Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$58.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 80% over the past three years. Reported Earnings • May 19
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: NT$2.65 (up from NT$0.45 in 1Q 2025). Revenue: NT$902.2m (up 84% from 1Q 2025). Net income: NT$239.4m (up 486% from 1Q 2025). Profit margin: 27% (up from 8.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 184%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in Taiwan. 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 4% per year. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$2.02 (vs NT$2.89 in FY 2024) Full year 2025 results: EPS: NT$2.02 (down from NT$2.89 in FY 2024). Revenue: NT$2.33b (up 18% from FY 2024). Net income: NT$220.9m (down 12% from FY 2024). Profit margin: 9.5% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$42.20, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 30% over the past three years. Ankündigung • Feb 25
Donpon Precision Inc., Annual General Meeting, May 21, 2026 Donpon Precision Inc., Annual General Meeting, May 21, 2026. Location: b1 floor no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: NT$1.02 (vs NT$0.82 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.02 (up from NT$0.82 in 3Q 2024). Revenue: NT$627.8m (up 15% from 3Q 2024). Net income: NT$91.6m (up 29% from 3Q 2024). Profit margin: 15% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$48.75, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 103% over the past three years. Upcoming Dividend • Aug 07
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 14 August 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.8%). Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.42 in 1Q 2024) First quarter 2025 results: EPS: NT$0.32 (down from NT$0.42 in 1Q 2024). Revenue: NT$491.1m (up 29% from 1Q 2024). Net income: NT$40.9m (down 21% from 1Q 2024). Profit margin: 8.3% (down from 14% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 16
Donpon Precision Inc. to Report Q1, 2025 Results on Apr 23, 2025 Donpon Precision Inc. announced that they will report Q1, 2025 results on Apr 23, 2025 New Risk • Apr 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.09b (US$93.9m) 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 Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$3.09b market cap, or US$93.9m). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$26.65, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 38% over the past three years. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: NT$2.02 (vs NT$1.14 in FY 2023) Full year 2024 results: EPS: NT$2.02 (up from NT$1.14 in FY 2023). Revenue: NT$1.97b (up 5.6% from FY 2023). Net income: NT$251.1m (up 107% from FY 2023). Profit margin: 13% (up from 6.5% in FY 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 18
Donpon Precision Inc. to Report Q4, 2024 Results on Feb 25, 2025 Donpon Precision Inc. announced that they will report Q4, 2024 results on Feb 25, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.57 (vs NT$0.56 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.57 (up from NT$0.56 in 3Q 2023). Revenue: NT$547.6m (up 10% from 3Q 2023). Net income: NT$71.2m (up 19% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 24
Donpon Precision Inc. Announces Appointments of First Members of Sustainable Development Committee Donpon Precision Inc. announced sustainable development committee and appointed the first members of the committee. Name of the new position holder: Tai Chien Chang; Guan, Jyh-Liang; Cheng Chuan Shih; Resume of the new position holder: Tai Chien Chang/Chairman and General Manager of the Company; Guan, Jyh-Liang/Independent Director of the Company; Cheng Chuan Shih/Independent Director of the Company. Reason for the change: Establish a Sustainable Development Committee; Effective date of the new member: October 23, 2024. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$40.70, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 201% over the past three years. Ankündigung • Oct 16
Donpon Precision Inc. to Report Q3, 2024 Results on Oct 23, 2024 Donpon Precision Inc. announced that they will report Q3, 2024 results on Oct 23, 2024 Buy Or Sell Opportunity • Oct 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.2% to NT$32.75. The fair value is estimated to be NT$40.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 47%. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$35.25, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 200% over the past three years. Buy Or Sell Opportunity • Sep 04
Now 22% undervalued Over the last 90 days, the stock has risen 13% to NT$32.35. The fair value is estimated to be NT$41.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 47%. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.60 (vs NT$0.42 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.60 (up from NT$0.42 in 2Q 2023). Revenue: NT$484.2m (up 2.1% from 2Q 2023). Net income: NT$73.8m (up 71% from 2Q 2023). Profit margin: 15% (up from 9.1% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$25.90, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 119% over the past three years. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.25b (US$99.7m) 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (NT$3.25b market cap, or US$99.7m). Ankündigung • Jul 25
Donpon Precision Inc. Announces of the Members of the Sixth Remuneration Committee, Effective from July 24, 2024 Donpon Precision Inc. announced the members of the sixth remuneration committee of the Company. Name of the previous position holder: Wang, Hui-Ling; Guan, Jyh-Liang; Chen, Ying-Shou. Resume of the previous position holder: Wang, Hui-Ling: Independent Director of Donpon Precision Inc.; Guan, Jyh-Liang: Associate Professor, Department of Applied Economics and Management,National Ilan University; Chen, Ying-Shou: Lawyer, Chang Ying & Associates Law Firm. Name of the new position holder: Wang, Hui-Ling; Guan, Jyh-Liang; Chen, Ying-Shou; Cheng Chuan Shih. Resume of the new position holder: Wang, Hui-Ling: Independent Director of Donpon Precision Inc.; Guan, Jyh-Liang: Associate Professor, Department of Applied Economics and Management,National Ilan University; Chen, Ying-Shou: Lawyer, Chang Ying & Associates Law Firm; Cheng Chuan Shih: Chairman of Vast Vision Co. Ltd.
