New Risk • Aug 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. 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 (9.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 06
Second quarter 2026 earnings released: EPS: NT$1.19 (vs NT$0.43 in 2Q 2025) Second quarter 2026 results: EPS: NT$1.19 (up from NT$0.43 in 2Q 2025). Revenue: NT$319.1m (up 25% from 2Q 2025). Net income: NT$75.8m (up 174% from 2Q 2025). Profit margin: 24% (up from 11% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$63.90, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 47x in the Semiconductor industry in Taiwan. Total returns to shareholders of 13% over the past three years. Board Change • Jul 01
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. 7 experienced directors. 1 highly experienced director. Independent Director John Lin was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Jun 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 49% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. 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 (9.6% average weekly change). Large one-off items impacting financial results. New Risk • Jun 08
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 9.4% 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 Earnings have declined by 29% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (91% payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change). Declared Dividend • May 30
Dividend reduced to NT$1.95 Dividend of NT$1.95 is 6.3% lower than last year. Ex-date: 15th June 2026 Payment date: 10th July 2026 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is well covered by cash flows (45% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share declined by 4.6% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range. Buy Or Sell Opportunity • May 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to NT$67.20. The fair value is estimated to be NT$54.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Earnings per share has declined by 14%. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: NT$1.00 (vs NT$0.41 in 1Q 2025) First quarter 2026 results: EPS: NT$1.00 (up from NT$0.41 in 1Q 2025). Revenue: NT$309.2m (up 23% from 1Q 2025). Net income: NT$75.6m (up 191% from 1Q 2025). Profit margin: 25% (up from 10% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% 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. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$58.10, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 43x in the Semiconductor industry in Taiwan. Total returns to shareholders of 4.8% over the past three years. New Risk • Apr 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 28% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (91% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.79b market cap, or US$87.4m). Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: NT$2.15 (vs NT$2.28 in FY 2024) Full year 2025 results: EPS: NT$2.15 (down from NT$2.28 in FY 2024). Revenue: NT$967.5m (up 1.2% from FY 2024). Net income: NT$136.7m (down 5.8% from FY 2024). Profit margin: 14% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Annonce • Mar 04
eGalax_eMPIA Technology Inc., Annual General Meeting, May 28, 2026 eGalax_eMPIA Technology Inc., Annual General Meeting, May 28, 2026, at 09:00 Taipei Standard Time. Location: 7 floor no,17 ln.91, sec.1 nei hu rd., neihu district, taipei city Taiwan Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$45.55, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 35x in the Semiconductor industry in Taiwan. Total loss to shareholders of 8.7% over the past three years. Buy Or Sell Opportunity • Jan 16
Now 20% overvalued Over the last 90 days, the stock has fallen 1.0% to NT$37.80. The fair value is estimated to be NT$31.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 52%. Buy Or Sell Opportunity • Dec 03
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at NT$38.30. The fair value is estimated to be NT$31.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 52%. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: NT$0.44 (vs NT$0.27 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.44 (up from NT$0.27 in 3Q 2024). Revenue: NT$212.0m (down 4.4% from 3Q 2024). Net income: NT$28.0m (up 63% from 3Q 2024). Profit margin: 13% (up from 7.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: NT$0.43 (vs NT$0.57 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.43 (down from NT$0.57 in 2Q 2024). Revenue: NT$255.2m (up 4.1% from 2Q 2024). Net income: NT$27.7m (down 24% from 2Q 2024). Profit margin: 11% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • May 30
Now 20% overvalued Over the last 90 days, the stock has fallen 3.5% to NT$40.85. The fair value is estimated to be NT$33.98, 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. Earnings per share has declined by 65%. Declared Dividend • May 29
