Reported Earnings • May 06
First quarter 2026 earnings released: NT$0.12 loss per share (vs NT$0.42 profit in 1Q 2025) First quarter 2026 results: NT$0.12 loss per share (down from NT$0.42 profit in 1Q 2025). Revenue: NT$136.9m (down 33% from 1Q 2025). Net loss: NT$11.7m (down 129% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • May 06
New major risk - Revenue and earnings growth Earnings have declined by 6.2% 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 6.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (NT$2.33b market cap, or US$74.0m). Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$0.60 (vs NT$2.88 in FY 2024) Full year 2025 results: EPS: NT$0.60 (down from NT$2.88 in FY 2024). Revenue: NT$757.2m (down 36% from FY 2024). Net income: NT$57.6m (down 79% from FY 2024). Profit margin: 7.6% (down from 23% 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 5% per year whereas the company’s share price has fallen by 1% per year. Bekanntmachung • Mar 12
DrayTek Corporation, Annual General Meeting, Jun 26, 2026 DrayTek Corporation, Annual General Meeting, Jun 26, 2026. Location: no,26, fu hsing rd., feng shan ts`un, hukou township, hsinchu county Taiwan Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$0.32 (vs NT$0.72 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.32 (down from NT$0.72 in 3Q 2024). Revenue: NT$191.5m (down 43% from 3Q 2024). Net income: NT$31.1m (down 55% from 3Q 2024). Profit margin: 16% (down from 20% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. New Risk • Aug 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.82b (US$92.1m) 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 Dividend is not well covered by earnings (222% payout ratio). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (NT$2.82b market cap, or US$92.1m). Reported Earnings • Aug 13
Second quarter 2025 earnings released: NT$0.33 loss per share (vs NT$1.07 profit in 2Q 2024) Second quarter 2025 results: NT$0.33 loss per share (down from NT$1.07 profit in 2Q 2024). Revenue: NT$211.0m (down 44% from 2Q 2024). Net loss: NT$32.2m (down 132% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Declared Dividend • Aug 13
Dividend of NT$2.53 announced Shareholders will receive a dividend of NT$2.53. Ex-date: 27th August 2025 Payment date: 1st October 2025 Dividend yield will be 7.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jun 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.95b (US$98.8m) 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. Market cap is less than US$100m (NT$2.95b market cap, or US$98.8m). Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$0.42 (vs NT$0.73 in 1Q 2024) First quarter 2025 results: EPS: NT$0.42 (down from NT$0.73 in 1Q 2024). Revenue: NT$203.9m (down 27% from 1Q 2024). Net income: NT$40.0m (down 41% from 1Q 2024). Profit margin: 20% (down from 24% in 1Q 2024). The decrease in margin was driven by lower revenue. 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 7% per year. Bekanntmachung • Apr 30
DrayTek Corporation to Report Q1, 2025 Results on May 07, 2025 DrayTek Corporation announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to NT$28.70, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total returns to shareholders of 10% over the past three years. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$96.6m) 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: 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$3.19b market cap, or US$96.6m). Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$2.88 (vs NT$1.34 in FY 2023) Full year 2024 results: EPS: NT$2.88 (up from NT$1.34 in FY 2023). Revenue: NT$1.18b (up 52% from FY 2023). Net income: NT$271.6m (up 121% from FY 2023). Profit margin: 23% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. 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 13% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • Mar 12
DrayTek Corporation, Annual General Meeting, Jun 26, 2025 DrayTek Corporation, Annual General Meeting, Jun 26, 2025. Location: no,26, fu hsing rd., feng shan ts`un, hukou township, hsinchu county Taiwan Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$40.30, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 30x in the Communications industry in Taiwan. Total returns to shareholders of 66% over the past three years. New Risk • Nov 12
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 8.0% 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 Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). 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 (2.9% increase in shares outstanding). New Risk • Nov 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: NT$0.72 (vs NT$0.62 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.72 (up from NT$0.62 in 3Q 2023). Revenue: NT$337.2m (up 42% from 3Q 2023). Net income: NT$68.9m (up 20% from 3Q 2023). Profit margin: 20% (down from 24% in 3Q 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 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$53.10, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 122% over the past three years. Bekanntmachung • Oct 29
DrayTek Corporation to Report Q3, 2024 Results on Nov 05, 2024 DrayTek Corporation announced that they will report Q3, 2024 results on Nov 05, 2024 New Risk • Aug 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Declared Dividend • Aug 08
Dividend reduced to NT$1.65 Dividend of NT$1.65 is 0.8% lower than last year. Ex-date: 28th August 2024 Payment date: 2nd October 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: NT$1.07 (vs NT$0.71 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.07 (up from NT$0.71 in 2Q 2023). Revenue: NT$376.5m (up 66% from 2Q 2023). Net income: NT$101.3m (up 55% from 2Q 2023). Profit margin: 27% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Bekanntmachung • Jul 30
DrayTek Corporation to Report Q2, 2024 Results on Aug 06, 2024 DrayTek Corporation announced that they will report Q2, 2024 results on Aug 06, 2024 New Risk • Jun 19
