Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: NT$3.00 (vs NT$0.46 in 1Q 2025) First quarter 2026 results: EPS: NT$3.00 (up from NT$0.46 in 1Q 2025). Revenue: NT$904.4m (up 99% from 1Q 2025). Net income: NT$317.5m (up NT$275.2m from 1Q 2025). Profit margin: 35% (up from 9.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 205% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 08
Price target increased by 12% to NT$1,360 Up from NT$1,219, the current price target is an average from 8 analysts. New target price is 33% below last closing price of NT$2,040. Stock is up 865% over the past year. The company is forecast to post earnings per share of NT$14.34 for next year compared to NT$4.66 last year. Price Target Changed • Mar 18
Price target increased by 10% to NT$1,166 Up from NT$1,059, the current price target is an average from 8 analysts. New target price is 19% below last closing price of NT$1,440. Stock is up 369% over the past year. The company is forecast to post earnings per share of NT$14.34 for next year compared to NT$4.66 last year. Annonce • Jan 29
LandMark Optoelectronics Corporation, Annual General Meeting, May 27, 2026 LandMark Optoelectronics Corporation, Annual General Meeting, May 27, 2026. Location: 1 floor no,22, nan k`o 3rd rd., sinshih district, tainan city Taiwan Reported Earnings • Jan 29
Full year 2025 earnings released: EPS: NT$4.66 (vs NT$0.59 loss in FY 2024) Full year 2025 results: EPS: NT$4.66 (up from NT$0.59 loss in FY 2024). Revenue: NT$2.20b (up 82% from FY 2024). Net income: NT$428.4m (up NT$482.9m from FY 2024). Profit margin: 19% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Semiconductor industry in Taiwan. 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 98% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 20
Price target increased by 13% to NT$535 Up from NT$472, the current price target is an average from 7 analysts. New target price is 24% below last closing price of NT$708. Stock is up 41% over the past year. The company is forecast to post earnings per share of NT$4.23 next year compared to a net loss per share of NT$0.59 last year. Price Target Changed • Nov 04
Price target increased by 9.5% to NT$457 Up from NT$417, the current price target is an average from 6 analysts. New target price is 14% above last closing price of NT$401. Stock is up 10% over the past year. The company is forecast to post earnings per share of NT$4.29 next year compared to a net loss per share of NT$0.59 last year. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: NT$1.08 (vs NT$0.087 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.08 (up from NT$0.087 in 3Q 2024). Revenue: NT$552.8m (up 71% from 3Q 2024). Net income: NT$99.0m (up NT$91.0m from 3Q 2024). Profit margin: 18% (up from 2.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 67% per year, which means it is well ahead of earnings. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: NT$1.05 (vs NT$0.34 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$1.05 (up from NT$0.34 loss in 2Q 2024). Revenue: NT$553.1m (up 103% from 2Q 2024). Net income: NT$96.8m (up NT$127.5m from 2Q 2024). Profit margin: 18% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Price Target Changed • Jul 17
Price target increased by 7.0% to NT$330 Up from NT$309, the current price target is an average from 6 analysts. New target price is 7.7% below last closing price of NT$358. Stock is up 125% over the past year. The company is forecast to post earnings per share of NT$4.78 next year compared to a net loss per share of NT$0.59 last year. Upcoming Dividend • Jul 07
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 14 July 2025. Payment date: 15 August 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.2%). Declared Dividend • May 31
Dividend of NT$0.50 announced Shareholders will receive a dividend of NT$0.50. Ex-date: 14th July 2025 Payment date: 15th August 2025 Dividend yield will be 0.2%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 165%. Cash payout ratio: 11%. Reported Earnings • May 04
First quarter 2025 earnings released: EPS: NT$0.46 (vs NT$0.44 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.46 (up from NT$0.44 loss in 1Q 2024). Revenue: NT$454.5m (up 40% from 1Q 2024). Net income: NT$42.3m (up NT$82.3m from 1Q 2024). Profit margin: 9.3% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Price Target Changed • May 02
Price target decreased by 12% to NT$400 Down from NT$454, the current price target is an average from 6 analysts. New target price is 44% above last closing price of NT$278. Stock is up 110% over the past year. The company is forecast to post earnings per share of NT$6.36 next year compared to a net loss per share of NT$0.59 last year. Annonce • Apr 23
LandMark Optoelectronics Corporation to Report Q1, 2025 Results on Apr 30, 2025 LandMark Optoelectronics Corporation announced that they will report Q1, 2025 results on Apr 30, 2025 Price Target Changed • Apr 08
Price target decreased by 9.8% to NT$454 Down from NT$504, the current price target is an average from 6 analysts. New target price is 94% above last closing price of NT$235. Stock is up 71% over the past year. The company is forecast to post earnings per share of NT$6.79 next year compared to a net loss per share of NT$0.59 last year. Buy Or Sell Opportunity • Mar 14
Now 24% overvalued Over the last 90 days, the stock has fallen 13% to NT$310. The fair value is estimated to be NT$250, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Feb 03
