Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: NT$0.13 (vs NT$0.096 loss in 3Q 2023) Third quarter 2024 results: EPS: NT$0.13 (up from NT$0.096 loss in 3Q 2023). Revenue: NT$261.3m (up 24% from 3Q 2023). Net income: NT$4.16m (up NT$7.21m from 3Q 2023). Profit margin: 1.6% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.93 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.08 (up from NT$0.93 loss in 2Q 2023). Revenue: NT$262.5m (up 52% from 2Q 2023). Net income: NT$2.69m (up NT$32.2m from 2Q 2023). Profit margin: 1.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Annonce • Aug 08
Silicon Integrated Systems Corp. (TWSE:2363) agreed to acquire an unknown stake in Hycon Technology Corporation (TPEX:6457). Silicon Integrated Systems Corp. (TWSE:2363) agreed to acquire remaining unknown stake in Hycon Technology Corporation (TPEX:6457) on August 6, 2024. As per the transaction, Silicon Integrated Systems Corp. will issue 0.8713 shares for every share of Hycon Technology Corporation. The transaction is expected to close on January 1, 2025. New Risk • Aug 05
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 6.8% 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 17% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$1.57b market cap, or US$48.1m). Annonce • Jul 30
Hycon Technology Corporation to Report Q2, 2024 Results on Aug 07, 2024 Hycon Technology Corporation announced that they will report Q2, 2024 results on Aug 07, 2024 Annonce • May 01
Hycon Technology Corporation to Report Q1, 2024 Results on May 08, 2024 Hycon Technology Corporation announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 08, 2024 Annonce • Mar 22
Hycon Technology Corporation Announces the Resignation of Liu Po-Wen as Company's Director Hycon Technology Corporation announced the resignation of LIU PO-WEN as Company's director. Reported Earnings • Mar 20
Full year 2023 earnings released: NT$3.20 loss per share (vs NT$1.98 profit in FY 2022) Full year 2023 results: NT$3.20 loss per share (down from NT$1.98 profit in FY 2022). Revenue: NT$739.1m (down 13% from FY 2022). Net loss: NT$101.9m (down 261% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Annonce • Mar 07
Hycon Technology Corporation, Annual General Meeting, May 31, 2024 Hycon Technology Corporation, Annual General Meeting, May 31, 2024. Location: B1.,No.189, Shishang Rd.,Shilin Dist., Taipei City Taiwan Agenda: To consider to report the business of 2023; to consider 2023 Audit Committee's review report; to consider to report 2023 remuneration to directors and employees' compensation; to consider Report on 2023 Annual Director's Remuneration; to consider to accept the 2023 Business Report and Financial Statements; to consider adoption of the Proposal for 2023 Deficit Compensation; and to consider other matters. Reported Earnings • Nov 15
Third quarter 2023 earnings released: NT$0.10 loss per share (vs NT$0.46 loss in 3Q 2022) Third quarter 2023 results: NT$0.10 loss per share (improved from NT$0.46 loss in 3Q 2022). Revenue: NT$211.3m (up 22% from 3Q 2022). Net loss: NT$3.05m (loss narrowed 79% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$0.93 loss per share (vs NT$0.89 profit in 2Q 2022) Second quarter 2023 results: NT$0.93 loss per share (down from NT$0.89 profit in 2Q 2022). Revenue: NT$173.1m (down 27% from 2Q 2022). Net loss: NT$29.5m (down 205% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 33% 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. Upcoming Dividend • Aug 03
Upcoming dividend of NT$1.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 31 August 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.3%). Reported Earnings • Nov 20
Third quarter 2022 earnings released: NT$0.46 loss per share (vs NT$3.89 profit in 3Q 2021) Third quarter 2022 results: NT$0.46 loss per share (down from NT$3.89 profit in 3Q 2021). Revenue: NT$172.8m (down 52% from 3Q 2021). Net loss: NT$14.6m (down 113% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: NT$0.88 (vs NT$3.11 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.88 (down from NT$3.11 in 2Q 2021). Revenue: NT$236.2m (down 32% from 2Q 2021). Net income: NT$28.2m (down 70% from 2Q 2021). Profit margin: 12% (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 60% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 28
Upcoming dividend of NT$10.89 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 25 August 2022. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 13%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 15% share price gain to NT$84.00, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 239% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$76.10, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 12x in the Semiconductor industry in Taiwan. Total returns to shareholders of 214% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 18% share price gain to NT$119, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 405% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$2.51 (vs NT$2.94 in 1Q 2021) First quarter 2022 results: EPS: NT$2.51 (down from NT$2.94 in 1Q 2021). Revenue: NT$284.6m (down 17% from 1Q 2021). Net income: NT$79.8m (down 9.0% from 1Q 2021). Profit margin: 28% (up from 26% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$119, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 17x in the Semiconductor industry in Taiwan. Total returns to shareholders of 368% over the past three years. