Reported Earnings • Mar 13
Full year 2025 earnings released: NT$6.95 loss per share (vs NT$2.56 loss in FY 2024) Full year 2025 results: NT$6.95 loss per share (further deteriorated from NT$2.56 loss in FY 2024). Revenue: NT$22.3b (down 16% from FY 2024). Net loss: NT$2.23b (loss widened 170% from FY 2024). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in Taiwan. 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. Bekanntmachung • Mar 11
Flexium Interconnect, Inc., Annual General Meeting, May 28, 2026 Flexium Interconnect, Inc., Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: no,1, shang fa 5th rd., daliao district, kaohsiung city Taiwan Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: NT$1.92 loss per share (further deteriorated from NT$1.03 loss in 3Q 2024). Revenue: NT$6.10b (down 5.0% from 3Q 2024). Net loss: NT$611.4m (loss widened 84% from 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Nov 08
Consensus EPS estimates fall by 46% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$24.5b to NT$23.6b. Losses expected to increase from NT$3.58 per share to NT$5.23. Electronic industry in Taiwan expected to see average net income growth of 27% next year. Consensus price target of NT$66.83 unchanged from last update. Share price fell 10% to NT$56.70 over the past week. Major Estimate Revision • Sep 18
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$25.3b to NT$24.5b. Losses expected to increase from NT$3.04 per share to NT$3.58. Electronic industry in Taiwan expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at NT$69.75. Share price was steady at NT$66.00 over the past week. Reported Earnings • Aug 13
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: NT$1.41 loss per share (down from NT$0.25 profit in 2Q 2024). Revenue: NT$5.50b (down 27% from 2Q 2024). Net loss: NT$455.4m (down NT$536.0m from profit in 2Q 2024). Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. New Risk • Jul 11
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. This is currently the only risk that has been identified for the company. Major Estimate Revision • May 29
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -NT$1.63 to -NT$2.01 per share. Revenue forecast unchanged at NT$25.9b. Electronic industry in Taiwan expected to see average net income growth of 18% next year. Consensus price target of NT$68.00 unchanged from last update. Share price was steady at NT$54.00 over the past week. Reported Earnings • May 14
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: NT$1.76 loss per share (down from NT$0.055 profit in 1Q 2024). Revenue: NT$5.17b (down 24% from 1Q 2024). Net loss: NT$566.9m (down NT$584.6m from profit in 1Q 2024). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Price Target Changed • May 10
Price target decreased by 9.1% to NT$73.19 Down from NT$80.47, the current price target is an average from 7 analysts. New target price is 34% above last closing price of NT$54.50. Stock is down 46% over the past year. The company is forecast to post earnings per share of NT$4.88 next year compared to a net loss per share of NT$2.56 last year. Bekanntmachung • May 01
Flexium Interconnect, Inc. to Report Q1, 2025 Results on May 08, 2025 Flexium Interconnect, Inc. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.9% 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. This is currently the only risk that has been identified for the company. Price Target Changed • Feb 26
Price target increased by 8.3% to NT$81.79 Up from NT$75.50, the current price target is an average from 8 analysts. New target price is 16% above last closing price of NT$70.60. Stock is down 19% over the past year. The company is forecast to post a net loss per share of NT$1.36 compared to earnings per share of NT$6.45 last year. Bekanntmachung • Feb 24
Flexium Interconnect, Inc., Annual General Meeting, May 28, 2025 Flexium Interconnect, Inc., Annual General Meeting, May 28, 2025. Location: no,1, shang fa 5th rd., daliao district, kaohsiung city Taiwan Bekanntmachung • Feb 14
Flexium Interconnect, Inc. to Report Fiscal Year 2024 Results on Feb 21, 2025 Flexium Interconnect, Inc. announced that they will report fiscal year 2024 results on Feb 21, 2025 Buy Or Sell Opportunity • Nov 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to NT$66.30. The fair value is estimated to be NT$83.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 5.9% in 2 years. Earnings are forecast to grow by 91% in the next 2 years. Major Estimate Revision • Nov 15
