Declared Dividend • Jun 19
Dividend reduced to NT$0.80 Dividend of NT$0.80 is 20% lower than last year. Ex-date: 14th July 2026 Payment date: 7th August 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio) nor is it covered by cash flows (165% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 56% to bring the payout ratio under control. However, EPS has declined by 32% over the last 5 years so the company would need to reverse this trend. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$57.50, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 45x in the Semiconductor industry in Taiwan. Total returns to shareholders of 24% over the past three years. Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$0.48 (vs NT$0.23 in 1Q 2025) First quarter 2026 results: EPS: NT$0.48 (up from NT$0.23 in 1Q 2025). Revenue: NT$762.7m (up 24% from 1Q 2025). Net income: NT$80.3m (up 111% from 1Q 2025). Profit margin: 11% (up from 6.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$0.72 (vs NT$1.07 in FY 2024) Full year 2025 results: EPS: NT$0.72 (down from NT$1.07 in FY 2024). Revenue: NT$2.68b (down 2.5% from FY 2024). Net income: NT$120.5m (down 33% from FY 2024). Profit margin: 4.5% (down from 6.5% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Anuncio • Mar 05
Sonix Technology Co.,Ltd., Annual General Meeting, Jun 17, 2026 Sonix Technology Co.,Ltd., Annual General Meeting, Jun 17, 2026, at 09:00 Taipei Standard Time. Location: 9 floor no,36, t`ai yuan st., jhubei city, hsinchu county Taiwan Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$40.15, the stock trades at a trailing P/E ratio of 56.5x. Average trailing P/E is 35x in the Semiconductor industry in Taiwan. Total loss to shareholders of 17% over the past three years. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$0.24 (vs NT$0.14 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.24 (up from NT$0.14 in 3Q 2024). Revenue: NT$659.6m (down 4.6% from 3Q 2024). Net income: NT$40.8m (up 77% from 3Q 2024). Profit margin: 6.2% (up from 3.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$0.03 (vs NT$0.44 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.03 (down from NT$0.44 in 2Q 2024). Revenue: NT$712.4m (down 1.7% from 2Q 2024). Net income: NT$5.65m (down 92% from 2Q 2024). Profit margin: 0.8% (down from 10% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 09
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 16 July 2025. Payment date: 08 August 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.3%). Declared Dividend • Jun 21
Dividend reduced to NT$1.00 Dividend of NT$1.00 is 17% lower than last year. Ex-date: 16th July 2025 Payment date: 8th August 2025 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. However, EPS has declined by 18% over the last 5 years so the company would need to reverse this trend. Anuncio • Jun 20
Sonix Technology Co.,Ltd Approves Cash Dividend, Payable on August 8, 2025 Sonix Technology Co.,Ltd. at its shareholders meeting held on June 19, 2025, approved the Cash dividend of TWD 167,877,062 (TWD 1 per share). Ex-rights (ex-dividend) trading date is July 16, 2025. Ex-rights (ex-dividend) record date is July 22, 2025. Payment date of common stock cash dividend distribution is August 8, 2025. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.28 in 1Q 2024) First quarter 2025 results: EPS: NT$0.23 (down from NT$0.28 in 1Q 2024). Revenue: NT$615.5m (flat on 1Q 2024). Net income: NT$38.0m (down 20% from 1Q 2024). Profit margin: 6.2% (down from 7.8% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Anuncio • May 01
Sonix Technology Co.,Ltd. to Report Q1, 2025 Results on May 07, 2025 Sonix Technology Co.,Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$32.80, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 52% over the past three years. Anuncio • Mar 03
Sonix Technology Co.,Ltd., Annual General Meeting, Jun 19, 2025 Sonix Technology Co.,Ltd., Annual General Meeting, Jun 19, 2025, at 09:00 Taipei Standard Time. Location: 9 floor no,36, t`ai yuan st., jhubei city, hsinchu county Taiwan Anuncio • Feb 20
Sonix Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 27, 2025 Sonix Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 27, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.14 (vs NT$0.36 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.14 (down from NT$0.36 in 3Q 2023). Revenue: NT$691.4m (down 1.0% from 3Q 2023). Net income: NT$23.1m (down 62% from 3Q 2023). Profit margin: 3.3% (down from 8.7% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Anuncio • Oct 31
Sonix Technology Co.,Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Sonix Technology Co.,Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$0.44 (vs NT$0.44 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.44 (down from NT$0.44 in 2Q 2023). Revenue: NT$724.4m (up 9.3% from 2Q 2023). Net income: NT$73.7m (down 1.0% from 2Q 2023). Profit margin: 10% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Anuncio • Jul 31
Sonix Technology Co.,Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Sonix Technology Co.,Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Declared Dividend • Jul 01
