Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$32.15, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 21x in the Tech industry in Taiwan. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$44.00, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 22x in the Tech industry in Taiwan. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$52.00, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$50.60, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 23x in the Tech industry in Taiwan. Total returns to shareholders of 153% over the past three years. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.064 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.064 in 1Q 2025). Revenue: NT$434.6m (down 13% from 1Q 2025). Net income: NT$263.1m (up NT$251.8m from 1Q 2025). Profit margin: 61% (up from 2.3% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Anuncio • Apr 14
Biostar and Netio Technologies Showcase Edge AI Solutions At Japan IT Week Spring Biostar participated with Netio Technologies, a Taiwan-based IPC solution provider, at Japan IT Week Spring 2026, taking place from April 8 to April 10 at Tokyo Big Sight, Japan. Visitors can find Biostar and Netio at West Hall 3, 4F, Booth W20-22, where both companies will showcase their latest innovations in industrial edge computing, connectivity, and on-site AI processing solutions designed for modern industrial environments. Biostar is showcasing its EdgeComp MU-N150 platform, integrated with Netio’s 10BASE-T1L Single-Pair Ethernet technology, to enable long-distance industrial communication with simplified cabling. Supporting communication distances of up to 1 kilometer, the solution transmits both data and power through a single cable, reducing wiring complexity and improving deployment efficiency for distributed edge devices. The combined solution is well-suited for industrial IoT environments where reliable long-distance connectivity is essential. At the heart of the showcase are the EdgeComp MS-NANX and MS-NANO, leveraging the NVIDIA Jetson platform. Powered by the Jetson Orin NX and Orin Nano modules respectively, these compact, high-performance edge computers are specifically engineered to handle complex AI workloads directly at the edge. Designed for ultimate reliability in industrial environments, they provide the robust computing power required for real-time data processing, significantly reducing latency and bandwidth usage. Furthermore, Biostar is also showcasing the BIW88-AHS motherboard, integrated into a robust 4U AI workstation designed for on-site AI computing. The system enables real-time data processing at the edge, reducing reliance on cloud-based infrastructure and allowing for significantly faster response times. By bringing AI capabilities closer to the data source, it supports applications that require immediate analysis and efficient decision-making in industrial and commercial environments. To illustrate these capabilities, the booth features a live demonstration of the workstation powering an advanced Knowledge Management (KM) and intelligent online customer service system. This on-premise AI application streamlines complex corporate tasks, including ISO document management, rapid information retrieval, and internal audit support, delivering highly secure and automated operations directly at the edge. Through its collaboration with Netio Technologies, Biostar is presenting integrated edge computing solutions that combine platform hardware with advanced connectivity technologies. This joint showcase highlights a practical approach to supporting industrial applications that require reliable communication and localized data processing. Visitors can explore these solutions at the booth, demonstrating Biostar’s continued focus on industrial edge and AI computing development. Biostar invites industry professionals, partners, and innovators to visit its booth at Japan IT Week Spring 2026 at Tokyo Big Sight from April 8 to April 10 at West Hall 3, 4F, Booth W20-22, and discover how its edge computing and AI technologies support modern industrial applications. New Risk • Mar 23
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 11% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (24% accrual ratio). Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$0.15 (vs NT$0.037 in FY 2024) Full year 2025 results: EPS: NT$0.15 (up from NT$0.037 in FY 2024). Revenue: NT$1.73b (down 14% from FY 2024). Net income: NT$26.2m (up 295% from FY 2024). Profit margin: 1.5% (up from 0.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Anuncio • Mar 10
Biostar Microtech International Corp., Annual General Meeting, Jun 17, 2026 Biostar Microtech International Corp., Annual General Meeting, Jun 17, 2026. Location: 1 floor no,205, sec.3 pei hsin rd., sindian district, new taipei city Taiwan Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.14 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.17 (up from NT$0.14 loss in 3Q 2024). Revenue: NT$464.8m (down 5.4% from 3Q 2024). Net income: NT$30.3m (up NT$55.7m from 3Q 2024). Profit margin: 6.5% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • Oct 30
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 6.8% 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 Earnings have declined by 55% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.34 loss per share (vs NT$0.049 profit in 2Q 2024) Second quarter 2025 results: NT$0.34 loss per share (down from NT$0.049 profit in 2Q 2024). Revenue: NT$452.4m (down 14% from 2Q 2024). Net loss: NT$60.5m (down NT$69.3m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.06 (vs NT$0.19 in 1Q 2024) First quarter 2025 results: EPS: NT$0.06 (down from NT$0.19 in 1Q 2024). Revenue: NT$498.4m (down 21% from 1Q 2024). Net income: NT$11.4m (down 66% from 1Q 2024). Profit margin: 2.3% (down from 5.3% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • May 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to NT$20.15. The fair value is estimated to be NT$25.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Meanwhile, the company has become profitable. Anuncio • Apr 29