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$31.2b to NT$26.6b. Forecast loss of -NT$1.88, down from profit of NT$1.84 per share profit previously. Electronic industry in Taiwan expected to see average net income growth of 25% next year. Consensus price target down from NT$80.29 to NT$76.43. Share price fell 7.7% to NT$66.80 over the past week. Buy Or Sell Opportunity • Nov 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to NT$67.20. The fair value is estimated to be NT$84.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 7.6% in 2 years. Earnings are forecast to grow by 110% in the next 2 years. Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: NT$1.03 loss per share (down from NT$2.42 profit in 3Q 2023). Revenue: NT$6.42b (down 20% from 3Q 2023). Net loss: NT$333.1m (down 143% from profit in 3Q 2023). Revenue missed analyst estimates by 19%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. 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 10% per year, which means it has not declined as severely as earnings. New Risk • Nov 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 133% Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (4.9% net profit margin). Bekanntmachung • Nov 02
Flexium Interconnect, Inc. to Report Q3, 2024 Results on Nov 07, 2024 Flexium Interconnect, Inc. announced that they will report Q3, 2024 results on Nov 07, 2024 New Risk • Oct 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 133% Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (4.9% net profit margin). Reported Earnings • Aug 17
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: NT$0.25 (down from NT$1.75 in 2Q 2023). Revenue: NT$7.57b (down 6.9% from 2Q 2023). Net income: NT$80.6m (down 86% from 2Q 2023). Profit margin: 1.1% (down from 6.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 65%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.0% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 07
Now 22% overvalued Over the last 90 days, the stock has fallen 17% to NT$83.20. The fair value is estimated to be NT$68.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.6%. Revenue is forecast to grow by 3.6% in 2 years. Earnings are forecast to decline by 14% in the next 2 years. Bekanntmachung • Aug 03
Flexium Interconnect, Inc. to Report Q2, 2024 Results on Aug 12, 2024 Flexium Interconnect, Inc. announced that they will report Q2, 2024 results on Aug 12, 2024 Major Estimate Revision • Jul 17
Consensus EPS estimates increase by 54% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$30.0b to NT$31.3b. EPS estimate increased from NT$2.51 to NT$3.87 per share. Net income forecast to shrink 29% next year vs 28% growth forecast for Electronic industry in Taiwan . Consensus price target broadly unchanged at NT$83.25. Share price rose 6.9% to NT$94.70 over the past week. New Risk • Jul 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • May 23
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 05 July 2024. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 5.1%. Within top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.9%). Reported Earnings • May 13
First quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.32 in 1Q 2023) First quarter 2024 results: EPS: NT$0.06 (down from NT$0.32 in 1Q 2023). Revenue: NT$6.79b (down 16% from 1Q 2023). Net income: NT$17.8m (down 82% from 1Q 2023). Profit margin: 0.3% (down from 1.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Bekanntmachung • May 03
Flexium Interconnect, Inc. to Report Q1, 2024 Results on May 08, 2024 Flexium Interconnect, Inc. announced that they will report Q1, 2024 results on May 08, 2024 Major Estimate Revision • May 01
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$33.3b to NT$32.9b. EPS estimate also fell from NT$6.29 per share to NT$5.23 per share. Net income forecast to shrink 15% next year vs 33% growth forecast for Electronic industry in Taiwan . Consensus price target broadly unchanged at NT$82.00. Share price was steady at NT$91.40 over the past week. New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (142% cash payout ratio). Reported Earnings • Mar 05
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: NT$6.45 (down from NT$10.83 in FY 2022). Revenue: NT$32.7b (down 18% from FY 2022). Net income: NT$2.07b (down 41% from FY 2022). Profit margin: 6.3% (down from 8.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Taiwan. 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 10% per year, which means it is performing significantly worse than earnings. Bekanntmachung • Feb 17
