Reported Earnings • May 12
First quarter 2026 earnings released: EPS: NT$0.12 (vs NT$0.17 in 1Q 2025) First quarter 2026 results: EPS: NT$0.12 (down from NT$0.17 in 1Q 2025). Revenue: NT$761.5m (down 4.0% from 1Q 2025). Net income: NT$44.6m (down 32% from 1Q 2025). Profit margin: 5.9% (down from 8.3% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 50% 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. Annonce • May 02
Motech Industries Inc. to Report Q1, 2026 Results on May 07, 2026 Motech Industries Inc. announced that they will report Q1, 2026 results on May 07, 2026 New Risk • Mar 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 46% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Mar 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 7.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$0.14 (vs NT$0.61 in FY 2024) Full year 2025 results: EPS: NT$0.14 (down from NT$0.61 in FY 2024). Revenue: NT$3.06b (down 5.1% from FY 2024). Net income: NT$55.1m (down 77% from FY 2024). Profit margin: 1.8% (down from 7.3% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annonce • Mar 06
Motech Industries Inc., Annual General Meeting, Jun 17, 2026 Motech Industries Inc., Annual General Meeting, Jun 17, 2026. Location: 1 floor no,18, ta shun 9th rd., sinshih district, tainan city Taiwan Annonce • Feb 26
Motech Industries Inc. to Report Fiscal Year 2025 Results on Mar 05, 2026 Motech Industries Inc. announced that they will report fiscal year 2025 results at 9:00 AM, Taipei Standard Time on Mar 05, 2026 Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$26.95, the stock trades at a trailing P/E ratio of 73.7x. Average trailing P/E is 33x in the Semiconductor industry in Taiwan. Total loss to shareholders of 2.9% over the past three years. New Risk • Feb 03
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 8.9% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$23.15, the stock trades at a trailing P/E ratio of 63.3x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total loss to shareholders of 15% over the past three years. New Risk • Dec 18
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 6.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$20.40, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total loss to shareholders of 24% over the past three years. Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.065 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.09 (up from NT$0.065 in 3Q 2024). Revenue: NT$793.2m (up 11% from 3Q 2024). Net income: NT$36.4m (up 46% from 3Q 2024). Profit margin: 4.6% (up from 3.5% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annonce • Oct 30
Motech Industries Inc. to Report Q3, 2025 Results on Nov 06, 2025 Motech Industries Inc. announced that they will report Q3, 2025 results on Nov 06, 2025 Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: NT$0.01 (vs NT$0.13 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.01 (down from NT$0.13 in 2Q 2024). Revenue: NT$667.9m (down 16% from 2Q 2024). Net income: NT$5.18m (down 90% from 2Q 2024). Profit margin: 0.8% (down from 6.4% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. Annonce • Aug 01
Motech Industries Inc. to Report Q2, 2025 Results on Aug 07, 2025 Motech Industries Inc. announced that they will report Q2, 2025 results on Aug 07, 2025 Declared Dividend • Jul 10
Dividend increased to NT$0.36 Dividend of NT$0.36 is 13% higher than last year. Ex-date: 23rd July 2025 Payment date: 18th August 2025 Dividend yield will be 2.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (79% 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 16% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 56% 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 • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$22.05, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total loss to shareholders of 20% over the past three years. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.33 in 1Q 2024) First quarter 2025 results: EPS: NT$0.17 (down from NT$0.33 in 1Q 2024). Revenue: NT$793.4m (down 10% from 1Q 2024). Net income: NT$66.0m (down 48% from 1Q 2024). Profit margin: 8.3% (down from 14% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. Annonce • Apr 30
Motech Industries Inc. to Report Q1, 2025 Results on May 08, 2025 Motech Industries Inc. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Apr 09
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$17.20, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 45% over the past three years. 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 6.5% 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 Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. New Risk • Mar 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: NT$0.61 (vs NT$0.56 in FY 2023) Full year 2024 results: EPS: NT$0.61 (up from NT$0.56 in FY 2023). Revenue: NT$3.23b (down 21% from FY 2023). Net income: NT$235.3m (up 7.9% from FY 2023). Profit margin: 7.3% (up from 5.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • Feb 26
Motech Industries Inc., Annual General Meeting, Jun 20, 2025 Motech Industries Inc., Annual General Meeting, Jun 20, 2025. Location: 1 floor no,18, ta shun 9th rd., sinshih district, tainan city Taiwan Annonce • Feb 18
