Reported Earnings • May 12
First quarter 2026 earnings released: EPS: NT$3.84 (vs NT$2.99 in 1Q 2025) First quarter 2026 results: EPS: NT$3.84 (up from NT$2.99 in 1Q 2025). Revenue: NT$2.34b (up 9.0% from 1Q 2025). Net income: NT$298.8m (up 29% from 1Q 2025). Profit margin: 13% (up from 11% 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 6% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 09
Final dividend of NT$9.00 announced Shareholders will receive a dividend of NT$9.00. Ex-date: 29th June 2026 Payment date: 17th July 2026 Dividend yield will be 4.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$236, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 185% over the past three years. Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: NT$13.37 (vs NT$17.10 in FY 2024) Full year 2025 results: EPS: NT$13.37 (down from NT$17.10 in FY 2024). Revenue: NT$8.92b (down 14% from FY 2024). Net income: NT$1.04b (down 19% from FY 2024). Profit margin: 12% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 02
Nova Technology Corporation, Annual General Meeting, May 26, 2026 Nova Technology Corporation, Annual General Meeting, May 26, 2026. Location: 1 floor no,88, chuang ching 1st rd., jhubei city, hsinchu county Taiwan Upcoming Dividend • Jan 05
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 12 January 2026. Payment date: 30 January 2026. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (5.4%). Higher than average of industry peers (2.4%). Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$5.16 (vs NT$6.07 in 3Q 2024) Third quarter 2025 results: EPS: NT$5.16 (down from NT$6.07 in 3Q 2024). Revenue: NT$2.04b (down 26% from 3Q 2024). Net income: NT$401.5m (down 11% from 3Q 2024). Profit margin: 20% (up from 17% 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 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: NT$1.99 (vs NT$2.03 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.99. Revenue: NT$2.04b (down 14% from 2Q 2024). Net income: NT$154.8m (up 2.2% from 2Q 2024). Profit margin: 7.6% (up from 6.4% in 2Q 2024). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$186, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 211% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of NT$9.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 7.4%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.9%). Annonce • May 21
Nova Technology Corporation Approves Board Appointments Nova Technology Corp. at its 2025 Annual General Shareholders' Meeting held on May 20, 2025. The newly elected Directors and Independent Directors are as follows: Director: Representative of ACTER CO., LTD: Jung-Tang Yang, Director: Representative of ACTER CO., LTD: Wei Ma, Independent Director: Mei-Li Hus, Independent Director: Chyan Yang, Independent Director: Hui-Hsin Yeh, Independent Director: Feng-Di Lung. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$2.99 (vs NT$3.28 in 1Q 2024) First quarter 2025 results: EPS: NT$2.99 (down from NT$3.28 in 1Q 2024). Revenue: NT$2.15b (down 4.3% from 1Q 2024). Net income: NT$232.0m (down 4.8% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 08
Final dividend of NT$9.00 announced Shareholders will receive a dividend of NT$9.00. Ex-date: 27th June 2025 Payment date: 18th July 2025 Dividend yield will be 6.9%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 19% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 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$154, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 129% over the past three years. New Risk • Apr 07
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 7.9% 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 Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: NT$17.10 (vs NT$14.95 in FY 2023) Full year 2024 results: EPS: NT$17.10 (up from NT$14.95 in FY 2023). Revenue: NT$10.4b (up 14% from FY 2023). Net income: NT$1.28b (up 23% from FY 2023). Profit margin: 12% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 18
Nova Technology Corporation to Report Fiscal Year 2024 Results on Feb 25, 2025 Nova Technology Corporation announced that they will report fiscal year 2024 results on Feb 25, 2025 Upcoming Dividend • Feb 14
Upcoming dividend of NT$2.90 per share Eligible shareholders must have bought the stock before 21 February 2025. Payment date: 14 March 2025. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (2.3%). New Risk • Feb 04