Flexium Interconnect, Inc. announced a financing transaction Flexium Interconnect, Inc. announced a private placement of 32,000,000 common shares on February 15, 2024. The transaction has been approved by the board of directors. Declared Dividend • Feb 17
Dividend of NT$5.00 announced Shareholders will receive a dividend of NT$5.00. Ex-date: 30th May 2024 Payment date: 5th July 2024 Dividend yield will be 5.9%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Bekanntmachung • Feb 16
Flexium Interconnect, Inc., Annual General Meeting, May 30, 2024 Flexium Interconnect, Inc., Annual General Meeting, May 30, 2024. Location: No.1, Shangfa 5th Rd., Hofa Industrial Park, Daliao Dist., Kaohsiung City Taiwan Agenda: To report the business of 2023; to consider Audit Committee's Review Report; to report 2023 employees' profit sharing bonus and directors' compensation; to consider the Company's distribution of remunerations and additional paid in capital by cash; to consider status of unsecured European convertible bonds; to consider the handling status for the resolution of 2023 Regular Shareholders' Meeting for conducting public offerings of ordinary shares, or issue new shares to participate in GDRs, or private placements of ordinary shares, or overseas or domestic convertible bonds; to revise the Articles of Incorporation; and to consider other matters. New Risk • Feb 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% 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 Dividend is not well covered by cash flows (120% cash payout ratio). Profit margins are more than 30% lower than last year (5.6% net profit margin). Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Bekanntmachung • Feb 16
Flexium Interconnect, Inc. Announces Cash Dividend for 2023, Payable on July 05, 2024 Flexium Interconnect, Inc. announced appropriations of earnings in cash dividends to shareholders of TWD 4 per share; Cash distributed from legal reserve and capital surplus to shareholders of TWD 1 per share. Total amount of cash distributed to shareholders: TWD 1,612,504,905; Period which dividends belong to: 2023. Cash Dividend: earnings distribution TWD 1,290,003,924 and distribute TWD 322,500,981 from the additional paid in capital. Ex-rights (ex-dividend) trading date is May 30, 2024; Ex-rights (ex-dividend) record date is June 07, 2024. Payment date of common stock cash dividend distribution: July 05, 2024. Bekanntmachung • Feb 02
Flexium Interconnect, Inc. Announces Change of Juristic-Person Representative Director Flexium Interconnect, Inc. announced the change of juristic-person representative director. Name of the previous position holder: Blue Lan. Resume of the previous position holder: Director of Administration Division. Name of the new position holder: Junjie Chen. Resume of the new position holder: General manager, Rafael Microelectronics, Inc. Effective date of the new appointment is February 1, 2024. Bekanntmachung • Jan 05
Flexium Interconnect, Inc. Announces Change of Chief Internal Auditor Flexium Interconnect, Inc. announced that Board of Directors approved the change of chief internal auditor. Date of occurrence of the change: January 4, 2024. Name, title, and resume of the previous position holder: Winni Pai /group auditor. Name, title, and resume of the new position holder: Jason Du /internal auditor. Reason for the change: position adjustment. Effective date: January 4, 2024. New Risk • Nov 21
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: 5.6% Last year net profit margin: 10% 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: Minor Risks Dividend is not well covered by cash flows (109% cash payout ratio). Profit margins are more than 30% lower than last year (5.6% net profit margin). Price Target Changed • Oct 31
Price target decreased by 8.3% to NT$87.44 Down from NT$95.36, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of NT$83.50. Stock is down 14% over the past year. The company is forecast to post earnings per share of NT$6.97 for next year compared to NT$10.83 last year. New Risk • Oct 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (97% cash payout ratio). Major Estimate Revision • Sep 09
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$36.9b to NT$35.7b. EPS estimate also fell from NT$7.46 per share to NT$6.30 per share. Net income forecast to shrink 21% next year vs 5.2% growth forecast for Electronic industry in Taiwan . Consensus price target down from NT$97.45 to NT$95.36. Share price was steady at NT$90.10 over the past week. New Risk • Aug 18
