Valuation Update With 7 Day Price Move • 1h
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$71.00, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 35x in the Communications industry in Taiwan. Total returns to shareholders of 68% over the past three years. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$0.60 (vs NT$0.051 in 1Q 2025) First quarter 2026 results: EPS: NT$0.60 (up from NT$0.051 in 1Q 2025). Revenue: NT$123.8m (up 40% from 1Q 2025). Net income: NT$34.0m (up NT$31.1m from 1Q 2025). Profit margin: 27% (up from 3.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: NT$3.45 (vs NT$3.69 in FY 2024) Full year 2025 results: EPS: NT$3.45 (down from NT$3.69 in FY 2024). Revenue: NT$677.7m (up 4.3% from FY 2024). Net income: NT$195.6m (down 6.4% from FY 2024). Profit margin: 29% (down from 32% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year. Anuncio • Mar 12
Loop Telecommunication International, Inc., Annual General Meeting, Jun 26, 2026 Loop Telecommunication International, Inc., Annual General Meeting, Jun 26, 2026. Location: no,2, chan yeh 1st rd., hsinchu science park, hsinchu city Taiwan New Risk • Feb 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.07b (US$97.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 159% Cash payout ratio: 255% Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (23% net profit margin). Market cap is less than US$100m (NT$3.07b market cap, or US$97.7m). Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$56.90, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 165% over the past three years. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$75.00, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 267% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$63.20, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 192% over the past three years. New Risk • Nov 28
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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 159% Cash payout ratio: 255% Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (23% net profit margin). Market cap is less than US$100m (NT$2.90b market cap, or US$92.5m). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$51.20, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 23x in the Communications industry in Taiwan. Total returns to shareholders of 100% over the past three years. Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$1.18 (vs NT$1.55 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.18 (down from NT$1.55 in 3Q 2024). Revenue: NT$170.5m (down 32% from 3Q 2024). Net income: NT$66.9m (down 24% from 3Q 2024). Profit margin: 39% (up from 35% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 24
Upcoming dividend of NT$3.30 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 26 September 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.7%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 16
Second quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.62 profit in 2Q 2024) Second quarter 2025 results: NT$0.05 loss per share (down from NT$0.62 profit in 2Q 2024). Revenue: NT$90.8m (down 24% from 2Q 2024). Net loss: NT$2.85m (down 108% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 24% per year. Declared Dividend • Aug 09
Dividend increased to NT$3.30 Dividend of NT$3.30 is 3.1% higher than last year. Ex-date: 28th August 2025 Payment date: 26th September 2025 Dividend yield will be 6.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio) nor is it covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control, which is more than the 17% EPS growth achieved over the last 5 years. Reported Earnings • May 19
First quarter 2025 earnings released: EPS: NT$0.05 (vs NT$0.63 in 1Q 2024) First quarter 2025 results: EPS: NT$0.05 (down from NT$0.63 in 1Q 2024). Revenue: NT$88.1m (down 23% from 1Q 2024). Net income: NT$2.87m (down 92% from 1Q 2024). Profit margin: 3.3% (down from 31% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Anuncio • May 06
Loop Telecommunication International,Inc. to Report Q1, 2025 Results on May 13, 2025 Loop Telecommunication International,Inc. announced that they will report Q1, 2025 results on May 13, 2025 Buy Or Sell Opportunity • Apr 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 38% to NT$43.85. The fair value is estimated to be NT$55.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 45%. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$48.70, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 22x in the Communications industry in Taiwan. Total returns to shareholders of 118% over the past three years. New Risk • Mar 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.27b (US$98.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (NT$3.27b market cap, or US$98.3m). Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$3.68 (vs NT$3.00 in FY 2023) Full year 2024 results: EPS: NT$3.68 (up from NT$3.00 in FY 2023). Revenue: NT$650.0m (flat on FY 2023). Net income: NT$209.1m (up 4.7% from FY 2023). Profit margin: 32% (up from 31% in FY 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Anuncio • Mar 06