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: NT$12.71 (vs NT$7.03 in FY 2020) Full year 2021 results: EPS: NT$12.71 (up from NT$7.03 in FY 2020). Revenue: NT$1.41b (up 21% from FY 2020). Net income: NT$384.1m (up 84% from FY 2020). Profit margin: 27% (up from 18% 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 75% per year whereas the company’s share price has increased by 71% per year. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$3.89 (vs NT$1.94 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$358.6m (up 17% from 3Q 2020). Net income: NT$116.0m (up 101% from 3Q 2020). Profit margin: 32% (up from 19% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 19% share price gain to NT$190, the stock trades at a trailing P/E ratio of 18.5x. Average forward P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 669% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improved over the past week After last week's 16% share price gain to NT$174, the stock trades at a trailing P/E ratio of 17x. Average forward P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 597% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$3.11 (vs NT$2.02 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$348.7m (up 3.4% from 2Q 2020). Net income: NT$92.9m (up 55% from 2Q 2020). Profit margin: 27% (up from 18% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year and the company’s share price has also increased by 73% per year. Upcoming Dividend • Jul 01
Upcoming dividend of NT$6.32 per share Eligible shareholders must have bought the stock before 08 July 2021. Payment date: 28 July 2021. Trailing yield: 4.1%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (2.2%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$2.94 (vs NT$0.82 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$343.5m (up 82% from 1Q 2020). Net income: NT$87.7m (up 267% from 1Q 2020). Profit margin: 26% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year whereas the company’s share price has increased by 68% per year. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 33% share price gain to NT$195, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 590% over the past three years. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$7.03 (vs NT$1.92 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.16b (up 75% from FY 2019). Net income: NT$208.7m (up 277% from FY 2019). Profit margin: 18% (up from 8.4% 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 53% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 16
New 90-day high: NT$135 The company is up 87% from a price of NT$71.90 on 16 December 2020. Outperformed the Taiwanese market which is up 15% over the last 90 days. Exceeded the Semiconductor industry, which is up 21% over the same period. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 20% share price gain to NT$123, the stock is trading at a trailing P/E ratio of 22.5x, up from the previous P/E ratio of 18.9x. This compares to an average P/E of 27x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 325%. Annonce • Mar 12
Hycon Technology Corporation, Annual General Meeting, May 31, 2021 Hycon Technology Corporation, Annual General Meeting, May 31, 2021. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 18% share price gain to NT$118, the stock is trading at a trailing P/E ratio of 21.7x, up from the previous P/E ratio of 18.4x. This compares to an average P/E of 28x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 324%. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$102, the stock is trading at a trailing P/E ratio of 18.8x, down from the previous P/E ratio of 22.6x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 232%. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 16% share price gain to NT$107, the stock is trading at a trailing P/E ratio of 19.6x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 255%. Is New 90 Day High Low • Jan 04
New 90-day high: NT$97.00 The company is up 66% from its price of NT$58.60 on 07 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 25% over the same period. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improved over the past week After last week's 16% share price gain to NT$91.60, the stock is trading at a trailing P/E ratio of 16.9x, up from the previous P/E ratio of 14.6x. This compares to an average P/E of 26x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 211%. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 16% share price gain to NT$82.60, the stock is trading at a trailing P/E ratio of 15.2x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 25x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 185%. Is New 90 Day High Low • Dec 18
New 90-day high: NT$79.20 The company is up 35% from its price of NT$58.80 on 18 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 17% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: NT$74.50 The company is up 40% from its price of NT$53.10 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. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.94 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$307.1m (up 76% from 3Q 2019). Net income: NT$57.7m (up 366% from 3Q 2019). Profit margin: 19% (up from 7.1% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 15
New 90-day high: NT$61.60 The company is up 10.0% from its price of NT$56.00 on 17 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 21% over the same period.