Reason for the change: term expired. Effective date of the new member from July 24, 2024. Ankündigung • Jul 17
Donpon Precision Inc. to Report Q2, 2024 Results on Jul 24, 2024 Donpon Precision Inc. announced that they will report Q2, 2024 results on Jul 24, 2024 Buy Or Sell Opportunity • Jul 16
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to NT$33.15. The fair value is estimated to be NT$26.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 49%. Upcoming Dividend • Jul 01
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 08 July 2024. Payment date: 29 July 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.6%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.42 (vs NT$0.093 in 1Q 2023) First quarter 2024 results: EPS: NT$0.42 (up from NT$0.093 in 1Q 2023). Revenue: NT$379.6m (up 3.9% from 1Q 2023). Net income: NT$51.9m (up 459% from 1Q 2023). Profit margin: 14% (up from 2.5% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 26
Donpon Precision Inc. Announces Executive Changes Donpon Precision Inc. announced change to the corporate governance officer. Name, title, and resume of the previous position holder: YING,LI-HAO, Vice President of Finance Department. Name, title, and resume of the new position holder: CHIEN,YA-HUI, senior manager. Reason for the change: Career planning. Effective date: April 24, 2024. The company has announced a significant information regarding the change in the corporate governance officer on March 25, 2024. The newly appointed corporate governance officer and spokesperson were approved by the board of directors on April 24, 2024. Ankündigung • Apr 19
Donpon Precision Inc. to Report Q1, 2024 Results on Apr 24, 2024 Donpon Precision Inc. announced that they will report Q1, 2024 results on Apr 24, 2024 Ankündigung • Mar 26
Donpon Precision Inc., Annual General Meeting, Jun 13, 2024 Donpon Precision Inc., Annual General Meeting, Jun 13, 2024. Location: NO. 58, SEC. 2, CHANGXING RD., LUZHU DIST., TAOYUAN CITY 338020, Taoyuan City Taiwan Agenda: To consider Annual Operating Report for the Year 2023; Review Report of the Audit Committee on the Financial Statements for the Year 2023; Report on the Distribution of Employee remuneration and Director Remuneration for the Year 2023; Report on the Issuance of the Company's Third Domestic Secured Convertible Corporate Bonds; Report on the Implementation of Private Placement Cash Increase of Capital for the Company; and to discuss other matters. Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: NT$1.14 (vs NT$1.17 in FY 2022) Full year 2023 results: EPS: NT$1.14. Revenue: NT$1.86b (up 3.7% from FY 2022). Net income: NT$121.4m (up 4.1% from FY 2022). Profit margin: 6.5% (in line with FY 2022). New Risk • Jan 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.12b (US$99.3m) 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 Risk Earnings have declined by 2.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (NT$3.12b market cap, or US$99.3m). New Risk • Sep 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.0% 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: Major Risk Earnings have declined by 2.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Market cap is less than US$100m (NT$2.76b market cap, or US$86.5m). New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 2.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.50b market cap, or US$78.5m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.42 (vs NT$0.33 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.42 (up from NT$0.33 in 2Q 2022). Revenue: NT$474.4m (up 19% from 2Q 2022). Net income: NT$43.0m (up 32% from 2Q 2022). Profit margin: 9.1% (up from 8.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 30
Upcoming dividend of NT$0.57 per share at 2.2% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 25 July 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%). Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: NT$1.17 (vs NT$0.77 in FY 2021) Full year 2022 results: EPS: NT$1.17 (up from NT$0.77 in FY 2021). Revenue: NT$1.79b (up 4.5% from FY 2021). Net income: NT$116.6m (up 52% from FY 2021). Profit margin: 6.5% (up from 4.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$24.50, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 80% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 25 October 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (4.5%). Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.33 (vs NT$0.045 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.33 (up from NT$0.045 in 2Q 2021). Revenue: NT$398.7m (up 17% from 2Q 2021). Net income: NT$32.7m (up NT$28.2m from 2Q 2021). Profit margin: 8.2% (up from 1.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% 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. Reported Earnings • May 18
First quarter 2022 earnings released: NT$0.38 loss per share (vs NT$0.026 profit in 1Q 2021) First quarter 2022 results: NT$0.38 loss per share (down from NT$0.026 profit in 1Q 2021). Revenue: NT$284.9m (up 2.0% from 1Q 2021). Net loss: NT$38.3m (down NT$40.9m from profit in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 17% share price gain to NT$18.90, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 8.3% over the past three years. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.36 (vs NT$0.36 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$540.1m (up 4.1% from 3Q 2020). Net income: NT$36.3m (up 2.6% from 3Q 2020). Profit margin: 6.7% (down from 6.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 19
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 24 September 2021. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%). Reported Earnings • Feb 28
Full year 2020 earnings released: EPS NT$0.61 (vs NT$0.17 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$1.69b (down 28% from FY 2019). Net income: NT$61.1m (up 253% from FY 2019). Profit margin: 3.6% (up from 0.7% in FY 2019). The increase in margin was driven by lower expenses. 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 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 20
New 90-day low: NT$14.55 The company is down 7.0% from its price of NT$15.60 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period. Is New 90 Day High Low • Nov 28
New 90-day high: NT$16.00 The company is up 19% from its price of NT$13.50 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.36 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$518.9m (down 21% from 3Q 2019). Net income: NT$35.4m (up 63% from 3Q 2019). Profit margin: 6.8% (up from 3.3% in 3Q 2019). The increase in margin was driven by lower expenses. 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 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 21
New 90-day high: NT$15.45 The company is up 11% from its price of NT$13.95 on 23 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 Electronic industry, which is down 4.0% over the same period.