Upcoming Dividend • Jul 03
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 10 July 2026. Payment date: 31 July 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (1.0%). Declared Dividend • Jun 17
Dividend increased to NT$0.35 Dividend of NT$0.35 is 17% higher than last year. Ex-date: 10th July 2026 Payment date: 31st July 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (393% earnings payout ratio). However, it is well covered by cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 337% to bring the payout ratio under control. However, EPS has declined by 48% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 13
First quarter 2026 earnings released: NT$0.015 loss per share (vs NT$0.087 loss in 1Q 2025) First quarter 2026 results: NT$0.015 loss per share (improved from NT$0.087 loss in 1Q 2025). Revenue: NT$225.0m (up 54% from 1Q 2025). Net loss: NT$1.88m (loss narrowed 83% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. New Risk • Mar 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% 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 Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 44% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Buy Or Sell Opportunity • Mar 16
Now 20% undervalued Over the last 90 days, the stock has risen 6.7% to NT$38.40. The fair value is estimated to be NT$48.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 55% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$0.02 (vs NT$0.67 loss in FY 2024) Full year 2025 results: EPS: NT$0.02 (up from NT$0.67 loss in FY 2024). Revenue: NT$855.7m (down 4.5% from FY 2024). Net income: NT$2.13m (up NT$84.7m from FY 2024). Profit margin: 0.2% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 05
ANJI Technology Co., Ltd., Annual General Meeting, May 26, 2026 ANJI Technology Co., Ltd., Annual General Meeting, May 26, 2026. Location: no,31, kung yeh 2nd rd., an nan district, tainan city Taiwan Reported Earnings • Nov 12
Third quarter 2025 earnings released: NT$0.01 loss per share (vs NT$0.15 profit in 3Q 2024) Third quarter 2025 results: NT$0.01 loss per share (down from NT$0.15 profit in 3Q 2024). Revenue: NT$288.4m (down 3.5% from 3Q 2024). Net loss: NT$1.62m (down 109% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. New Risk • Sep 26
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 6.6% 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 Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings have declined by 35% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$0.22 (vs NT$0.15 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.22 (up from NT$0.15 in 2Q 2024). Revenue: NT$218.6m (down 7.3% from 2Q 2024). Net income: NT$27.8m (up 49% from 2Q 2024). Profit margin: 13% (up from 7.9% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 20
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 31 July 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.3%). Declared Dividend • May 31
Dividend reduced to NT$0.30 Dividend of NT$0.30 is 63% lower than last year. Ex-date: 27th June 2025 Payment date: 31st July 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.0%. Ankündigung • May 30
ANJI Technology Co., Ltd. Approves Cash Dividend, Payable on July 31, 2025 ANJI Technology Co., Ltd. approved Cash dividend from capital surplus TWD 37,136,159 (TWD 0.3 per share), Ex-rights (ex-dividend) trading date: June 27, 2025, Ex-rights (ex-dividend) record date: July 5, 2025, Payment date of common stock cash dividend distribution: July 31, 2025. Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.09 loss per share (vs NT$0.30 loss in 1Q 2024) First quarter 2025 results: NT$0.09 loss per share (improved from NT$0.30 loss in 1Q 2024). Revenue: NT$145.9m (down 22% from 1Q 2024). Net loss: NT$10.8m (loss narrowed 71% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Ankündigung • Apr 30
ANJI Technology Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 ANJI Technology Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Apr 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.29b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (NT$3.29b market cap, or US$99.6m). New Risk • Mar 24
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 8.1% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 22% per year over the past 5 years. Reported Earnings • Mar 19
Full year 2024 earnings released: NT$0.67 loss per share (vs NT$1.21 profit in FY 2023) Full year 2024 results: NT$0.67 loss per share (down from NT$1.21 profit in FY 2023). Revenue: NT$895.6m (down 40% from FY 2023). Net loss: NT$82.6m (down 155% from profit in FY 2023). 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 17% per year, which means it has not declined as severely as earnings. Ankündigung • Mar 05
ANJI Technology Co., Ltd., Annual General Meeting, May 22, 2025 ANJI Technology Co., Ltd., Annual General Meeting, May 22, 2025, at 09:00 Taipei Standard Time. Location: no,31, kung yeh 2nd rd., an nan district, tainan city Taiwan Ankündigung • Feb 20
ANJI Technology Co., Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025 ANJI Technology Co., Ltd. announced that they will report fiscal year 2024 results on Feb 27, 2025 New Risk • Jan 03
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 6.3% 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 Risks Interest payments are not well covered by earnings (1.7x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 15% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.15 (vs NT$0.39 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.15 (down from NT$0.39 in 3Q 2023). Revenue: NT$298.9m (up 17% from 3Q 2023). Net income: NT$18.0m (down 62% from 3Q 2023). Profit margin: 6.0% (down from 19% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% 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. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.15 (vs NT$0.77 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.15 (down from NT$0.77 in 2Q 2023). Revenue: NT$235.8m (down 54% from 2Q 2023). Net income: NT$18.7m (down 80% from 2Q 2023). Profit margin: 7.9% (down from 19% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$31.90, the stock trades at a trailing P/E ratio of 72.6x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total loss to shareholders of 18% over the past three years. Ankündigung • Jul 31