Biostar Microtech International Corp. to Report Q1, 2025 Results on May 06, 2025 Biostar Microtech International Corp. announced that they will report Q1, 2025 results on May 06, 2025 New Risk • Apr 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.09b (US$93.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$3.09b market cap, or US$93.5m). New Risk • Apr 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 1,198% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Mar 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to NT$21.80. The fair value is estimated to be NT$27.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$0.04 (vs NT$0.64 loss in FY 2023) Full year 2024 results: EPS: NT$0.04 (up from NT$0.64 loss in FY 2023). Revenue: NT$2.02b (down 14% from FY 2023). Net income: NT$6.62m (up NT$120.0m from FY 2023). Profit margin: 0.3% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Anuncio • Mar 14
Biostar Microtech International Corp., Annual General Meeting, Jun 20, 2025 Biostar Microtech International Corp., Annual General Meeting, Jun 20, 2025. Location: 1 floor no,205, sec.3 pei hsin rd., sindian district, new taipei city Taiwan New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 15% per year over the past 5 years. New Risk • Aug 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: NT$0.05 (vs NT$0.10 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.05 (down from NT$0.10 in 2Q 2023). Revenue: NT$527.5m (down 2.5% from 2Q 2023). Net income: NT$8.79m (down 53% from 2Q 2023). Profit margin: 1.7% (down from 3.4% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Anuncio • Jul 31
Biostar Microtech International Corp. to Report Q2, 2024 Results on Aug 07, 2024 Biostar Microtech International Corp. announced that they will report Q2, 2024 results on Aug 07, 2024 Anuncio • Jun 19
Biostar Microtech International Corp. Approves Board Appointments Biostar Microtech International Corp. announced that at its Annual General Shareholders' Meeting held on June 18, 2024, The list of persons elected as below: Newly-elected directors: Ming-Yi Wang, Ming-Cheng Wang, Wen-Shone Shiau, Tsung-Hui Tsai. Newly-elected independent directors: Wen-Hsiung Chan, Pao-Chin Chuang, Chiao-Yu Chou. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.19 (vs NT$0.15 in 1Q 2023) First quarter 2024 results: EPS: NT$0.19 (up from NT$0.15 in 1Q 2023). Revenue: NT$628.1m (down 9.0% from 1Q 2023). Net income: NT$33.1m (up 26% from 1Q 2023). Profit margin: 5.3% (up from 3.8% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Anuncio • Apr 28
Biostar Microtech International Corp. to Report Q1, 2024 Results on May 03, 2024 Biostar Microtech International Corp. announced that they will report Q1, 2024 results on May 03, 2024 Reported Earnings • Mar 22
Full year 2023 earnings released: NT$0.64 loss per share (vs NT$0.072 profit in FY 2022) Full year 2023 results: NT$0.64 loss per share (down from NT$0.072 profit in FY 2022). Revenue: NT$2.34b (up 4.8% from FY 2022). Net loss: NT$113.4m (down NT$126.2m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Anuncio • Mar 02
Biostar Microtech International Corp., Annual General Meeting, Jun 18, 2024 Biostar Microtech International Corp., Annual General Meeting, Jun 18, 2024. Location: 1F, No.205, Section 3, Beixin Rd., Xindian District New Taipei City Taiwan Agenda: To approve 2023 Business Report; to approve Audit Committee’s Review Report; to approve Business Report and Financial Statement for the year 2023; to approve ratification of the Fiscal 2023 Deficit Compensation Proposal; to approve propose the issuance plan of private placement for common shares; to approve Election of the Company’s Directors; and to approve release the prohibition on directors from participation in competitive business. New Risk • Feb 29
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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: NT$0.10 (vs NT$0.077 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.10 (up from NT$0.077 loss in 2Q 2022). Revenue: NT$540.8m (up 9.8% from 2Q 2022). Net income: NT$18.6m (up NT$32.4m from 2Q 2022). Profit margin: 3.4% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: NT$0.07 (vs NT$2.03 in FY 2021) Full year 2022 results: EPS: NT$0.07 (down from NT$2.03 in FY 2021). Revenue: NT$2.24b (down 19% from FY 2021). Net income: NT$12.9m (down 96% from FY 2021). Profit margin: 0.6% (down from 13% 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 41% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.18 (vs NT$0.33 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.18 (down from NT$0.33 in 3Q 2021). Revenue: NT$545.6m (down 20% from 3Q 2021). Net income: NT$31.8m (down 46% from 3Q 2021). Profit margin: 5.8% (down from 8.6% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.18 (vs NT$0.33 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.18 (down from NT$0.33 in 3Q 2021). Revenue: NT$545.6m (down 20% from 3Q 2021). Net income: NT$31.8m (down 46% from 3Q 2021). Profit margin: 5.8% (down from 8.6% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$11.60, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 12x in the Tech industry in Taiwan. Total returns to shareholders of 20% over the past three years. Buying Opportunity • Aug 18
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be NT$20.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Aug 11
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (6.6%). In line with average of industry peers (7.3%). Buying Opportunity • Jul 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be NT$20.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 19% share price gain to NT$16.60, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total returns to shareholders of 41% over the past three years. Buying Opportunity • Jun 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be NT$20.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 19