Motech Industries Inc. to Report Fiscal Year 2024 Results on Feb 25, 2025 Motech Industries Inc. announced that they will report fiscal year 2024 results on Feb 25, 2025 Buy Or Sell Opportunity • Jan 09
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to NT$20.30. The fair value is estimated to be NT$27.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 16%. Buy Or Sell Opportunity • Dec 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to NT$20.95. The fair value is estimated to be NT$26.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has grown by 16%. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.06 (vs NT$0.20 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.06 (down from NT$0.20 in 3Q 2023). Revenue: NT$717.7m (down 25% from 3Q 2023). Net income: NT$25.0m (down 67% from 3Q 2023). Profit margin: 3.5% (down from 8.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annonce • Oct 31
Motech Industries Inc. to Report Q3, 2024 Results on Nov 07, 2024 Motech Industries Inc. announced that they will report Q3, 2024 results on Nov 07, 2024 Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$0.13 (vs NT$0.059 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.13 (up from NT$0.059 in 2Q 2023). Revenue: NT$792.4m (down 4.2% from 2Q 2023). Net income: NT$50.6m (up 123% from 2Q 2023). Profit margin: 6.4% (up from 2.7% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$24.15, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total loss to shareholders of 18% over the past three years. Annonce • Jul 24
Motech Industries Inc. to Report Q2, 2024 Results on Aug 01, 2024 Motech Industries Inc. announced that they will report Q2, 2024 results on Aug 01, 2024 Declared Dividend • Jul 03
Dividend of NT$0.32 announced Shareholders will receive a dividend of NT$0.32. Ex-date: 16th July 2024 Payment date: 9th August 2024 Dividend yield will be 0.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (66% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 88% 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 • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$31.90, the stock trades at a trailing P/E ratio of 65.8x. Average forward P/E is 23x in the Semiconductor industry in Taiwan. Negligible returns to shareholders over past three years. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$0.33 (vs NT$0.40 in 1Q 2023) First quarter 2024 results: EPS: NT$0.33 (down from NT$0.40 in 1Q 2023). Revenue: NT$885.2m (down 35% from 1Q 2023). Net income: NT$125.8m (down 20% from 1Q 2023). Profit margin: 14% (up from 12% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Apr 24
Motech Industries Inc. to Report Q1, 2024 Results on May 02, 2024 Motech Industries Inc. announced that they will report Q1, 2024 results on May 02, 2024 Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: NT$0.56 (vs NT$0.73 in FY 2022) Full year 2023 results: EPS: NT$0.56 (down from NT$0.73 in FY 2022). Revenue: NT$4.07b (down 24% from FY 2022). Net income: NT$218.2m (down 19% from FY 2022). Profit margin: 5.4% (up from 5.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Annonce • Mar 08
Motech Industries Inc., Annual General Meeting, Jun 18, 2024 Motech Industries Inc., Annual General Meeting, Jun 18, 2024. Location: International Conference Hall at 1st Fl., No. 18, Dashun 9th Rd Xinshi Dist Tainan City Taiwan Agenda: To consider 2023 Operation Report; to consider Audit Committee's review report on 2023 financial statements; to consider distribution of 2023 compensation to employees and remuneration to Directors; and to transact such other business matters. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: NT$0.20 (vs NT$0.25 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.20 (down from NT$0.25 in 3Q 2022). Revenue: NT$954.5m (down 31% from 3Q 2022). Net income: NT$76.0m (down 19% from 3Q 2022). Profit margin: 8.0% (up from 6.8% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: NT$0.06 (vs NT$0.16 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.06 (down from NT$0.16 in 2Q 2022). Revenue: NT$826.8m (down 29% from 2Q 2022). Net income: NT$22.7m (down 61% from 2Q 2022). Profit margin: 2.7% (down from 5.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 104% 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 11
Upcoming dividend of NT$0.45 per share at 1.3% yield Eligible shareholders must have bought the stock before 18 July 2023. Payment date: 11 August 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.3%). Annonce • Jul 04
Motech Industries Inc. Announces Dividend Distribution, Payable August 11, 2023 Motech Industries Inc. announces dividend distribution of TWD 0.45 per share, Cash dividend TWD 174,168,844, with Ex-rights (ex-dividend) date is July 18, 2023, ex-rights (Ex-dividend) record date is July 24, 2023 and payment date of cash dividend distribution is August 11, 2023. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$33.90, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 475% over the past three years. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: NT$0.73 (vs NT$0.30 in FY 2021) Full year 2022 results: EPS: NT$0.73 (up from NT$0.30 in FY 2021). Revenue: NT$5.36b (down 8.7% from FY 2021). Net income: NT$267.9m (up 151% from FY 2021). Profit margin: 5.0% (up from 1.8% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 17% share price gain to NT$30.60, the stock trades at a trailing P/E ratio of 60.3x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 159% 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 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 Chia-Hsin Chang was the last independent director to join the board, commencing their role in 2022. 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 13