Dividend reduced to NT$1.20 Dividend of NT$1.20 is 52% lower than last year. Ex-date: 16th July 2024 Payment date: 8th August 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (89.8% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share declined by 8.7% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range. New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (108% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.4% net profit margin). New Risk • May 10
New major risk - Revenue and earnings growth Earnings have declined by 3.3% 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 3.3% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (254% payout ratio). Profit margins are more than 30% lower than last year (8.4% net profit margin). Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$0.28 (vs NT$0.053 in 1Q 2023) First quarter 2024 results: EPS: NT$0.28 (up from NT$0.053 in 1Q 2023). Revenue: NT$612.0m (up 14% from 1Q 2023). Net income: NT$47.5m (up 429% from 1Q 2023). Profit margin: 7.8% (up from 1.7% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Anuncio • May 02
Sonix Technology Co.,Ltd. to Report Q1, 2024 Results on May 07, 2024 Sonix Technology Co.,Ltd. announced that they will report Q1, 2024 results at 12:00 PM, Taipei Standard Time on May 07, 2024 Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: NT$1.11 (vs NT$3.45 in FY 2022) Full year 2023 results: EPS: NT$1.11 (down from NT$3.45 in FY 2022). Revenue: NT$2.61b (down 22% from FY 2022). Net income: NT$185.9m (down 68% from FY 2022). Profit margin: 7.1% (down from 17% 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 49% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$57.80, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 8.3% over the past three years. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.45 (vs NT$1.49 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.45 (down from NT$1.49 in 2Q 2022). Revenue: NT$663.0m (down 36% from 2Q 2022). Net income: NT$74.5m (down 70% from 2Q 2022). Profit margin: 11% (down from 24% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 12
Upcoming dividend of NT$2.50 per share at 5.0% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 10 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Reported Earnings • May 23
First quarter 2023 earnings released: EPS: NT$0.05 (vs NT$1.27 in 1Q 2022) First quarter 2023 results: EPS: NT$0.05 (down from NT$1.27 in 1Q 2022). Revenue: NT$538.4m (down 48% from 1Q 2022). Net income: NT$8.97m (down 96% from 1Q 2022). Profit margin: 1.7% (down from 21% in 1Q 2022). The decrease in margin was driven by lower revenue. 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 4% per year. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: NT$3.45 (vs NT$8.71 in FY 2021) Full year 2022 results: EPS: NT$3.45 (down from NT$8.71 in FY 2021). Revenue: NT$3.35b (down 43% from FY 2021). Net income: NT$578.6m (down 60% from FY 2021). Profit margin: 17% (down from 25% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 24
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be NT$69.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 35%. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.56 (vs NT$3.05 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.56 (down from NT$3.05 in 3Q 2021). Revenue: NT$744.5m (down 56% from 3Q 2021). Net income: NT$94.2m (down 82% from 3Q 2021). Profit margin: 13% (down from 30% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Chen Yong was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.56 (vs NT$3.05 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.56 (down from NT$3.05 in 3Q 2021). Revenue: NT$744.5m (down 56% from 3Q 2021). Net income: NT$94.2m (down 82% from 3Q 2021). Profit margin: 13% (down from 30% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be NT$55.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 47%. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$46.50, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 69% over the past three years. Buying Opportunity • Sep 28
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be NT$60.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 47%. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: NT$1.49 (vs NT$2.37 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.49 (down from NT$2.37 in 2Q 2021). Revenue: NT$1.03b (down 35% from 2Q 2021). Net income: NT$250.3m (down 37% from 2Q 2021). Profit margin: 24% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be NT$76.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 54%. Upcoming Dividend • Jul 14
Upcoming dividend of NT$7.00 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 18 August 2022. Payout ratio and cash payout ratio are on the higher end at 84% and 94% respectively. Trailing yield: 11%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (3.9%). Buying Opportunity • Jul 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be NT$78.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 54%. Anuncio • Jun 22
Sonix Technology Co.,Ltd. Approves Cash Dividend Sonix Technology Co.,Ltd. approved the distribution of a TWD 7 cash dividend per common share. Ex-rights (ex-dividend) trading date is July 21, 2022. Last date before book closure is July 22, 2022. Book closure starting date is July 23, 2022. Book closure ending date is July 27, 2022. Ex-rights (ex-dividend) record date is July 27, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Chen Yong was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • Feb 25
