Buy Or Sell Opportunity • Jul 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to NT$28.35. The fair value is estimated to be NT$36.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 52%. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Alice Hsieh was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$38.40, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 25x in the Electrical industry in Taiwan. Total returns to shareholders of 221% over the past three years. Declared Dividend • Jun 01
Dividend increased to NT$2.02 Dividend of NT$2.02 is 152% higher than last year. Ex-date: 15th June 2026 Payment date: 3rd July 2026 Dividend yield will be 5.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 24% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 45% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.13 (vs NT$0.86 in 1Q 2025) First quarter 2026 results: EPS: NT$0.13 (down from NT$0.86 in 1Q 2025). Revenue: NT$704.4m (down 25% from 1Q 2025). Net income: NT$10.4m (down 84% from 1Q 2025). Profit margin: 1.5% (down from 6.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$3.43 (vs NT$2.28 in FY 2024) Full year 2025 results: EPS: NT$3.43 (up from NT$2.28 in FY 2024). Revenue: NT$4.04b (up 31% from FY 2024). Net income: NT$250.2m (up 62% from FY 2024). Profit margin: 6.2% (up from 5.0% 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 54% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Anuncio • Mar 12
Wieson Technologies Co., Ltd., Annual General Meeting, May 28, 2026 Wieson Technologies Co., Ltd., Annual General Meeting, May 28, 2026, at 09:30 Taipei Standard Time. Location: no,237-6, sec.1 ta t`ung rd., sijhih district, new taipei city Taiwan New Risk • Jan 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$46.30, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 22x in the Electrical industry in Taiwan. Total returns to shareholders of 313% over the past three years. New Risk • Nov 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$1.33 (vs NT$0.60 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.33 (up from NT$0.60 in 3Q 2024). Revenue: NT$1.09b (up 30% from 3Q 2024). Net income: NT$96.7m (up 134% from 3Q 2024). Profit margin: 8.8% (up from 4.9% 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 45% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Nov 04
Wieson Technologies Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 0.364 million. Wieson Technologies Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 0.364 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 9,100
Price(maximum): TWD 40 Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$61.10, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 24x in the Electrical industry in Taiwan. Total returns to shareholders of 397% over the past three years. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$0.74 (vs NT$0.56 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.74 (up from NT$0.56 in 2Q 2024). Revenue: NT$1.03b (up 36% from 2Q 2024). Net income: NT$53.8m (up 43% from 2Q 2024). Profit margin: 5.2% (up from 5.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 05
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 03 July 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.2%). Reported Earnings • Jun 03
First quarter 2025 earnings released: EPS: NT$0.86 (vs NT$0.54 in 1Q 2024) First quarter 2025 results: EPS: NT$0.86 (up from NT$0.54 in 1Q 2024). Revenue: NT$938.5m (up 34% from 1Q 2024). Net income: NT$62.8m (up 76% from 1Q 2024). Profit margin: 6.7% (up from 5.1% 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 8% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$49.30, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 18x in the Electrical industry in Taiwan. Total returns to shareholders of 291% over the past three years. Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: NT$2.28 (vs NT$0.82 in FY 2023) Full year 2024 results: EPS: NT$2.28 (up from NT$0.82 in FY 2023). Revenue: NT$3.08b (up 16% from FY 2023). Net income: NT$154.2m (up 182% from FY 2023). Profit margin: 5.0% (up from 2.1% 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 6% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.54b (US$76.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (NT$2.54b market cap, or US$76.9m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to NT$35.70, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 20x in the Electrical industry in Taiwan. Total returns to shareholders of 143% over the past three years. Anuncio • Mar 14
Wieson Technologies Co., Ltd., Annual General Meeting, May 26, 2025 Wieson Technologies Co., Ltd., Annual General Meeting, May 26, 2025, at 09:30 Taipei Standard Time. Location: no,237-6, sec.1 ta t`ung rd., sijhih district, new taipei city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Feb 26
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 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$61.50, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 21x in the Electrical industry in Taiwan. Total returns to shareholders of 317% over the past three years. New Risk • Jan 06
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 Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$49.80, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 22x in the Electrical industry in Taiwan. Total returns to shareholders of 215% over the past three years. New Risk • Dec 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$44.70, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 25x in the Electrical industry in Taiwan. Total returns to shareholders of 242% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to NT$35.00, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 28x in the Electrical industry in Taiwan. Total returns to shareholders of 198% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to NT$51.20, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 31x in the Electrical industry in Taiwan. Total returns to shareholders of 277% over the past three years. Upcoming Dividend • Jun 26