Price target increased by 12% to NT$406 Up from NT$364, the current price target is an average from 5 analysts. New target price is 23% below last closing price of NT$529. Stock is up 302% over the past year. The company is forecast to post earnings per share of NT$6.77 next year compared to a net loss per share of NT$0.59 last year. Reported Earnings • Jan 24
Full year 2024 earnings released: NT$0.59 loss per share (vs NT$2.31 loss in FY 2023) Full year 2024 results: NT$0.59 loss per share (improved from NT$2.31 loss in FY 2023). Revenue: NT$1.21b (up 14% from FY 2023). Net loss: NT$54.5m (loss narrowed 74% from FY 2023). Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Annonce • Jan 24
LandMark Optoelectronics Corporation, Annual General Meeting, May 28, 2025 LandMark Optoelectronics Corporation, Annual General Meeting, May 28, 2025. Location: 1 floor no,22, nan k`o 3rd rd., sinshih district, tainan city Taiwan Annonce • Jan 23
LandMark Optoelectronics Corporation Appoints Chun-Chi, Lin as Member of the Remuneration Committee LandMark Optoelectronics Corporation appointed one member of the Remuneration Committee. Name of the new position holder: Chun-chi, Lin. Resume of the new position holder: Chairman, TEMIC Co. Ltd. Director, TAIFLEX Scientific Co.,Ltd; Independent Director, M31 Technology Corporation; Independent Director, Scientech Corporation; Independent Director, Silicon Optronics Inc. Effective date of the new member of January 22, 2025. Annonce • Jan 15
LandMark Optoelectronics Corporation to Report Fiscal Year 2024 Results on Jan 22, 2025 LandMark Optoelectronics Corporation announced that they will report fiscal year 2024 results on Jan 22, 2025 Reported Earnings • Nov 04
Third quarter 2024 earnings released: EPS: NT$0.09 (vs NT$1.20 loss in 3Q 2023) Third quarter 2024 results: EPS: NT$0.09 (up from NT$1.20 loss in 3Q 2023). Revenue: NT$323.0m (up 80% from 3Q 2023). Net income: NT$7.99m (up NT$117.6m from 3Q 2023). Profit margin: 2.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 24
Price target increased by 137% to NT$263 Up from NT$111, the current price target is an average from 5 analysts. New target price is 24% below last closing price of NT$345. Stock is up 259% over the past year. The company is forecast to post a net loss per share of NT$0.49 next year compared to a net loss per share of NT$2.31 last year. Annonce • Oct 16
LandMark Optoelectronics Corporation to Report Q3, 2024 Results on Oct 23, 2024 LandMark Optoelectronics Corporation announced that they will report Q3, 2024 results on Oct 23, 2024 New Risk • Aug 30
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 9.6% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 15
Now 20% overvalued Over the last 90 days, the stock has fallen 8.6% to NT$117. The fair value is estimated to be NT$97.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Aug 02
Price target increased by 8.1% to NT$121 Up from NT$112, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$125. Stock is up 19% over the past year. The company is forecast to post a net loss per share of NT$0.76 next year compared to a net loss per share of NT$2.31 last year. Annonce • Jul 24
LandMark Optoelectronics Corporation to Report Q2, 2024 Results on Jul 31, 2024 LandMark Optoelectronics Corporation announced that they will report Q2, 2024 results on Jul 31, 2024 Upcoming Dividend • Jul 15
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 22 July 2024. Payment date: 23 August 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (1.9%). Declared Dividend • May 31
Dividend reduced to NT$0.50 Dividend of NT$0.50 is 86% lower than last year. Ex-date: 22nd July 2024 Payment date: 23rd August 2024 Dividend yield will be 0.4%, which is lower than the industry average of 3.0%. Annonce • May 30
LandMark Optoelectronics Corporation Announces the Cash Dividend, Payable on August 23, 2024 LandMark Optoelectronics Corporation announced the cash dividend of TWD 45,903,838, which equivalent to TWD 0.5 per share. Ex-rights (Ex-dividend) date is July 22, 2024. Ex-rights (Ex-dividend) record date is July 28, 2024. Payment date of cash dividend distribution is August 23, 2024. Reported Earnings • Apr 27
First quarter 2024 earnings released: NT$0.44 loss per share (vs NT$0.33 loss in 1Q 2023) First quarter 2024 results: NT$0.44 loss per share (further deteriorated from NT$0.33 loss in 1Q 2023). Revenue: NT$324.0m (down 1.1% from 1Q 2023). Net loss: NT$40.0m (loss widened 33% from 1Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. New Risk • Apr 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 8.5% 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. This is currently the only risk that has been identified for the company. Annonce • Apr 19
LandMark Optoelectronics Corporation to Report Q1, 2024 Results on Apr 24, 2024 LandMark Optoelectronics Corporation announced that they will report Q1, 2024 results on Apr 24, 2024 Reported Earnings • Feb 28
Full year 2023 earnings released: NT$2.31 loss per share (vs NT$3.61 profit in FY 2022) Full year 2023 results: NT$2.31 loss per share (down from NT$3.61 profit in FY 2022). Revenue: NT$1.06b (down 56% from FY 2022). Net loss: NT$211.5m (down 164% from profit in FY 2022). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. New Risk • Feb 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 5.4% 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. Paying a dividend despite being loss-making. Cash payout ratio: 132% Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Annonce • Feb 01