Loop Telecommunication International,Inc. to Report Q4, 2024 Results on Mar 13, 2025 Loop Telecommunication International,Inc. announced that they will report Q4, 2024 results on Mar 13, 2025 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$88.00, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 33x in the Communications industry in Taiwan. Total returns to shareholders of 269% over the past three years. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$1.55 (vs NT$0.60 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.55 (up from NT$0.60 in 3Q 2023). Revenue: NT$251.1m (up 112% from 3Q 2023). Net income: NT$87.7m (up 160% from 3Q 2023). Profit margin: 35% (up from 28% in 3Q 2023). 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 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 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$78.20, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 25x in the Communications industry in Taiwan. Total returns to shareholders of 260% over the past three years. New Risk • Sep 09
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 7.8% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 116% Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.61 (vs NT$0.56 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.61 (up from NT$0.56 in 2Q 2023). Revenue: NT$119.2m (down 7.7% from 2Q 2023). Net income: NT$35.0m (up 9.0% from 2Q 2023). Profit margin: 29% (up from 25% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 11
Dividend of NT$3.20 announced Shareholders will receive a dividend of NT$3.20. Ex-date: 27th August 2024 Payment date: 20th September 2024 Dividend yield will be 8.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio). However, it is covered by cash flows (87% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control, which is less than the 110% EPS growth achieved over the last 5 years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$52.10, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 25x in the Communications industry in Taiwan. Total returns to shareholders of 141% over the past three years. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$96.5m) 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 Dividend is not well covered by earnings (111% payout ratio). Market cap is less than US$100m (NT$3.15b market cap, or US$96.5m). Anuncio • Aug 01
Loop Telecommunication International,Inc. to Report Q2, 2024 Results on Aug 09, 2024 Loop Telecommunication International,Inc. announced that they will report Q2, 2024 results on Aug 09, 2024 Buy Or Sell Opportunity • Jul 01
Now 19% undervalued Over the last 90 days, the stock has risen 4.7% to NT$75.30. The fair value is estimated to be NT$92.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 51%. Buy Or Sell Opportunity • Jun 25
Now 22% undervalued Over the last 90 days, the stock has risen 2.1% to NT$72.50. The fair value is estimated to be NT$93.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 51%. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$79.30, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 30x in the Communications industry in Taiwan. Total returns to shareholders of 188% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.63 (vs NT$0.76 in 1Q 2023) First quarter 2024 results: EPS: NT$0.63 (down from NT$0.76 in 1Q 2023). Revenue: NT$113.9m (down 25% from 1Q 2023). Net income: NT$35.6m (down 17% from 1Q 2023). Profit margin: 31% (up from 28% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Anuncio • May 05
Loop Telecommunication International,Inc. to Report Q1, 2024 Results on May 13, 2024 Loop Telecommunication International,Inc. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$3.00 (vs NT$1.19 in FY 2022) Full year 2023 results: EPS: NT$3.00 (up from NT$1.19 in FY 2022). Revenue: NT$649.1m (up 48% from FY 2022). Net income: NT$199.7m (up 196% from FY 2022). Profit margin: 31% (up from 15% in FY 2022). The increase in margin was driven by higher 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 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$66.20, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$66.20, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 29x in the Communications industry in Taiwan. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$57.20, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 26x in the Communications industry in Taiwan. Total returns to shareholders of 41% over the past three years. Buying Opportunity • Dec 12
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 8.2%. The fair value is estimated to be NT$65.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Earnings per share has grown by 26%. Upcoming Dividend • Nov 23
Upcoming dividend of NT$2.00 per share at 6.5% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 11 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 6.5%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.3%). New Risk • Nov 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 185% Paying a dividend despite having no free cash flows. High level of non-cash earnings (33% accrual ratio). Upcoming Dividend • Aug 21
Upcoming dividend of NT$1.00 per share at 6.8% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 6.8%. Within top quartile of Taiwanese dividend payers (5.6%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.45 (vs NT$0.35 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.45 (up from NT$0.35 in 2Q 2022). Revenue: NT$129.2m (up 10.0% from 2Q 2022). Net income: NT$32.1m (up 29% from 2Q 2022). Profit margin: 25% (up from 21% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$50.00, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 21x in the Communications industry in Taiwan. Total returns to shareholders of 177% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$32.80, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$33.90, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$28.25, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 18x in the Communications industry in Taiwan. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 27% share price gain to NT$26.45, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improved over the past week After last week's 16% share price gain to NT$23.15, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 19x in the Communications industry in Taiwan. Total returns to shareholders of 13% over the past three years. Upcoming Dividend • Aug 30
