New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$344m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Annonce • Feb 26
JMicron Technology Corp., Annual General Meeting, May 20, 2026 JMicron Technology Corp., Annual General Meeting, May 20, 2026. Location: 5-6 floor no,8, k`o yen rd., east district hsinchu science park, hsinchu city Taiwan New Risk • Jan 08
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 10% 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 Less than 1 year of cash runway based on free cash flow trend (-NT$344m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 36% per year over the past 5 years. New Risk • Apr 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 128% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.56b market cap, or US$47.8m). Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: NT$0.28 (vs NT$2.10 loss in FY 2023) Full year 2024 results: EPS: NT$0.28 (up from NT$2.10 loss in FY 2023). Revenue: NT$653.6m (down 14% from FY 2023). Net income: NT$17.8m (up NT$144.9m from FY 2023). Profit margin: 2.7% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year whereas the company’s share price has fallen by 46% per year. Buy Or Sell Opportunity • Apr 10
Now 22% overvalued Over the last 90 days, the stock has fallen 41% to NT$23.95. The fair value is estimated to be NT$19.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.6% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 7.6% 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 39% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.49b market cap, or US$45.1m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$22.65, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total loss to shareholders of 85% over the past three years. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.50b market cap, or US$75.8m). Annonce • Feb 11
JMicron Technology Corp., Annual General Meeting, May 22, 2025 JMicron Technology Corp., Annual General Meeting, May 22, 2025. Location: 5-6 floor no,8, k`o yen rd., east district hsinchu science park, hsinchu city Taiwan New Risk • Nov 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$99.8m) 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 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Market cap is less than US$100m (NT$3.19b market cap, or US$99.8m). New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.93b (US$89.8m) 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 39% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.6% increase in shares outstanding). Market cap is less than US$100m (NT$2.93b market cap, or US$89.8m). Reported Earnings • Mar 29
Full year 2023 earnings released: NT$2.09 loss per share (vs NT$2.35 loss in FY 2022) Full year 2023 results: NT$2.09 loss per share (improved from NT$2.35 loss in FY 2022). Revenue: NT$760.7m (down 2.4% from FY 2022). Net loss: NT$127.1m (loss narrowed 9.8% from FY 2022). 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. New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (8.0% increase in shares outstanding). Annonce • Feb 22
JMicron Technology Corp., Annual General Meeting, May 09, 2024 JMicron Technology Corp., Annual General Meeting, May 09, 2024. New Risk • Jan 31
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 7.1% 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 (7.1% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (8.0% increase in shares outstanding). New Risk • Nov 22
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 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings have declined by 22% per year over the past 5 years. Reported Earnings • Aug 07
First half 2023 earnings released: NT$3.12 loss per share (vs NT$1.24 profit in 1H 2022) First half 2023 results: NT$3.12 loss per share (down from NT$1.24 profit in 1H 2022). Revenue: NT$320.0m (down 37% from 1H 2022). Net loss: NT$188.5m (down 354% from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2022 earnings released: NT$2.35 loss per share (vs NT$3.04 profit in FY 2021) Full year 2022 results: NT$2.35 loss per share (down from NT$3.04 profit in FY 2021). Revenue: NT$779.1m (down 20% from FY 2021). Net loss: NT$141.0m (down 178% from profit in FY 2021). 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 49% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$101, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 235% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$65.40, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 11x in the Semiconductor industry in Taiwan. Total returns to shareholders of 191% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 19% share price gain to NT$82.20, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 252% over the past three years. 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. 9 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ming De Yu was the last independent director to join the board, commencing their role in 2013. 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 • Oct 19
Investor sentiment improved over the past week After last week's 26% share price gain to NT$75.80, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 213% over the past three years. Reported Earnings • Aug 15
First half 2022 earnings released: EPS: NT$1.29 (vs NT$0.55 in 1H 2021) First half 2022 results: EPS: NT$1.29 (up from NT$0.55 in 1H 2021). Revenue: NT$504.7m (up 15% from 1H 2021). Net income: NT$74.3m (up 136% from 1H 2021). Profit margin: 15% (up from 7.2% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$81.80, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 260% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$106, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 401% over the past three years. 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. 9 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ming De Yu was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Apr 10
JMicron Technology Corp., Annual General Meeting, Jun 27, 2022 JMicron Technology Corp., Annual General Meeting, Jun 27, 2022. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: NT$3.16 (vs NT$0.44 in FY 2020) Full year 2021 results: EPS: NT$3.16 (up from NT$0.44 in FY 2020). Revenue: NT$967.4m (up 43% from FY 2020). Net income: NT$180.1m (up NT$153.7m from FY 2020). Profit margin: 19% (up from 3.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year whereas the company’s share price has increased by 79% per year. Reported Earnings • Aug 13
First half 2021 earnings released: EPS NT$0.55 (vs NT$0.18 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NT$438.7m (up 51% from 1H 2020). Net income: NT$31.5m (up NT$40.1m from 1H 2020). Profit margin: 7.2% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 114% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS NT$0.44 (vs NT$1.26 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$677.2m (down 18% from FY 2019). Net income: NT$26.4m (down 56% from FY 2019). Profit margin: 3.9% (down from 7.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 18
New 90-day high: NT$93.00 The company is up 23% from its price of NT$75.90 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 35% over the same period. Is New 90 Day High Low • Dec 05
New 90-day high: NT$90.20 The company is up 109% from its price of NT$43.14 on 04 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: NT$56.60 The company is up 32% from its price of NT$43.00 on 14 August 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 13
New 90-day high: NT$53.60 The company is up 12% from its price of NT$48.00 on 15 July 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 20% over the same period. Upcoming Dividend • Sep 22
Upcoming Dividend of NT$3.00 Per Share Will be paid on the 12th of October to those who are registered shareholders by the 29th of September. The company last paid an ordinary dividend in August 2018. The average dividend yield among industry peers is 2.4%.