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 5.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Major Estimate Revision • Jul 28
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$39.0b to NT$37.6b. EPS estimate also fell from NT$9.26 per share to NT$7.74 per share. Net income forecast to shrink 4.6% next year vs 3.8% decline forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$97.18. Share price rose 4.1% to NT$98.10 over the past week. Upcoming Dividend • May 25
Upcoming dividend of NT$5.00 per share at 5.1% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (5.7%). Higher than average of industry peers (4.4%). Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NT$41.6b to NT$38.4b. EPS estimate also fell from NT$9.75 per share to NT$7.56 per share. Net income forecast to shrink 31% next year vs 7.3% decline forecast for Electronic industry in Taiwan. Consensus price target down from NT$102 to NT$98.08. Share price fell 4.4% to NT$94.50 over the past week. Reported Earnings • Feb 27
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: NT$10.83 (up from NT$8.19 in FY 2021). Revenue: NT$40.1b (up 13% from FY 2021). Net income: NT$3.52b (up 22% from FY 2021). Profit margin: 8.8% (up from 8.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 10
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from NT$13.18 to NT$10.27 per share. Revenue forecast steady at NT$40.1b. Net income forecast to shrink 19% next year vs 3.5% growth forecast for Electronic industry in Taiwan . Consensus price target broadly unchanged at NT$103. Share price fell 4.7% to NT$99.10 over the past week. Bekanntmachung • Feb 01
Flexium Interconnect, Inc. to Report Q4, 2022 Results on Feb 09, 2023 Flexium Interconnect, Inc. announced that they will report Q4, 2022 results on Feb 09, 2023 Price Target Changed • Nov 16
Price target increased to NT$104 Up from NT$97.25, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of NT$108. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of NT$13.28 for next year compared to NT$8.19 last year. Reported Earnings • Nov 10
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: NT$5.98 (up from NT$2.69 in 3Q 2021). Revenue: NT$12.1b (up 34% from 3Q 2021). Net income: NT$1.91b (up 104% from 3Q 2021). Profit margin: 16% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Price Target Changed • Nov 03
Price target increased to NT$104 Up from NT$97.25, the current price target is an average from 13 analysts. New target price is 6.2% above last closing price of NT$98.40. Stock is up 0.7% over the past year. The company is forecast to post earnings per share of NT$13.18 for next year compared to NT$8.19 last year. Major Estimate Revision • Nov 01
Consensus EPS estimates increase by 25% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NT$38.4b to NT$39.8b. EPS estimate increased from NT$8.90 to NT$11.11 per share. Net income forecast to grow 11% next year vs 4.2% growth forecast for Electronic industry in Taiwan. Consensus price target broadly unchanged at NT$99.08. Share price rose 3.7% to NT$91.60 over the past week. Reported Earnings • Aug 11
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: NT$0.90 (up from NT$0.33 in 2Q 2021). Revenue: NT$7.31b (up 3.7% from 2Q 2021). Net income: NT$288.4m (up 145% from 2Q 2021). Profit margin: 3.9% (up from 1.7% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 3.5%, compared to a 8.5% growth forecast for the industry in Taiwan. 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 1% per year. Bekanntmachung • Jun 01
Flexium Interconnect, Inc. Announces the Resignation of Remuneration Committee Members Flexium Interconnect, Inc. announced the term expiration of the members of the company's Remuneration Committee. Name of the previous position holder: Xin-Bin Fu; Huang Shui-Tong; Wu Pei-Jun. Resume of the previous position holder: Xin-Bin Fu¡FIndependent Director, Flexium Interconnect. Inc.; Huang Shui-Tong¡FIndependent Director, Flexium Interconnect. Inc.; and Wu Pei-Jun¡FIndependent Director, Flexium Interconnect. Inc. Upcoming Dividend • May 25
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (4.3%). Reported Earnings • May 16