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (2.8%). Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.35 (vs NT$0.016 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.35 (up from NT$0.016 loss in 2Q 2021). Revenue: NT$117.4m (up 19% from 2Q 2021). Net income: NT$24.9m (up NT$26.0m from 2Q 2021). Profit margin: 21% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.29 (vs NT$0.19 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.29 (up from NT$0.19 loss in 1Q 2021). Revenue: NT$124.8m (up 2.5% from 1Q 2021). Net income: NT$20.6m (up NT$34.3m from 1Q 2021). Profit margin: 17% (up from net loss in 1Q 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$0.47 (vs NT$1.11 in FY 2020) Full year 2021 results: EPS: NT$0.47 (down from NT$1.11 in FY 2020). Revenue: NT$515.5m (down 14% from FY 2020). Net income: NT$33.0m (down 58% from FY 2020). Profit margin: 6.4% (down from 13% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 15
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 22 November 2021. Payment date: 10 December 2021. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 22% share price gain to NT$24.00, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 18% over the past three years. Reported Earnings • Aug 12
Second quarter 2021 earnings released: NT$0.02 loss per share (vs NT$0.14 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: NT$98.7m (up 1.9% from 2Q 2020). Net loss: NT$1.12m (loss narrowed 89% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
First quarter 2021 earnings released: NT$0.19 loss per share (vs NT$0.38 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: NT$121.8m (down 17% from 1Q 2020). Net loss: NT$13.8m (down 151% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$23.45, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 20x in the Communications industry in Taiwan. Total returns to shareholders of 42% over the past three years. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$1.11 (vs NT$0.70 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$598.1m (up 9.7% from FY 2019). Net income: NT$78.6m (up 59% from FY 2019). Profit margin: 13% (up from 9.1% 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 71% 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 • Mar 10
Investor sentiment improved over the past week After last week's 24% share price gain to NT$33.50, the stock is trading at a trailing P/E ratio of 30.6x, up from the previous P/E ratio of 24.6x. This compares to an average P/E of 23x in the Communications industry in Taiwan. Total returns to shareholders over the past three years are 95%. Is New 90 Day High Low • Feb 25
New 90-day low: NT$28.00 The company is down 4.0% from its price of NT$29.15 on 27 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$33.65, the stock is trading at a trailing P/E ratio of 30.8x, down from the previous P/E ratio of 36.5x. This compares to an average P/E of 21x in the Communications industry in Taiwan. Total returns to shareholders over the past three years are 67%. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 23% share price gain to NT$43.25, the stock is trading at a trailing P/E ratio of 39.6x, up from the previous P/E ratio of 32.1x. This compares to an average P/E of 23x in the Communications industry in Taiwan. Total returns to shareholders over the past three years are 152%. Is New 90 Day High Low • Dec 07
New 90-day high: NT$35.95 The company is up 81% from its price of NT$19.85 on 08 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Nov 30
Market bids up stock over the past week After last week's 22% share price gain to NT$32.05, the stock is trading at a trailing P/E ratio of 29.3x, up from the previous P/E ratio of 24x. This compares to an average P/E of 24x in the Communications industry in Taiwan. Total returns to shareholders over the past three years are 72%. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 17% share price gain to NT$23.10, the stock is trading at a trailing P/E ratio of 21.3x, up from the previous P/E ratio of 18.2x. This compares to an average P/E of 22x in the Communications industry in Taiwan. Total returns to shareholders over the past three years are 20%. Is New 90 Day High Low • Nov 18
New 90-day high: NT$21.00 The company is up 17% from its price of NT$18.00 on 20 August 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 6.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.53 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$159.3m (up 31% from 3Q 2019). Net income: NT$37.5m (up NT$31.4m from 3Q 2019). Profit margin: 24% (up from 5.0% 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 78% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 29
New 90-day low: NT$17.95 The company is down 9.0% from its price of NT$19.65 on 31 July 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is flat over the same period.