Dividend increased to NT$2.08 Dividend of NT$2.08 is 131% higher than last year. Ex-date: 13th June 2025 Payment date: 11th July 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (59% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1.4% to bring the payout ratio under control. However, EPS has declined by 10% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.41 (vs NT$0.90 in 1Q 2024) First quarter 2025 results: EPS: NT$0.41 (down from NT$0.90 in 1Q 2024). Revenue: NT$251.2m (down 6.4% from 1Q 2024). Net income: NT$26.0m (down 55% from 1Q 2024). Profit margin: 10% (down from 21% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Annonce • Apr 30
eGalax_eMPIA Technology Inc. to Report Q1, 2025 Results on May 07, 2025 eGalax_eMPIA Technology Inc. announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$37.10, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 42% over the past three years. Annonce • Mar 03
eGalax_eMPIA Technology Inc., Annual General Meeting, May 27, 2025 eGalax_eMPIA Technology Inc., Annual General Meeting, May 27, 2025. Location: 7 floor no,17 ln.91, sec.1 nei hu rd., neihu district, taipei city Taiwan Annonce • Feb 20
eGalax_eMPIA Technology Inc. to Report Fiscal Year 2024 Results on Feb 27, 2025 eGalax_eMPIA Technology Inc. announced that they will report fiscal year 2024 results on Feb 27, 2025 Annonce • Oct 30
eGalax_eMPIA Technology Inc. to Report Q3, 2024 Results on Nov 06, 2024 eGalax_eMPIA Technology Inc. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.57 (vs NT$0.92 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.57 (down from NT$0.92 in 2Q 2023). Revenue: NT$245.1m (down 21% from 2Q 2023). Net income: NT$36.5m (down 38% from 2Q 2023). Profit margin: 15% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Annonce • Jul 31
eGalax_eMPIA Technology Inc. to Report Q2, 2024 Results on Aug 07, 2024 eGalax_eMPIA Technology Inc. announced that they will report Q2, 2024 results on Aug 07, 2024 New Risk • Jul 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.24b (US$99.4m) 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 Earnings have declined by 1.5% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (114% payout ratio). Profit margins are more than 30% lower than last year (4.7% net profit margin). Market cap is less than US$100m (NT$3.24b market cap, or US$99.4m). Declared Dividend • Jun 08
Dividend reduced to NT$0.90 Dividend of NT$0.90 is 81% lower than last year. Ex-date: 25th June 2024 Payment date: 22nd July 2024 Dividend yield will be 1.7%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (114% earnings payout ratio). However, it is well covered by cash flows (21% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control. However, EPS has declined by 25% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: NT$268.4m (down 22% from 1Q 2023). Net income: NT$57.1m (down 17% from 1Q 2023). Profit margin: 21% (up from 20% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Apr 28
eGalax_eMPIA Technology Inc. to Report Q1, 2024 Results on May 06, 2024 eGalax_eMPIA Technology Inc. announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 06, 2024 New Risk • Apr 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.21b (US$98.9m) 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 Profit margins are more than 30% lower than last year (5.4% net profit margin). Market cap is less than US$100m (NT$3.21b market cap, or US$98.9m). Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: NT$0.97 (vs NT$5.12 in FY 2022) Full year 2023 results: EPS: NT$0.97 (down from NT$5.12 in FY 2022). Revenue: NT$1.14b (down 20% from FY 2022). Net income: NT$61.5m (down 81% from FY 2022). Profit margin: 5.4% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annonce • Feb 28
eGalax_eMPIA Technology Inc., Annual General Meeting, May 29, 2024 eGalax_eMPIA Technology Inc., Annual General Meeting, May 29, 2024. Location: 7F., No.17, Lane91, Section1 Nei Hu Rd. Nei Hu District 7F, Conference Room, Chu Pao Building Taipei City Taiwan Agenda: To consider 2023 business report; to consider audit committee review report on the 2023 financial statements; to consider distribution of 2023 employee bonus and directors remuneration; to consider 2023 earnings distribution of cash dividends report; to accept of 2023 business report and financial statements; to approve the proposal for 2023 earnings distribution; to release the prohibition on directors from participation in competitive business; to elect 9th-term directors and independent directors; and to consider other issues. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$0.92 (vs NT$1.47 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.92 (down from NT$1.47 in 2Q 2022). Revenue: NT$310.0m (down 24% from 2Q 2022). Net income: NT$58.5m (down 38% from 2Q 2022). Profit margin: 19% (down from 23% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Jun 29