LandMark Optoelectronics Corporation, Annual General Meeting, May 29, 2024 LandMark Optoelectronics Corporation, Annual General Meeting, May 29, 2024. Location: Southern Taiwan Science Park Bureau Building First Floor Auditorium Hall No. 22, Nanke 3rd Rd., Xinshi Dist Tainan City Taiwan Agenda: To consider the Company's 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider the Company's cash distribution from capital surplus; and to consider 2023 individual Directors compensation. Price Target Changed • Oct 26
Price target decreased by 7.1% to NT$107 Down from NT$115, the current price target is an average from 6 analysts. New target price is 11% above last closing price of NT$96.10. Stock is down 12% over the past year. The company is forecast to post a net loss per share of NT$0.96 compared to earnings per share of NT$3.61 last year. New Risk • Oct 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 Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 214% Cash payout ratio: 95% Price Target Changed • Aug 01
Price target increased by 8.5% to NT$122 Up from NT$112, the current price target is an average from 6 analysts. New target price is 14% above last closing price of NT$107. Stock is down 23% over the past year. The company is forecast to post a net loss per share of NT$0.70 compared to earnings per share of NT$3.61 last year. Reported Earnings • Jul 28
Second quarter 2023 earnings released: NT$0.45 loss per share (vs NT$0.98 profit in 2Q 2022) Second quarter 2023 results: NT$0.45 loss per share (down from NT$0.98 profit in 2Q 2022). Revenue: NT$252.8m (down 58% from 2Q 2022). Net loss: NT$40.9m (down 146% from profit in 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 18
Upcoming dividend of NT$3.50 per share at 3.1% yield Eligible shareholders must have bought the stock before 25 July 2023. Payment date: 25 August 2023. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). In line with average of industry peers (3.1%). Price Target Changed • Apr 28
Price target decreased by 10% to NT$120 Down from NT$134, the current price target is an average from 5 analysts. New target price is 19% above last closing price of NT$101. Stock is down 28% over the past year. The company posted earnings per share of NT$3.61 last year. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$106, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 16x in the Semiconductor industry in Taiwan. Total loss to shareholders of 60% over the past three years. Price Target Changed • Apr 14
Price target decreased by 9.9% to NT$134 Down from NT$149, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of NT$130. Stock is down 14% over the past year. The company posted earnings per share of NT$3.61 last year. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$131, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 15x in the Semiconductor industry in Taiwan. Total loss to shareholders of 46% over the past three years. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: NT$3.61 (vs NT$3.71 in FY 2021) Full year 2022 results: EPS: NT$3.61 (down from NT$3.71 in FY 2021). Revenue: NT$2.38b (up 27% from FY 2021). Net income: NT$329.5m (down 2.4% from FY 2021). Profit margin: 14% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 22% per year. Annonce • Feb 02
LandMark Optoelectronics Corporation, Annual General Meeting, May 31, 2023 LandMark Optoelectronics Corporation, Annual General Meeting, May 31, 2023. Location: Southern Taiwan Science Park Bureau Building First Floor Auditorium Hall No. 22, Nanke 3rd Rd., Xinshi Dist. Tainan City Taiwan Agenda: To consider Company's 2022 Business Report; to consider Company's 2022 Business Report; to consider Company's 2022 employees' profit sharing bonus and Directors' compensation; to consider Company's 2022 earnings distribution and to consider Company's cash distribution from capital surplus and to consider the other matter. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 16% share price gain to NT$118, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total loss to shareholders of 50% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chang Chen Yong was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: NT$1.13 (vs NT$0.35 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.13 (up from NT$0.35 in 3Q 2021). Revenue: NT$661.1m (up 73% from 3Q 2021). Net income: NT$103.0m (up 224% from 3Q 2021). Profit margin: 16% (up from 8.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$109, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total loss to shareholders of 55% over the past three years. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: NT$0.98 (vs NT$1.16 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.98 (down from NT$1.16 in 2Q 2021). Revenue: NT$600.8m (up 11% from 2Q 2021). Net income: NT$89.5m (down 15% from 2Q 2021). Profit margin: 15% (down from 20% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 16% per year. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 23% share price gain to NT$119, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total loss to shareholders of 55% over the past three years. Upcoming Dividend • Jul 18