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$2.29 (up from NT$1.45 in 1Q 2021). Revenue: NT$9.49b (up 33% from 1Q 2021). Net income: NT$783.1m (up 52% from 1Q 2021). Profit margin: 8.2% (up from 7.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Over the next year, revenue is forecast to grow 3.6%, compared to a 9.7% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Price Target Changed • May 15
Price target decreased to NT$101 Down from NT$109, the current price target is an average from 11 analysts. New target price is 11% above last closing price of NT$91.70. Stock is down 20% over the past year. The company is forecast to post earnings per share of NT$8.43 for next year compared to NT$8.19 last year. Bekanntmachung • May 05
Flexium Interconnect, Inc. Declares Cash Dividend Flexium Interconnect, Inc. announced that board of directors or shareholders meeting held on May 4, 2022, declared Cash Dividend of TWD 1,593,170,095 from the additional paid in capital. Ex-rights (ex-dividend) trading date is July 1, 2022 and ex-rights (ex-dividend) record date is June 10, 2022. Price Target Changed • Apr 28
Price target decreased to NT$101 Down from NT$109, the current price target is an average from 13 analysts. New target price is 9.6% above last closing price of NT$92.50. Stock is down 22% over the past year. The company is forecast to post earnings per share of NT$8.79 for next year compared to NT$8.19 last year. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Hsin-Pin Fu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buying Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be NT$125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 37% in the next 2 years. Bekanntmachung • Mar 31
Flexium Interconnect, Inc. Announces the Resignation of Antony Tsai as COO Flexium Interconnect, Inc. announced the resignation of Antony Tsai as COO, effective March 29, 2022. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: NT$8.19 (down from NT$8.63 in FY 2020). Revenue: NT$35.6b (up 19% from FY 2020). Net income: NT$2.88b (down 1.9% from FY 2020). Profit margin: 8.1% (down from 9.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 8.0%, compared to a 9.2% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year. Price Target Changed • Feb 11
Price target decreased to NT$110 Down from NT$120, the current price target is an average from 12 analysts. New target price is 11% above last closing price of NT$99.00. Stock is down 19% over the past year. The company is forecast to post earnings per share of NT$8.27 for next year compared to NT$8.63 last year. Major Estimate Revision • Feb 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from NT$10.75 to NT$9.39 per share. Revenue forecast steady at NT$38.4b. Net income forecast to grow 6.9% next year vs 20% growth forecast for Electronic industry in Taiwan. Consensus price target down from NT$120 to NT$114. Share price rose 2.5% to NT$99.00 over the past week. Bekanntmachung • Feb 10
Flexium Interconnect, Inc., Annual General Meeting, Jun 16, 2022 Flexium Interconnect, Inc., Annual General Meeting, Jun 16, 2022. Location: No.23, Juguang 1st St., Daliao Dist., Kaohsiung City Taiwan Agenda: To report the business of 2021; to consider audit committee review report; to report 2021 employees profit sharing bonus and directors compensation; to approve the proposal for distribution of 2021 earnings; to consider status of unsecured European convertible bonds; to consider status of share buyback by the company; and to consider status report of the resolution of the shareholders meeting of the company in 2021 of conducting the issuance of public offering or private offering of common shares, or to issue new common shares to sponsor the issuance of global depository receipts. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$2.69 (vs NT$1.68 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$9.10b (up 13% from 3Q 2020). Net income: NT$935.9m (up 62% from 3Q 2020). Profit margin: 10% (up from 7.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Price Target Changed • Oct 28
Price target decreased to NT$133 Down from NT$144, the current price target is an average from 11 analysts. New target price is 36% above last closing price of NT$97.70. Stock is down 20% over the past year. The company is forecast to post earnings per share of NT$9.25 for next year compared to NT$8.63 last year. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$0.33 (vs NT$1.58 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$7.05b (up 7.5% from 2Q 2020). Net income: NT$117.6m (down 78% from 2Q 2020). Profit margin: 1.7% (down from 8.0% in 2Q 2020). 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 whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Jun 11