Third quarter 2022 earnings released: EPS: NT$0.25 (vs NT$0.25 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.25. Revenue: NT$1.39b (down 12% from 3Q 2021). Net income: NT$94.1m (up 5.4% from 3Q 2021). Profit margin: 6.8% (up from 5.7% in 3Q 2021). Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: NT$0.16 (vs NT$0.11 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.16 (up from NT$0.11 in 2Q 2021). Revenue: NT$1.16b (down 29% from 2Q 2021). Net income: NT$58.4m (up 48% from 2Q 2021). Profit margin: 5.0% (up from 2.4% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annonce • Jul 21
Motech Industries Inc. Announces Management Changes Motech Industries Inc. appoints Chia-Hsin Chang- Independent Director of Motech as member of compensation committee in place of Cheng-Ching Wu- Independent Director of Motech, effective date is July 20, 2022. Upcoming Dividend • Jul 21
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 24 August 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.7%). Annonce • Jul 15
Motech Industries Inc. Announces Dividend, Payable on August 4, 2022 Motech Industries Inc. announces dividend distribution of TWD 0.2 per share with Ex-rights (ex-dividend) date is July 28, 2022, ex-rights (Ex-dividend) record date is August 3, 2022 and payment date of cash dividend distribution is August 4, 2022. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.12 (vs NT$0.069 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.12 (up from NT$0.069 loss in 1Q 2021). Revenue: NT$1.10b (flat on 1Q 2021). Net income: NT$41.5m (up NT$65.9m from 1Q 2021). Profit margin: 3.8% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. 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. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Kin-Tsau Lee was the last independent director to join the board, commencing their role in 2016. 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 13
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: NT$0.30 (down from NT$0.31 in FY 2020). Revenue: NT$5.87b (up 60% from FY 2020). Net income: NT$106.7m (down 3.0% from FY 2020). Profit margin: 1.8% (down from 3.0% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 54%. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$0.25 (vs NT$0.29 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.57b (up 51% from 3Q 2020). Net income: NT$89.3m (down 14% from 3Q 2020). Profit margin: 5.7% (down from 9.9% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$0.11 (vs NT$0.51 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.63b (up 60% from 2Q 2020). Net income: NT$39.6m (down 78% from 2Q 2020). Profit margin: 2.4% (down from 18% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 10
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 10 September 2021. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$26.95, the stock trades at a trailing P/E ratio of 52.8x. Average forward P/E is 13x in the Semiconductor industry in Taiwan. Total loss to shareholders of 9.4% over the past three years. Reported Earnings • May 13
First quarter 2021 earnings released: NT$0.07 loss per share (vs NT$0.27 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$1.11b (up 49% from 1Q 2020). Net loss: NT$24.4m (loss narrowed 74% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS NT$0.31 (vs NT$3.72 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$3.68b (down 31% from FY 2019). Net income: NT$110.0m (up NT$1.43b from FY 2019). Profit margin: 3.0% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Mar 19
Motech Industries Inc., Annual General Meeting, Jun 17, 2021 Motech Industries Inc., Annual General Meeting, Jun 17, 2021. Agenda: To consider the 2020 Operation Report; to consider the Audit Committee's review report on 2020 audited financial statements; to consider the 2020 employee's profit sharing bonus and directors remuneration; and to consider the proposal for distribution of 2020 profits. Is New 90 Day High Low • Mar 13
New 90-day high: NT$37.00 The company is up 13% from its price of NT$32.65 on 11 December 2020. The Taiwanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 19% over the same period. Annonce • Jan 22
Motech Industries Inc. Appoints Alan Wu as Principal Accounting Officer Motech Industries Inc. announced the appointment of Alan Wu as Principal Accounting Officer. Is New 90 Day High Low • Jan 18
New 90-day low: NT$30.80 The company is down 19% from its price of NT$37.90 on 21 October 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 32% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: NT$31.60 The company is down 15% from its price of NT$37.29 on 16 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 21% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.29 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.04b (down 27% from 3Q 2019). Net income: NT$103.3m (up NT$99.4m from 3Q 2019). Profit margin: 9.9% (up from 0.3% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. 