Upcoming dividend of NT$3.50 per share Eligible shareholders must have bought the stock before 25 July 2022. Payment date: 25 August 2022. The company is paying out more than 100% of its profits and is paying out 93% of its cash flow. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (3.7%). Price Target Changed • Jun 19
Price target decreased to NT$178 Down from NT$195, the current price target is provided by 1 analyst. New target price is 39% above last closing price of NT$128. Stock is down 51% over the past year. The company posted earnings per share of NT$3.71 last year. Annonce • May 27
LandMark Optoelectronics Corporation Announces Cash Dividend, Payable on August 25, 2022 LandMark Optoelectronics Corporation announced cash dividend of TWD 274,107,531, which equivalent to TWD 3 per share with Ex-rights (Ex-dividend) date as July 25, 2022, Ex-rights (Ex-dividend) record date as July 31, 2022 and Payment date of cash dividend distribution as August 25, 2022. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: NT$0.22 (vs NT$2.13 in 1Q 2021) First quarter 2022 results: EPS: NT$0.22 (down from NT$2.13 in 1Q 2021). Revenue: NT$450.6m (down 25% from 1Q 2021). Net income: NT$19.7m (down 90% from 1Q 2021). Profit margin: 4.4% (down from 32% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 28
Price target decreased to NT$224 Down from NT$244, the current price target is provided by 1 analyst. New target price is 55% above last closing price of NT$144. Stock is down 42% over the past year. The company posted earnings per share of NT$3.71 last year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chang Chen Yong was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$150, the stock trades at a trailing P/E ratio of 40.6x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total loss to shareholders of 45% over the past three years. Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$3.71 (down from NT$6.51 in FY 2020). Revenue: NT$1.87b (down 19% from FY 2020). Net income: NT$337.5m (down 43% from FY 2020). Profit margin: 18% (down from 26% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS NT$0.35 (vs NT$1.94 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$382.1m (down 37% from 3Q 2020). Net income: NT$31.8m (down 82% from 3Q 2020). Profit margin: 8.3% (down from 29% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Price Target Changed • Oct 28
Price target decreased to NT$254 Down from NT$282, the current price target is provided by 1 analyst. New target price is 36% above last closing price of NT$187. Stock is down 29% over the past year. The company posted earnings per share of NT$6.50 last year. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$189, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 18x in the Semiconductor industry in Taiwan. Total loss to shareholders of 18% over the past three years. Upcoming Dividend • Aug 09
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 16 August 2021. Payment date: 03 September 2021. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (2.1%). Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS NT$1.16 (vs NT$0.98 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$540.0m (up 1.3% from 2Q 2020). Net income: NT$105.1m (up 19% from 2Q 2020). Profit margin: 20% (up from 17% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Price Target Changed • Jul 30
Price target decreased to NT$297 Down from NT$322, the current price target is provided by 1 analyst. New target price is 25% above last closing price of NT$239. Stock is down 9.1% over the past year. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS NT$2.13 (vs NT$1.08 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$604.0m (up 24% from 1Q 2020). Net income: NT$193.8m (up 98% from 1Q 2020). Profit margin: 32% (up from 20% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annonce • Feb 04
LandMark Optoelectronics Corporation, Annual General Meeting, May 26, 2021 LandMark Optoelectronics Corporation, Annual General Meeting, May 26, 2021. Location: Southern Taiwan Science Park, B104 Conference Room No. 12, Nanke 2nd Rd., Xinshi Dist. Tainan City Taiwan Agenda: To consider the 2020 business report; to consider the 2020 Audit Committee's review report; to consider the 2020 employees' profit sharing bonus and Directors' compensation; to consider the other matters. Reported Earnings • Feb 04
Full year 2020 earnings released: EPS NT$6.50 (vs NT$4.97 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.31b (up 8.1% from FY 2019). Net income: NT$590.7m (up 31% from FY 2019). Profit margin: 26% (up from 21% in FY 2019). The increase in margin was driven by higher revenue. 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 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 06
New 90-day high: NT$307 The company is up 26% from its price of NT$244 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: NT$295 The company is up 23% from its price of NT$240 on 04 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: NT$284 The company is up 8.0% from its price of NT$264 on 19 August 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 11% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$1.94 The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: NT$602.7m (flat on 3Q 2019). Net income: NT$176.4m (up 26% from 3Q 2019). Profit margin: 29% (up from 23% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of NT$468.8m, down 16% from the prior year. Total revenue was NT$2.14b over the last 12 months, down 6.5% from the prior year.