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$0.21 (down from NT$0.39 in 1Q 2021). Revenue: NT$690.8m (up 16% from 1Q 2021). Net income: NT$37.9m (down 45% from 1Q 2021). Profit margin: 5.5% (down from 12% in 1Q 2021). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 75%. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$2.03 (up from NT$0.78 in FY 2020). Revenue: NT$2.77b (up 32% from FY 2020). Net income: NT$361.7m (up 161% from FY 2020). Profit margin: 13% (up from 6.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 75%. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 18% share price gain to NT$27.00, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 181% over the past three years. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.48 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$679.9m (down 1.0% from 3Q 2020). Net income: NT$58.5m (down 32% from 3Q 2020). Profit margin: 8.6% (down from 13% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 16% share price gain to NT$21.60, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$21.00, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 61% over the past three years. Upcoming Dividend • Aug 10
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 17 September 2021. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (5.2%). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 17% share price gain to NT$28.90, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total returns to shareholders of 70% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.39 (vs NT$0.18 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$595.5m (up 43% from 1Q 2020). Net income: NT$68.8m (up NT$100.2m from 1Q 2020). Profit margin: 12% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 24% share price decline to NT$21.75, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 15x in the Tech industry in Taiwan. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$30.65, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 18x in the Tech industry in Taiwan. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 20% share price gain to NT$33.50, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 17x in the Tech industry in Taiwan. Total returns to shareholders of 54% over the past three years. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$0.78 (vs NT$0.042 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$2.10b (down 7.7% from FY 2019). Net income: NT$138.4m (up NT$131.0m from FY 2019). Profit margin: 6.6% (up from 0.3% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 17% share price gain to NT$19.90, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 16x in the Tech industry in Taiwan. Total loss to shareholders of 17% over the past three years. Is New 90 Day High Low • Mar 16
New 90-day high: NT$19.00 The company is up 15% from a price of NT$16.55 on 16 December 2020. Performed similarly to the Taiwanese market which is up 15% over the last 90 days. Exceeded the Tech industry, which is up 13% over the same period. 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$18.50, the stock is trading at a trailing P/E ratio of 15.9x, up from the previous P/E ratio of 13.8x. This compares to an average P/E of 15x in the Tech industry in Taiwan. Total returns to shareholders over the past three years are 16%. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improved over the past week After last week's 15% share price gain to NT$15.65, the stock is trading at a trailing P/E ratio of 13.5x, up from the previous P/E ratio of 11.7x. This compares to an average P/E of 15x in the Tech industry in Taiwan. Total return to shareholders over the past three years is a loss of 4.1%. Is New 90 Day High Low • Jan 20
New 90-day low: NT$13.65 The company is down 9.0% from its price of NT$14.95 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 17% share price gain to NT$18.70, the stock is trading at a trailing P/E ratio of 16.1x, up from the previous P/E ratio of 13.8x. This compares to an average P/E of 14x in the Tech industry in Taiwan. Total returns to shareholders over the past three years are 38%. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS NT$0.49 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$686.9m (up 19% from 3Q 2019). Net income: NT$86.4m (up NT$75.7m from 3Q 2019). Profit margin: 13% (up from 1.9% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 13
New 90-day high: NT$17.30 The company is up 82% from its price of NT$9.49 on 14 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is down 5.0% over the same period. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 16% share price gain to NT$17.05, the stock is trading at a trailing P/E ratio of 29.7x, up from the previous P/E ratio of 25.6x. This compares to an average P/E of 16x in the Tech industry in Taiwan. Total returns to shareholders over the past three years are 50%. Is New 90 Day High Low • Oct 28
New 90-day high: NT$15.50 The company is up 58% from its price of NT$9.78 on 30 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is flat over the same period. Valuation Update With 7 Day Price Move • Oct 22
Market bids up stock over the past week After last week's 19% share price gain to NT$14.95, the stock is trading at a trailing P/E ratio of 26x, up from the previous P/E ratio of 21.8x. This compares to an average P/E of 16x in the Tech industry in Taiwan. Total returns to shareholders over the past three years are 13%. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 16% share price gain to NT$13.00, the stock is trading at a trailing P/E ratio of 22.6x, up from the previous P/E ratio of 19.6x. This compares to an average P/E of 16x in the Tech industry in Taiwan. Total return to shareholders over the past three years is a loss of 1.9%. Is New 90 Day High Low • Oct 13
New 90-day high: NT$12.40 The company is up 24% from its price of NT$10.00 on 15 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 Tech industry, which is down 1.0% over the same period. Is New 90 Day High Low • Sep 21
New 90-day high: NT$12.35 The company is up 26% from its price of NT$9.82 on 23 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 3.0% over the same period.