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 6.2% 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: 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 (6.2% average weekly change). Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$241, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 278% over the past three years. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: NT$6.07 (vs NT$3.53 in 3Q 2023) Third quarter 2024 results: EPS: NT$6.07 (up from NT$3.53 in 3Q 2023). Revenue: NT$2.75b (up 14% from 3Q 2023). Net income: NT$453.0m (up 83% from 3Q 2023). Profit margin: 17% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Nov 06
Nova Technology Corporation Declares Dividend for the First Half of 2024, Payable on March 14, 2025 Nova Technology Corporation declared dividend of TWD 3.00 per share for the first half ended June 30, 2024. Ex-rights (Ex-dividend) date is February 21, 2025, Ex-rights (Ex-dividend) record date is March 1, 2025. Payment date of cash dividend distribution is March 14, 2025. Total amount of cash dividends to shareholders is TWD 225,759,063. Annonce • Oct 29
Nova Technology Corporation to Report Q3, 2024 Results on Nov 05, 2024 Nova Technology Corporation announced that they will report Q3, 2024 results at 9:00 AM, Taipei Standard Time on Nov 05, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: NT$2.03 (vs NT$5.18 in 2Q 2023) Second quarter 2024 results: EPS: NT$2.03 (down from NT$5.18 in 2Q 2023). Revenue: NT$2.37b (down 4.4% from 2Q 2023). Net income: NT$151.5m (down 57% from 2Q 2023). Profit margin: 6.4% (down from 14% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 27% per year. Annonce • Jul 30
Nova Technology Corporation to Report Q2, 2024 Results on Aug 06, 2024 Nova Technology Corporation announced that they will report Q2, 2024 results on Aug 06, 2024 Buy Or Sell Opportunity • Jul 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to NT$196. The fair value is estimated to be NT$160, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 32%. Buy Or Sell Opportunity • Jun 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.6% to NT$194. The fair value is estimated to be NT$161, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 32%. Annonce • May 25
Nova Technology Corporation Announces Dismissal of Bi-Hui Wu as Nomination Committee Member Nova Technology Corporation announced dismissal of Bi-Hui Wu as Nomination Committee member. Effective date is May 24, 2024. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$3.28 (vs NT$1.55 in 1Q 2023) First quarter 2024 results: EPS: NT$3.28 (up from NT$1.55 in 1Q 2023). Revenue: NT$2.25b (up 43% from 1Q 2023). Net income: NT$243.6m (up 132% from 1Q 2023). Profit margin: 11% (up from 6.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 09
Final dividend of NT$7.00 announced Shareholders will receive a dividend of NT$7.00. Ex-date: 27th June 2024 Payment date: 19th July 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 08
Nova Technology Corporation Announces Dividends for the Second Half of 2024, Payable on July 19, 2024 Nova Technology Corporation announced Cash dividends of TWD 518,738,850 for the second half of 2024. Ex-rights (Ex-dividend) date: June 27, 2024. Ex-rights (Ex-dividend) record date: July 05, 2024. Payment date of cash dividend distribution: July 19, 2024. Annonce • May 01
Nova Technology Corporation to Report Q1, 2024 Results on May 07, 2024 Nova Technology Corporation announced that they will report Q1, 2024 results on May 07, 2024 Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$227, the stock trades at a trailing P/E ratio of 16x. Average forward P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 306% over the past three years. Buy Or Sell Opportunity • Mar 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to NT$182. The fair value is estimated to be NT$151, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 32%. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: NT$14.95 (vs NT$11.74 in FY 2022) Full year 2023 results: EPS: NT$14.95 (up from NT$11.74 in FY 2022). Revenue: NT$9.14b (up 6.4% from FY 2022). Net income: NT$1.04b (up 31% from FY 2022). Profit margin: 11% (up from 9.3% 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 32% per year whereas the company’s share price has increased by 31% per year. Upcoming Dividend • Jan 02