ANJI Technology Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024 ANJI Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 31 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.0%). Ankündigung • May 26
Anji Technology Co., Ltd. Announces Cash Dividend for the Year 2023, Payable on July 31, 2024 ANJI Technology Co., Ltd. announced cash dividend of TWD 0.8 per share totaling TWD 99,025,974 for the year 2023. Ex-rights (ex-dividend) trading date is July 27, 2024, Ex-rights (ex-dividend) record date is July 5, 2024 and payment date is July 31, 2024. New Risk • May 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: 10.0% 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 (10.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 182% Paying a dividend despite having no free cash flows. Earnings have declined by 4.6% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin). Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.30 loss per share (vs NT$0.47 profit in 1Q 2023) First quarter 2024 results: NT$0.30 loss per share (down from NT$0.47 profit in 1Q 2023). Revenue: NT$186.5m (down 63% from 1Q 2023). Net loss: NT$37.3m (down 164% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Buy Or Sell Opportunity • May 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.2% to NT$38.00. The fair value is estimated to be NT$31.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. Ankündigung • Apr 28
ANJI Technology Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 ANJI Technology Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Buy Or Sell Opportunity • Apr 10
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 6.9% to NT$39.60. The fair value is estimated to be NT$32.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. New Risk • Mar 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 46% 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 Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks High level of debt (80% net debt to equity). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: NT$1.21 (vs NT$1.90 in FY 2022) Full year 2023 results: EPS: NT$1.21 (down from NT$1.90 in FY 2022). Revenue: NT$1.50b (down 54% from FY 2022). Net income: NT$149.5m (down 35% from FY 2022). Profit margin: 10.0% (up from 7.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Ankündigung • Mar 08
ANJI Technology Co., Ltd., Annual General Meeting, May 24, 2024 ANJI Technology Co., Ltd., Annual General Meeting, May 24, 2024. Location: No. 31, Gongye 2nd Rd., Annan Dist., Tainan City Taiwan Agenda: To consider 2023 Operation Report; to consider Audit Committees review report on 2023 financial statements; to consider Distribution of 2023 compensation to employees and remuneration to Directors; to consider 2023 Distribution of Cash Dividends from Earnings report; to consider 2023 directors compensation report; and to consider other matters. New Risk • Aug 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risks Debt is not well covered by operating cash flow (0.02% operating cash flow to total debt). High level of non-cash earnings (22% accrual ratio). Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$0.77 (vs NT$0.22 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.77 (up from NT$0.22 in 2Q 2022). Revenue: NT$514.1m (down 19% from 2Q 2022). Net income: NT$95.4m (up 256% from 2Q 2022). Profit margin: 19% (up from 4.2% in 2Q 2022). The increase in margin was driven by lower 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 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 14
Upcoming dividend of NT$0.80 per share at 1.6% yield Eligible shareholders must have bought the stock before 21 July 2023. Payment date: 28 August 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%). Ankündigung • Jul 06
Anji Technology Co., Ltd. Announces Change in Dividend Rate ANJI Technology Co., Ltd. announced change is dividend rate. original dividend distribution rate: Cash dividend TWD 96,970,792 (TWD 0.8 per share); Stock dividend TWD 24,242,700 (TWD 0.2 per share). Type and monetary amount of dividend distribution after the change: Cash dividend TWD 96,970,792 (TWD 0.799046 per share); Stock dividend TWD 24,242,700 (TWD 0.19976 per share; allot 19.976 shares for every thousand shares); Cash dividend TWD 96,970,792 (TWD 0.799046 per share). Reason for the change: Due to the third and fourth domestic unsecured conversion corporate bonds issued by the company, the creditors applied for conversion of common shares, resulting in changes in the total number of common shares in circulation, and authorized the chairman to adjust the allotment and dividend rate. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: NT$1.93 (vs NT$1.16 in FY 2021) Full year 2022 results: EPS: NT$1.93 (up from NT$1.16 in FY 2021). Revenue: NT$3.27b (up 112% from FY 2021). Net income: NT$228.9m (up 73% from FY 2021). Profit margin: 7.0% (down from 8.6% in FY 2021). 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 increased by 41% per year, which means it is well ahead of earnings. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: NT$0.81 (vs NT$0.40 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.81 (up from NT$0.40 in 3Q 2021). Revenue: NT$1.03b (up 215% from 3Q 2021). Net income: NT$97.1m (up 111% from 3Q 2021). Profit margin: 9.4% (down from 14% in 3Q 2021). 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 increased by 29% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Hsiao-Hsin Huang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$44.20, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 117% over the past three years. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: NT$0.23 (vs NT$0.36 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.23 (down from NT$0.36 in 2Q 2021). Revenue: NT$635.2m (up 107% from 2Q 2021). Net income: NT$26.8m (down 35% from 2Q 2021). Profit margin: 4.2% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$48.30, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 23% share price gain to NT$52.80, the stock trades at a trailing P/E ratio of 43.4x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 150% over the past three years. Upcoming Dividend • Jun 16