Upcoming dividend of NT$5.12 per share Eligible shareholders must have bought the stock before 18 June 2021. Payment date: 22 July 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (3.1%). Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$1.45 (vs NT$1.12 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$7.13b (up 55% from 1Q 2020). Net income: NT$516.8m (up 41% from 1Q 2020). Profit margin: 7.2% (down from 8.0% 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 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS NT$8.63 (vs NT$10.02 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$29.9b (up 15% from FY 2019). Net income: NT$2.93b (down 7.0% from FY 2019). Profit margin: 9.8% (down from 12% in FY 2019). 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 whereas the company’s share price has increased by 4% per year. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the Electronic industry in Taiwan. Bekanntmachung • Feb 18
Flexium Interconnect, Inc., Annual General Meeting, Jun 17, 2021 Flexium Interconnect, Inc., Annual General Meeting, Jun 17, 2021. Location: No.23, Juguang 1st St., Daliao Dist. Kaohsiung City Taiwan Agenda: To report the business of 2020; To consider audit committee’s Review Report; To report 2020 employees profit sharing bonus and director’s compensation; To consider proposal for cash distributions through capital surplus; To consider status of unsecured European convertible bonds; To accept 2020 Business Report and Financial Statements; To approve the proposal for distribution of 2020 earnings; To revise the Articles of Incorporation; To approve the lifting of director of non-competition restrictions; and To hold public offering of common stocks, joining depositary receipts by new issues or private placement of common stocks, issuing convertible bonds in foreign and domestic. Is New 90 Day High Low • Feb 18
New 90-day high: NT$125 The company is up 10.0% from its price of NT$114 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$329 per share. Bekanntmachung • Feb 02
Flexium Interconnect, Inc. to Report Q4, 2020 Results on Feb 24, 2021 Flexium Interconnect, Inc. announced that they will report Q4, 2020 results on Feb 24, 2021 Is New 90 Day High Low • Jan 14
New 90-day high: NT$125 The company is up 4.0% from its price of NT$120 on 16 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 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$291 per share. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS NT$1.68 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$8.05b (down 3.1% from 3Q 2019). Net income: NT$576.4m (down 50% from 3Q 2019). Profit margin: 7.2% (down from 14% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 51%. Over the next year, revenue is forecast to grow 14%, compared to a 11% growth forecast for the Electronic industry in Taiwan. Major Estimate Revision • Nov 07
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from NT$9.60 to NT$8.54. Revenue estimate was approximately flat at NT$29.3b. Net income is expected to shrink by 4.0% next year compared to 23% growth forecast for the Electronic industry in Taiwan . The consensus price target of NT$144 was unchanged from the last update. Share price is up 1.7% to NT$119 over the past week. Major Estimate Revision • Nov 01
Analysts update estimates The 2020 consensus revenue estimate increased from NT$28.9b to NT$29.2b. Earnings per share (EPS) estimate was lowered from NT$10.60 to NT$8.99 for the same period. Net income is expected to shrink by 1.7% next year compared to 22% growth forecast for the Electronic industry in Taiwan . The consensus price target was lowered from NT$149 to NT$143. Share price is down by 4.5% to NT$117 over the past week. Is New 90 Day High Low • Oct 30
New 90-day low: NT$117 The company is down 18% from its price of NT$142 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 Electronic industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$223 per share. Bekanntmachung • Oct 16
Flexium Interconnect, Inc. to Report Q3, 2020 Results on Oct 29, 2020 Flexium Interconnect, Inc. announced that they will report Q3, 2020 results on Oct 29, 2020 Bekanntmachung • Jul 17
Flexium Interconnect, Inc. to Report Q2, 2020 Results on Jul 29, 2020 Flexium Interconnect, Inc. announced that they will report Q2, 2020 results on Jul 29, 2020