Upcoming dividend of NT$3.43 per share at 7.1% yield Eligible shareholders must have bought the stock before 08 January 2024. Payment date: 26 January 2024. Payout ratio is on the higher end at 78%, and the cash payout ratio is above 100%. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (3.1%). New Risk • Nov 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Dividend is not well covered by cash flows (346% cash payout ratio). Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: NT$3.52 (vs NT$3.89 in 3Q 2022) Third quarter 2023 results: EPS: NT$3.52 (down from NT$3.89 in 3Q 2022). Revenue: NT$2.41b (down 4.6% from 3Q 2022). Net income: NT$247.9m (down 6.0% from 3Q 2022). Profit margin: 10% (in line with 3Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Annonce • Nov 08
Nova Technology Corporation Announces the Dividend Distribution for the First Half of 2023, Payable on January 26, 2024 Nova Technology Corporation announced cash dividends for the first half of 2023 of TWD 252,394,552. Period which dividends belong to: January 1, 2023 to .June 30, 2023. Appropriations of earnings in cash dividends to shareholders (TWD per share): TWD 3.5 per share. Total amount of cash dividends to shareholders: TWD 252,394,552. Ex-rights (Ex-dividend) date: January 8, 2024. Ex-rights (Ex-dividend) record date: January 14, 2024. Payment date of cash dividend distribution: January 26, 2024. New Risk • Aug 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Dividend is not well covered by cash flows (119% cash payout ratio). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$5.18 (vs NT$2.71 in 2Q 2022) Second quarter 2023 results: EPS: NT$5.18 (up from NT$2.71 in 2Q 2022). Revenue: NT$2.48b (up 33% from 2Q 2022). Net income: NT$351.6m (up 91% from 2Q 2022). Profit margin: 14% (up from 9.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of NT$6.49 per share at 7.8% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 20 July 2023. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 7.8%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.0%). Annonce • Jun 11
Nova Technology Corporation Announces the Adjustment of Cash Dividend Payout Ratio for the Second Half of 2022 Nova Technology Corporation announced the adjustment of cash dividend payout ratio for the second half of 2022. Type and monetary amount of original dividend distribution: Cash dividend is TWD 441,064,000, TWD 6.5 per share. Type and monetary amount of dividend distribution after the change: Cash dividend is TWD 441,064,000, TWD 6.49300148 per share. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: NT$11.74 (vs NT$8.37 in FY 2021) Full year 2022 results: EPS: NT$11.74 (up from NT$8.37 in FY 2021). Revenue: NT$8.59b (up 37% from FY 2021). Net income: NT$796.6m (up 40% from FY 2021). Profit margin: 9.3% (up from 9.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 23
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 17 February 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 6.6%. Lower than top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.4%). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director Hui Yin Chiu was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 07
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: NT$2.53b (up 53% from 3Q 2021). Net income: NT$263.6m (up 95% from 3Q 2021). Profit margin: 10% (up from 8.2% in 3Q 2021). The increase in margin was driven by higher revenue. Annonce • Nov 02
Nova Technology Corp. Announces Cash Dividend, Payable on 17 February 2023 The board of directors of Nova Technology Corp. announced the cash dividend of TWD 135,712,000. Ex-rights (Ex-dividend) date: 30 January 2023; Ex-rights (Ex-dividend) record date: 05 February 2023 and Payment date of cash dividend distribution: 17 February 2023. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$5.43 (vs NT$4.43 in 2Q 2021) Second quarter 2022 results: EPS: NT$5.43 (up from NT$4.43 in 2Q 2021). Revenue: NT$1.86b (up 13% from 2Q 2021). Net income: NT$184.2m (up 23% from 2Q 2021). Profit margin: 9.9% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 23
Upcoming dividend of NT$12.00 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (6.4%). Higher than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 94% share price gain to NT$163, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 14x in the Machinery industry in Taiwan. Total returns to shareholders of 127% over the past three years. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director Hui Yin Chiu was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • May 04
