New Risk • Apr 04
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 124% The company is paying a dividend despite having no free cash flows. Dividend yield: 11% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Paying a dividend despite having no free cash flows. High level of non-cash earnings (61% accrual ratio). Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$4.02 (vs NT$1.04 in FY 2024) Full year 2025 results: EPS: NT$4.02 (up from NT$1.04 in FY 2024). Revenue: NT$3.22b (up 13% from FY 2024). Net income: NT$308.3m (up 288% from FY 2024). Profit margin: 9.6% (up from 2.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$48.50, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total returns to shareholders of 71% over the past three years. Ankündigung • Mar 13
Lang Inc., Annual General Meeting, Jun 18, 2026 Lang Inc., Annual General Meeting, Jun 18, 2026. Location: 2 floor no,1, wu ch`uan rd., new taipei city Taiwan Board Change • Feb 11
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. 4 non-independent directors. Independent Director Hsiao Chen was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.11b (US$98.5m) 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 (63% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.11b market cap, or US$98.5m). Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.92 (vs NT$0.23 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.92 (up from NT$0.23 in 3Q 2024). Revenue: NT$826.3m (up 18% from 3Q 2024). Net income: NT$70.0m (up 290% from 3Q 2024). Profit margin: 8.5% (up from 2.6% 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 95% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: NT$1.04 (vs NT$0.20 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.04 (up from NT$0.20 in 2Q 2024). Revenue: NT$785.2m (up 8.9% from 2Q 2024). Net income: NT$78.3m (up 413% from 2Q 2024). Profit margin: 10.0% (up from 2.1% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 18
Upcoming dividend of NT$0.59 per share Eligible shareholders must have bought the stock before 25 July 2025. Payment date: 19 August 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.0%). 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$1.06 (vs NT$0.17 in 1Q 2024) First quarter 2025 results: EPS: NT$1.06 (up from NT$0.17 in 1Q 2024). Revenue: NT$795.4m (up 11% from 1Q 2024). Net income: NT$81.8m (up NT$69.7m from 1Q 2024). Profit margin: 10% (up from 1.7% in 1Q 2024). The increase in margin was driven by higher revenue. 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 32% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.05b (US$92.7m) 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$39.70, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 34% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$1.04 (vs NT$0.26 in FY 2023) Full year 2024 results: EPS: NT$1.04 (up from NT$0.26 in FY 2023). Revenue: NT$2.85b (up 5.1% from FY 2023). Net income: NT$79.4m (up 422% from FY 2023). Profit margin: 2.8% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Jan 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.29b (US$100.0m) 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 Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (NT$3.29b market cap, or US$100.0m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$0.23 (vs NT$0.22 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.23 (up from NT$0.22 in 3Q 2023). Revenue: NT$697.9m (up 4.9% from 3Q 2023). Net income: NT$18.0m (up 31% from 3Q 2023). Profit margin: 2.6% (up from 2.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Ankündigung • Nov 05
Lang Inc. to Report Q3, 2024 Results on Nov 12, 2024 Lang Inc. announced that they will report Q3, 2024 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$46.55, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 11% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.20 (vs NT$0.16 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.20 (up from NT$0.16 in 2Q 2023). Revenue: NT$721.3m (up 3.5% from 2Q 2023). Net income: NT$15.3m (up 77% from 2Q 2023). Profit margin: 2.1% (up from 1.2% in 2Q 2023). The increase in margin was driven by higher revenue. 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. Ankündigung • Aug 03
Lang Inc. to Report Q2, 2024 Results on Aug 12, 2024 Lang Inc. announced that they will report Q2, 2024 results on Aug 12, 2024 Upcoming Dividend • Jun 18
Inaugural dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 19 July 2024. This is the first dividend for Lang since going public. The average dividend yield among industry peers is 2.6%. Upcoming Dividend • Jun 18
Inaugural dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 19 July 2024. This is the first dividend for Lang since going public. The average dividend yield among industry peers is 2.6%. Upcoming Dividend • Jun 18
Inaugural dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 19 July 2024. This is the first dividend for Lang since going public. The average dividend yield among industry peers is 2.6%. Ankündigung • Jun 08
Lang Inc. Announces Total Cash Dividend, Payable on July 19, 2024 Lang Inc. announced Total Cash dividend is TWD 31,101,049, (TWD 0.4 per share). Ex-rights (ex-dividend) trading date is June 25, 2024. Ex-rights (ex-dividend) record date is July 01, 2024. Payment date of common stock cash dividend distribution is July 19, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company is June 6, 2024. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.17 (vs NT$0.73 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.17 (up from NT$0.73 loss in 1Q 2023). Revenue: NT$717.8m (up 8.0% from 1Q 2023). Net income: NT$12.1m (up NT$50.9m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Ankündigung • May 09