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 6.9% 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 Risk Earnings have declined by 1.5% 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. Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$46.50, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 117% over the past three years. Bekanntmachung • May 02
DrayTek Corporation to Report Q1, 2024 Results on May 09, 2024 DrayTek Corporation announced that they will report Q1, 2024 results on May 09, 2024 New Risk • Apr 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$97.6m) 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 Risk Earnings have declined by 1.5% 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$3.17b market cap, or US$97.6m). Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$1.34 (vs NT$1.96 in FY 2022) Full year 2023 results: EPS: NT$1.34 (down from NT$1.96 in FY 2022). Revenue: NT$775.3m (down 14% from FY 2022). Net income: NT$123.0m (down 30% from FY 2022). Profit margin: 16% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Bekanntmachung • Mar 15
DrayTek Corporation, Annual General Meeting, Jun 26, 2024 DrayTek Corporation, Annual General Meeting, Jun 26, 2024. Location: No.26, Fuxing Rd., Fengshan Vil., Hukou Township Hsinchu County, Taiwan (R.O.C.) Hsinchu County Taiwan Agenda: To consider Report on the distribution of remunerations of employees and Directors in 2023; to consider Business report for 2023; to consider Audit Committees Review Report. New Risk • Nov 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Cash payout ratio: 203% Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Market cap is less than US$100m (NT$2.88b market cap, or US$90.8m). New Risk • Nov 01
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 5.7% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Cash payout ratio: 173% Earnings have declined by 2.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$37.60, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$34.00, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 58% over the past three years. Upcoming Dividend • Aug 23
Upcoming dividend of NT$1.67 per share at 5.5% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 04 October 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.5%. Lower than top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (2.6%). New Risk • Aug 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Cash payout ratio: 175% Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (NT$2.74b market cap, or US$85.9m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.71 (vs NT$0.90 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.71 (down from NT$0.90 in 2Q 2022). Revenue: NT$226.9m (down 25% from 2Q 2022). Net income: NT$65.2m (down 19% from 2Q 2022). Profit margin: 29% (up from 27% in 2Q 2022). 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 but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: NT$1.96 (vs NT$1.85 in FY 2021) Full year 2022 results: EPS: NT$1.96 (up from NT$1.85 in FY 2021). Revenue: NT$899.3m (down 3.4% from FY 2021). Net income: NT$175.8m (up 9.2% from FY 2021). Profit margin: 20% (up from 17% in FY 2021). The increase in margin was driven by lower expenses. 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 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.46 (vs NT$0.40 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.46 (up from NT$0.40 in 3Q 2021). Revenue: NT$141.4m (down 40% from 3Q 2021). Net income: NT$41.4m (up 17% from 3Q 2021). Profit margin: 29% (up from 15% 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 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.46 (vs NT$0.40 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.46 (up from NT$0.40 in 3Q 2021). Revenue: NT$141.4m (down 40% from 3Q 2021). Net income: NT$41.4m (up 17% from 3Q 2021). Profit margin: 29% (up from 15% 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 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 22
Upcoming dividend of NT$1.67 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 12 October 2022. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 15% share price gain to NT$33.95, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 43% over the past three years. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.68 (vs NT$0.40 in 1Q 2021) First quarter 2022 results: EPS: NT$0.68 (up from NT$0.40 in 1Q 2021). Revenue: NT$290.9m (up 35% from 1Q 2021). Net income: NT$59.8m (up 74% from 1Q 2021). Profit margin: 21% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.35 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$237.0m (up 8.1% from 3Q 2020). Net income: NT$35.3m (up 19% from 3Q 2020). Profit margin: 15% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue. 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 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 22% share price gain to NT$30.50, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 40% over the past three years. Upcoming Dividend • Aug 20
Upcoming dividend of NT$1.49 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 24 September 2021. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.30 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$215.7m (down 1.4% from 1Q 2020). Net income: NT$34.3m (up 34% from 1Q 2020). Profit margin: 16% (up from 12% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$1.27 (vs NT$1.80 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$841.2m (down 8.7% from FY 2019). Net income: NT$108.7m (down 28% from FY 2019). Profit margin: 13% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 30
New 90-day high: NT$26.80 The company is up 4.0% from its price of NT$25.65 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 6.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS NT$0.35 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$219.2m (down 11% from 3Q 2019). Net income: NT$29.8m (down 31% from 3Q 2019). Profit margin: 14% (down from 18% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 30
New 90-day low: NT$25.05 The company is down 9.0% from its price of NT$27.45 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 1.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$25.35 The company is down 9.0% from its price of NT$27.75 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 2.0% over the same period.