Nova Technology Corp. Announces Cash Dividends, Payable on July 20, 2022 Nova Technology Corp. announced Cash dividends of TWD 407,136,000. Ex-rights (Ex-dividend) date is June 30, 2022. Ex-rights (Ex-dividend) record date is July 06, 2022. Payment date of cash dividend distribution is July 20, 2022. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: NT$5.17 (vs NT$1.91 in 1Q 2021) First quarter 2022 results: EPS: NT$5.17 (up from NT$1.91 in 1Q 2021). Revenue: NT$1.68b (up 114% from 1Q 2021). Net income: NT$175.5m (up 171% from 1Q 2021). Profit margin: 11% (up from 8.2% in 1Q 2021). The increase in margin was driven by higher 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 2% per year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Hui Yin Chiu was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$16.75 (up from NT$12.01 in FY 2020). Revenue: NT$6.26b (up 61% from FY 2020). Net income: NT$568.3m (up 40% from FY 2020). Profit margin: 9.1% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 30%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Hui Yin Chiu was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS NT$4.43 (vs NT$4.30 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: NT$1.65b (up 45% from 2Q 2020). Net income: NT$150.3m (up 3.1% from 2Q 2020). Profit margin: 9.1% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% 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. Upcoming Dividend • Jun 21
Upcoming dividend of NT$8.00 per share Eligible shareholders must have bought the stock before 28 June 2021. Payment date: 16 July 2021. Trailing yield: 5.7%. Within top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.6%). Annonce • May 26
Nova Technology Corp. Announces Cash Dividend, Payable on July 16, 2021 Nova Technology Corp. announced a cash dividend of TWD 271,424,000. Ex-rights (Ex-dividend) date is June 28, 2021. Ex-rights (Ex-dividend) record date is July 4, 2021. Payment date of cash dividend distribution is on July 16, 2021. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$1.91 (vs NT$2.71 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$785.8m (down 17% from 1Q 2020). Net income: NT$64.7m (down 30% from 1Q 2020). Profit margin: 8.2% (down from 9.8% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS NT$12.01 (vs NT$14.65 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$3.88b (down 12% from FY 2019). Net income: NT$407.4m (down 18% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. Annonce • Feb 23
Nova Technology Corp., Annual General Meeting, May 25, 2021 Nova Technology Corp., Annual General Meeting, May 25, 2021. Location: 2F,No.76, Sec.2, Jiafeng S. Rd Zhubei City Hsinchu County Taiwan Agenda: To consider Adoption of the 2020 Business Report and Financial Statements; to Adoption of the Proposal for Distribution of 2020 Profits; to Discussion on the proposal to amend Articles of Incorporation; to Discussion on the proposal to amend Rules of Procedure for Shareholder Meetings; to Discussion on the proposal to amend Procedure for Acquisition or Disposal of Assets; and to consider other matter. Annonce • Dec 12
Nova Technology Corp. (GTSM:6613) agree to acquire less than 51.99% stake in Rayzher Industrial Co., Ltd. for approximately TWD 390 million. Nova Technology Corp. (GTSM:6613) agree to acquire less than 51.99% stake in Rayzher Industrial Co., Ltd. for approximately TWD 390 million on December 10, 2020. Under the terms, Nova Technology agreed to acquire less than 11.625 million shares representing 55.36% stake in Rayzher at the price per share between TWD 33 to TWD 36 with cumulative consideration less than TWD 393 million. On December 10, 2020, Board of Directors of Nova Technology resolved this transaction. The actual transaction object, amount and number of shares will be announced by a supplementary announcement when the transfer is completed in first quarter of 2021. Analyst Estimate Surprise Post Earnings • Nov 10
Revenue misses expectations Revenue missed analyst estimates by 30%. Reported Earnings • Nov 10
Third quarter 2020 earnings released: EPS NT$2.63 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$887.4m (down 17% from 3Q 2019). Net income: NT$89.0m (down 43% from 3Q 2019). Profit margin: 10.0% (down from 15% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 15
New 90-day low: NT$136 The company is down 4.0% from its price of NT$142 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 29
New 90-day low: NT$137 The company is down 5.0% from its price of NT$144 on 01 July 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 5.0% over the same period.