Upcoming dividend of NT$4.70 per share at 7.0% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 02 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Reported Earnings • May 20
Full year 2022 earnings released: EPS: NT$5.12 (vs NT$5.85 in FY 2021) Full year 2022 results: EPS: NT$5.12 (down from NT$5.85 in FY 2021). Revenue: NT$1.42b (down 12% from FY 2021). Net income: NT$326.1m (down 12% from FY 2021). Profit margin: 23% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Su Yang was the last independent director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$0.84 (vs NT$1.79 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.84 (down from NT$1.79 in 3Q 2021). Revenue: NT$275.6m (down 40% from 3Q 2021). Net income: NT$53.6m (down 53% from 3Q 2021). Profit margin: 20% (down from 25% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: NT$1.52 (vs NT$1.96 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.52 (down from NT$1.96 in 2Q 2021). Revenue: NT$405.2m (down 12% from 2Q 2021). Net income: NT$93.6m (down 25% from 2Q 2021). Profit margin: 23% (down from 27% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 21
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.7%). Reported Earnings • May 05
First quarter 2022 earnings released: EPS: NT$2.22 (vs NT$1.13 in 1Q 2021) First quarter 2022 results: EPS: NT$2.22 (up from NT$1.13 in 1Q 2021). Revenue: NT$478.5m (up 43% from 1Q 2021). Net income: NT$135.7m (up 96% from 1Q 2021). Profit margin: 28% (up from 21% 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 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Su Yang was the last independent director to join the board, commencing their role in 2006. 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 • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$6.08 (up from NT$3.77 in FY 2020). Revenue: NT$1.62b (up 32% from FY 2020). Net income: NT$372.5m (up 61% from FY 2020). Profit margin: 23% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 18% share price gain to NT$84.80, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 127% over the past three years. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS NT$1.86 (vs NT$0.93 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$459.3m (up 45% from 3Q 2020). Net income: NT$113.7m (up 100% from 3Q 2020). Profit margin: 25% (up from 18% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 15% share price gain to NT$97.30, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 136% over the past three years. Upcoming Dividend • Aug 19
Upcoming dividend of NT$3.15 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 29 September 2021. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.2%). Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$2.10 (vs NT$1.27 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$458.7m (up 39% from 2Q 2020). Net income: NT$125.0m (up 66% from 2Q 2020). Profit margin: 27% (up from 23% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$89.50, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 17% share price gain to NT$87.30, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 101% over the past three years. Reported Earnings • May 04
First quarter 2021 earnings released: EPS NT$1.17 (vs NT$1.08 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$335.7m (up 16% from 1Q 2020). Net income: NT$69.4m (up 8.6% from 1Q 2020). Profit margin: 21% (down from 22% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 21% share price gain to NT$79.00, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 76% over the past three years. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS NT$3.88 (vs NT$3.29 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.22b (up 6.7% from FY 2019). Net income: NT$230.7m (up 18% from FY 2019). Profit margin: 19% (up from 17% 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 3% per year and the company’s share price has also increased by 3% per year. Is New 90 Day High Low • Feb 20
New 90-day high: NT$61.50 The company is up 12% from its price of NT$54.90 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 34% over the same period. Annonce • Jan 20
eGalax_eMPIA Technology Inc., Annual General Meeting, May 28, 2021 eGalax_eMPIA Technology Inc., Annual General Meeting, May 28, 2021. Is New 90 Day High Low • Dec 09
New 90-day high: NT$58.20 The company is up 6.0% from its price of NT$55.10 on 10 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 25% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS NT$0.96 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: NT$316.3m (up 8.2% from 3Q 2019). Net income: NT$56.8m (up 2.6% from 3Q 2019). Profit margin: 18% (down from 19% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Is New 90 Day High Low • Sep 25
New 90-day low: NT$51.80 The company is down 16% from its price of NT$61.80 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 23% over the same period. 