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 03 July 2024. Payment date: 23 July 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$41.45, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 29x in the Electrical industry in Taiwan. Total returns to shareholders of 215% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 44% After last week's 44% share price gain to NT$20.00, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 25x in the Electrical industry in Taiwan. Total returns to shareholders of 78% over the past three years. Reported Earnings • May 04
Full year 2023 earnings released: EPS: NT$0.82 (vs NT$1.27 in FY 2022) Full year 2023 results: EPS: NT$0.82 (down from NT$1.27 in FY 2022). Revenue: NT$2.65b (down 2.6% from FY 2022). Net income: NT$54.7m (down 35% from FY 2022). Profit margin: 2.1% (down from 3.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Apr 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). 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 (6.6% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (NT$883.3m market cap, or US$27.1m). Anuncio • Apr 12
Wieson Technologies Co., Ltd., Annual General Meeting, Jun 27, 2024 Wieson Technologies Co., Ltd., Annual General Meeting, Jun 27, 2024. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$14.85, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 21x in the Electrical industry in Taiwan. Total loss to shareholders of 14% over the past three years. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (NT$833.3m market cap, or US$26.3m). New Risk • Nov 27
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 5.8% 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 Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (NT$790.0m market cap, or US$25.0m). Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$12.95, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 89% over the past three years. Reported Earnings • Aug 15
First half 2023 earnings released: EPS: NT$0.02 (vs NT$0.71 in 1H 2022) First half 2023 results: EPS: NT$0.02 (down from NT$0.71 in 1H 2022). Revenue: NT$1.16b (down 11% from 1H 2022). Net income: NT$1.16m (down 98% from 1H 2022). Profit margin: 0.1% (down from 3.6% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 42% per year. Upcoming Dividend • Jul 12
Upcoming dividend of NT$0.35 per share at 2.9% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$13.90, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 14x in the Electrical industry in Taiwan. Total returns to shareholders of 231% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Michael Liu was the last independent director to join the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$10.65, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 16x in the Electrical industry in Taiwan. Total returns to shareholders of 187% over the past three years. Reported Earnings • Aug 15
First half 2022 earnings released: EPS: NT$0.71 (vs NT$0.47 in 1H 2021) First half 2022 results: EPS: NT$0.71 (up from NT$0.47 in 1H 2021). Revenue: NT$1.31b (up 9.5% from 1H 2021). Net income: NT$47.0m (up 49% from 1H 2021). Profit margin: 3.6% (up from 2.6% in 1H 2021). 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 53% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 11
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 18 July 2022. Payment date: 05 August 2022. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.7%). Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: NT$2.13 (vs NT$0.24 in FY 2020) Full year 2021 results: EPS: NT$2.13 (up from NT$0.24 in FY 2020). Revenue: NT$2.59b (up 26% from FY 2020). Net income: NT$141.8m (up NT$125.6m from FY 2020). Profit margin: 5.5% (up from 0.8% in FY 2020). Over the last 3 years on average, earnings per share has increased by 131% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Michael Liu was the last independent director to join the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 21% share price gain to NT$16.05, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 302% over the past three years. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 16% share price gain to NT$14.50, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 272% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 18% share price gain to NT$14.65, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 200% over the past three years. Reported Earnings • Aug 18
First half 2021 earnings released: EPS NT$0.47 (vs NT$0.20 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$1.19b (up 26% from 1H 2020). Net income: NT$31.6m (up 139% from 1H 2020). Profit margin: 2.6% (up from 1.4% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 19% share price gain to NT$15.00, the stock trades at a trailing P/E ratio of 61.9x. Average trailing P/E is 15x in the Electrical industry in Taiwan. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 28% share price gain to NT$13.40, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 14x in the Electrical industry in Taiwan. Total returns to shareholders of 129% over the past three years. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$14.30, the stock trades at a trailing P/E ratio of 59.6x. Average trailing P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 146% over the past three years. Reported Earnings • Apr 27
Full year 2020 earnings released: EPS NT$0.24 (vs NT$0.47 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$2.07b (down 14% from FY 2019). Net income: NT$16.1m (up NT$47.6m from FY 2019). Profit margin: 0.8% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 52% per year. Is New 90 Day High Low • Feb 18
New 90-day high: NT$8.10 The company is up 25% from its price of NT$6.50 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 04
New 90-day high: NT$7.15 The company is up 78% from its price of NT$4.02 on 06 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 15
New 90-day high: NT$5.30 The company is up 31% from its price of NT$4.04 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 11% over the same period. 
