Profit margin: 10% (up from 9.3% 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 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS NT$1.70 (vs NT$1.40 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.07b (up 5.3% from 2Q 2020). Net income: NT$123.0m (up 21% from 2Q 2020). Profit margin: 12% (up from 10.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Jul 22
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 24 August 2021. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.2%). Reported Earnings • May 01
First quarter 2021 earnings released: EPS NT$1.28 (vs NT$1.23 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$1.02b (up 29% from 1Q 2020). Net income: NT$92.8m (up 4.1% from 1Q 2020). Profit margin: 9.1% (down from 11% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Ankündigung • Mar 20
Asia Tech Image Inc., Annual General Meeting, Jun 10, 2021 Asia Tech Image Inc., Annual General Meeting, Jun 10, 2021. Ankündigung • Mar 14
Asia Tech Image Inc. Announces Dividend for the Year Ended December 31, 2020 Asia Tech Image Inc. announced dividend of TWD 3.5 per share for the year ended December 31, 2020. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS NT$5.16 (vs NT$4.94 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$3.99b (up 4.8% from FY 2019). Net income: NT$374.3m (up 4.6% from FY 2019). Profit margin: 9.4% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Is New 90 Day High Low • Feb 18
New 90-day high: NT$58.00 The company is up 9.0% from its price of NT$53.30 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 35% over the same period. Is New 90 Day High Low • Jan 25
New 90-day high: NT$55.60 The company is up 9.0% from its price of NT$51.10 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 43% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: NT$54.60 The company is up 5.0% from its price of NT$52.10 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 24% over the same period. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS NT$1.39 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.08b (up 3.3% from 3Q 2019). Net income: NT$100.6m (down 21% from 3Q 2019). Profit margin: 9.3% (down from 12% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.