Lang Inc. to Report Q1, 2024 Results on May 13, 2024 Lang Inc. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$0.26 (vs NT$0.62 in FY 2022) Full year 2023 results: EPS: NT$0.26 (down from NT$0.62 in FY 2022). Revenue: NT$2.71b (down 10.0% from FY 2022). Net income: NT$15.2m (down 54% from FY 2022). Profit margin: 0.6% (down from 1.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 15
Lang Inc. announced that it expects to receive TWD 300 million in funding Lang Inc. announced a private placement to issue domestic secured convertible corporate bonds for the gross proceeds of TWD 300,000,000 on March 13, 2024. The transaction has been approved by the shareholders of the company and bears zero coupon rate and matures after 3 years from the date of closing. Ankündigung • Mar 14
Lang Inc., Annual General Meeting, Jun 25, 2024 Lang Inc., Annual General Meeting, Jun 25, 2024. Location: 2F.,No.1,Wuquan Rd.,Wugu Dist.,New Taipei City,Taiwan New Taipei City Taiwan Agenda: To consider The Company's 2023 2023 business report; to consider Audit Committee's review report on 2023 Financial Statements; to consider Report on the Companys Private Placement of Common Stock and Domestic Secured convertible bonds; to Report on 2023 employees' and directors' remuneration; to consider The Report of the Cash Dividends without Surplus distribution for 2023; to consider The Report the Company conduct the domestic cash capital increase and issuance of common stock by book building; to Report on the remuneration paid to directors by the Company for 2023. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$0.16 (vs NT$0.38 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.16 (down from NT$0.38 in 2Q 2022). Revenue: NT$696.6m (down 4.8% from 2Q 2022). Net income: NT$8.62m (down 57% from 2Q 2022). Profit margin: 1.2% (down from 2.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% 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. New Risk • Aug 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (NT$2.03b market cap, or US$64.0m). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: NT$0.62 (vs NT$2.57 in FY 2021) Full year 2022 results: EPS: NT$0.62 (down from NT$2.57 in FY 2021). Revenue: NT$3.01b (up 11% from FY 2021). Net income: NT$33.2m (down 76% from FY 2021). Profit margin: 1.1% (down from 5.0% in FY 2021). The decrease in margin was driven by higher expenses. 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 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: NT$0.49 (vs NT$0.81 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.49 (down from NT$0.81 in 3Q 2021). Revenue: NT$796.4m (up 13% from 3Q 2021). Net income: NT$26.0m (down 39% from 3Q 2021). Profit margin: 3.3% (down from 6.1% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.37 (vs NT$2.41 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.37 (down from NT$2.41 in 2Q 2021). Revenue: NT$731.4m (up 10.0% from 2Q 2021). Net income: NT$20.1m (down 84% from 2Q 2021). Profit margin: 2.8% (down from 19% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$0.06 (vs NT$0.27 in 1Q 2021) First quarter 2022 results: EPS: NT$0.06 (down from NT$0.27 in 1Q 2021). Revenue: NT$696.3m (up 22% from 1Q 2021). Net income: NT$2.94m (down 80% from 1Q 2021). Profit margin: 0.4% (down from 2.5% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$2.57 (vs NT$1.13 in FY 2020) Full year 2021 results: EPS: NT$2.57 (up from NT$1.13 in FY 2020). Revenue: NT$2.72b (up 221% from FY 2020). Net income: NT$137.0m (up 134% from FY 2020). Profit margin: 5.0% (down from 6.9% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 02
Lang Inc., Annual General Meeting, Jun 22, 2022 Lang Inc., Annual General Meeting, Jun 22, 2022. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS NT$0.81 (vs NT$0.27 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$705.2m (up 173% from 3Q 2020). Net income: NT$42.9m (up 212% from 3Q 2020). Profit margin: 6.1% (up from 5.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 25% share price gain to NT$43.50, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 439% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$2.41 (vs NT$0.18 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$664.9m (up NT$664.6m from 2Q 2020). Net income: NT$128.1m (up NT$118.9m from 2Q 2020). Profit margin: 19% (down from 2,956% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 19% share price gain to NT$36.30, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 123% over the past three years. Reported Earnings • May 18
First quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.075 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$572.4m (up NT$571.8m from 1Q 2020). Net income: NT$14.4m (up NT$18.1m from 1Q 2020). Profit margin: 2.5% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging 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$31.50, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 17x in the Electronic industry in Taiwan. Total returns to shareholders of 99% over the past three years. Is New 90 Day High Low • Jan 20
New 90-day low: NT$38.10 The company is down 52% from its price of NT$78.80 on 22 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 • Jan 05
New 90-day low: NT$41.30 The company is down 47% from its price of NT$78.50 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: NT$51.00 The company is down 18% from its price of NT$62.50 on 17 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS NT$0.26 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$257.9m (up NT$257.4m from 3Q 2019). Net income: NT$13.7m (up NT$19.9m from 3Q 2019). Profit margin: 5.3% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Sep 25
New 90-day high: NT$70.00 The company is up 127% from its price of NT$30.90 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period.