Sonix Technology Co.,Ltd., Annual General Meeting, Jun 21, 2022 Sonix Technology Co.,Ltd., Annual General Meeting, Jun 21, 2022. Location: 9F.,No.36,Taiyuan St.,Zhubei City,Hsinchu County 302,Taiwan(R.O.C) (Sonix's conference room) Hsinchu County Taiwan Agenda: To consider the business report of 2021; to consider the audit committee's review report on the 2021 financial statements; and to discuss other matters. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$8.71 (up from NT$6.11 in FY 2020). Revenue: NT$5.87b (up 9.2% from FY 2020). Net income: NT$1.46b (up 43% from FY 2020). Profit margin: 25% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.1%, compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$90.20, the stock trades at a trailing P/E ratio of 12.5x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 233% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$2.37 (vs NT$1.98 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.57b (up 5.6% from 2Q 2020). Net income: NT$397.9m (up 20% from 2Q 2020). Profit margin: 25% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year whereas the company’s share price has increased by 53% per year. Upcoming Dividend • Aug 04
Upcoming dividend of NT$5.70 per share Eligible shareholders must have bought the stock before 11 August 2021. Payment date: 02 September 2021. Trailing yield: 5.4%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$82.50, the stock trades at a trailing P/E ratio of 12x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 203% over the past three years. Reported Earnings • May 05
First quarter 2021 earnings released: EPS NT$1.60 (vs NT$0.86 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.39b (up 66% from 1Q 2020). Net income: NT$269.3m (up 87% from 1Q 2020). Profit margin: 19% (up from 17% in 1Q 2020). 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 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 16% share price gain to NT$98.70, the stock trades at a trailing P/E ratio of 16.2x, up from the previous P/E ratio of 14x. Average P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 203%. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue misses expectations Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 11%, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Anuncio • Feb 27
Sonix Technology Co.,Ltd., Annual General Meeting, Jun 16, 2021 Sonix Technology Co.,Ltd., Annual General Meeting, Jun 16, 2021. Location: Tai Yuen Hi-Tech Industrial Park Convention Center 2F, No. 26,Taiyuan Street Zhubei City Taiwan Agenda: To consider 2020 business report, Supervisors’review report on the 2020 Financial Statements, the distribution of Employees’, Directors’ and Supervisors’ remuneration of 2020; to consider adoption of the 2020 Business Report and Financial Statements; to consider adoption of the Proposal for Distribution of 2020 Profits; to discuss amendment to the Article of Incorporation; to discuss amendment to the Procedures for Election of Directors; to discuss amendment to the Procedures for Acquisition or Disposal Assets; to discuss amendment to the Procedures for Lending Funds to Other Parties; to discuss amendment to the Procedures for Endorsement and Guarantee; to elect the new Directors; and to discuss other matters. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS NT$6.11 (vs NT$2.03 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.37b (up 66% from FY 2019). Net income: NT$1.03b (up 200% from FY 2019). Profit margin: 19% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 15% share price gain to NT$79.90, the stock is trading at a trailing P/E ratio of 15.8x, up from the previous P/E ratio of 13.7x. This compares to an average P/E of 27x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 155%. Is New 90 Day High Low • Feb 17
New 90-day high: NT$76.30 The company is up 18% from its price of NT$64.90 on 19 November 2020. The Taiwanese market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 28% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: NT$76.20 The company is up 12% from its price of NT$68.10 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 41% over the same period. Is New 90 Day High Low • Dec 17
New 90-day low: NT$63.40 The company is down 12% from its price of NT$72.20 on 18 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 Semiconductor industry, which is up 17% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$1.73 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.53b (up 81% from 3Q 2019). Net income: NT$290.0m (up 224% from 3Q 2019). Profit margin: 19% (up from 11% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.02%. Over the next year, revenue is forecast to grow 26%, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 0.02%. Over the next year, revenue is forecast to grow 26%, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS NT$1.73 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.53b (up 81% from 3Q 2019). Net income: NT$290.0m (up 224% from 3Q 2019). Profit margin: 19% (up from 11% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.