Upcoming dividend of NT$0.51 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 18 July 2022. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (6.0%). Lower than average of industry peers (3.1%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.19 (vs NT$0.094 in 1Q 2021) First quarter 2022 results: EPS: NT$0.19 (up from NT$0.094 in 1Q 2021). Revenue: NT$761.8m (up 295% from 1Q 2021). Net income: NT$21.4m (up 106% from 1Q 2021). Profit margin: 2.8% (down from 5.4% in 1Q 2021). The decrease in margin was driven by higher 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 31% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Hsiao-Hsin Huang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: NT$1.16 (down from NT$2.65 in FY 2020). Revenue: NT$1.54b (down 26% from FY 2020). Net income: NT$132.1m (down 50% from FY 2020). Profit margin: 8.6% (down from 13% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 23%. Over the next year, revenue is forecast to grow 62%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.40 (vs NT$1.31 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$326.7m (down 66% from 3Q 2020). Net income: NT$46.1m (down 65% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). 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 27% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 19% share price gain to NT$49.70, the stock trades at a trailing P/E ratio of 25.6x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 196% over the past three years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 16% share price gain to NT$39.00, the stock trades at a trailing P/E ratio of 20.1x. Average forward P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$30.30, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 37% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.36 (vs NT$0.82 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$307.0m (down 50% from 2Q 2020). Net income: NT$41.0m (down 47% from 2Q 2020). Profit margin: 13% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 28
Upcoming dividend of NT$1.14 per share Eligible shareholders must have bought the stock before 05 July 2021. Payment date: 04 August 2021. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improved over the past week After last week's 17% share price gain to NT$51.80, the stock trades at a trailing P/E ratio of 20.8x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 145% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.09 (vs NT$0.17 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$192.8m (up 5.7% from 1Q 2020). Net income: NT$10.4m (down 35% from 1Q 2020). Profit margin: 5.4% (down from 8.8% 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 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$46.80, the stock trades at a trailing P/E ratio of 17.7x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 94% over the past three years. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS NT$2.65 (vs NT$2.21 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$2.09b (up 33% from FY 2019). Net income: NT$263.4m (up 26% from FY 2019). Profit margin: 13% (in line with FY 2019). 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 41% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue beats expectations Revenue exceeded analyst estimates by 0.007%. Over the next year, revenue is expected to shrink by 3.5% compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Ankündigung • Feb 27
ANJI Technology Co., Ltd., Annual General Meeting, May 28, 2021 ANJI Technology Co., Ltd., Annual General Meeting, May 28, 2021. Is New 90 Day High Low • Feb 02
New 90-day low: NT$56.00 The company is down 3.0% from its price of NT$57.80 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 Semiconductor industry, which is up 37% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 16% share price gain to NT$71.00, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 21.4x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 232%. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 17% share price gain to NT$72.60, the stock is trading at a trailing P/E ratio of 25.4x, up from the previous P/E ratio of 21.7x. This compares to an average P/E of 25x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 242%. Is New 90 Day High Low • Dec 23
New 90-day high: NT$67.40 The company is up 80% from its price of NT$37.50 on 24 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: NT$65.50 The company is up 86% from its price of NT$35.25 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 14% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$1.31 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$952.5m (up 208% from 3Q 2019). Net income: NT$133.1m (up 190% from 3Q 2019). Profit margin: 14% (down from 15% 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 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Oct 26
New 90-day high: NT$63.80 The company is up 88% from its price of NT$33.90 on 28 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 5.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: NT$44.65 The company is up 56% from its price of NT$28.70 on 10 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 18% over the same period.