Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$46.60, the stock trades at a trailing P/E ratio of 77.4x. Average trailing P/E is 39x in the Semiconductor industry in Taiwan. Total loss to shareholders of 17% over the past three years. New Risk • Jul 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.11b (US$95.8m) 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 33% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (215% payout ratio). Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (NT$3.11b market cap, or US$95.8m). New Risk • Jul 02
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 9.6% 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 33% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (215% payout ratio). Share price has been volatile over the past 3 months (9.6% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Upcoming Dividend • Jul 02
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 09 July 2026. Payment date: 14 August 2026. The company is paying out more than 100% of its profits and is paying out 84% of its cash flow. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (0.9%). Declared Dividend • Jun 13
Dividend of NT$0.50 announced Shareholders will receive a dividend of NT$0.50. Ex-date: 9th July 2026 Payment date: 14th August 2026 Dividend yield will be 0.9%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (215% earnings payout ratio). However, it is covered by cash flows (84% 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 139% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 18
First quarter 2026 earnings released: EPS: NT$0.37 (vs NT$0.26 in 1Q 2025) First quarter 2026 results: EPS: NT$0.37 (up from NT$0.26 in 1Q 2025). Revenue: NT$397.1m (up 15% from 1Q 2025). Net income: NT$22.7m (up 42% from 1Q 2025). Profit margin: 5.7% (up from 4.6% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$0.50 (vs NT$1.85 in FY 2024) Full year 2025 results: EPS: NT$0.50 (down from NT$1.85 in FY 2024). Revenue: NT$1.35b (down 7.2% from FY 2024). Net income: NT$30.6m (down 73% from FY 2024). Profit margin: 2.3% (down from 7.7% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Mar 06
Leadtrend Technology Corporation, Annual General Meeting, May 28, 2026 Leadtrend Technology Corporation, Annual General Meeting, May 28, 2026. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.76 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.08 (down from NT$0.76 in 3Q 2024). Revenue: NT$326.8m (down 24% from 3Q 2024). Net income: NT$4.99m (down 89% from 3Q 2024). Profit margin: 1.5% (down from 11% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% 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. New Risk • Sep 17
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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (96% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$55.80, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 32x in the Semiconductor industry in Taiwan. Total returns to shareholders of 8.9% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.03 (vs NT$0.74 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.03 (down from NT$0.74 in 2Q 2024). Revenue: NT$343.1m (down 9.4% from 2Q 2024). Net income: NT$1.55m (down 97% from 2Q 2024). Profit margin: 0.5% (down from 12% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 03
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.2%). Declared Dividend • Jun 14
Dividend of NT$1.20 announced Shareholders will receive a dividend of NT$1.20. Ex-date: 10th July 2025 Payment date: 15th August 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jun 01
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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: Major Risk Earnings have declined by 4.3% 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. Market cap is less than US$100m (NT$2.93b market cap, or US$97.9m). Reported Earnings • May 18
First quarter 2025 earnings released: EPS: NT$0.27 (vs NT$0.17 in 1Q 2024) First quarter 2025 results: EPS: NT$0.27 (up from NT$0.17 in 1Q 2024). Revenue: NT$344.8m (up 11% from 1Q 2024). Net income: NT$16.0m (up 55% from 1Q 2024). Profit margin: 4.6% (up from 3.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Annonce • May 01
Leadtrend Technology Corporation to Report Q1, 2025 Results on May 08, 2025 Leadtrend Technology Corporation announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$44.25, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total loss to shareholders of 56% over the past three years. New Risk • Mar 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$94.7m) 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. This is currently the only risk that has been identified for the company. Annonce • Mar 01
Leadtrend Technology Corporation Announces Hazel Yeh, Chief Internal Auditor Applies for Parental Leave Without Pay, Effective February 28, 2025 Leadtrend Technology Corporation announced that Hazel Yeh, Chief Internal Auditor has applied for parental leave without pay. Effective date is February 28, 2025. During the period of parental leave without pay,the Chief Internal Auditor's responsibilities will be assumed by her substitute. Annonce • Feb 21
Leadtrend Technology Corporation, Annual General Meeting, May 29, 2025 Leadtrend Technology Corporation, Annual General Meeting, May 29, 2025. Location: 2 floor no,3, t`ai yuan 1st st., jhubei city, hsinchu county Taiwan Annonce • Feb 13
Leadtrend Technology Corporation to Report Fiscal Year 2024 Results on Feb 20, 2025 Leadtrend Technology Corporation announced that they will report fiscal year 2024 results on Feb 20, 2025 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 6.3% 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. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.78 (vs NT$0.42 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.78 (up from NT$0.42 in 3Q 2023). Revenue: NT$428.7m (up 29% from 3Q 2023). Net income: NT$46.1m (up 86% from 3Q 2023). Profit margin: 11% (up from 7.4% in 3Q 2023). The increase in margin 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 43 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$85.80, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Total loss to shareholders of 20% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.75 (vs NT$0.22 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.75 (up from NT$0.22 loss in 2Q 2023). Revenue: NT$378.7m (up 43% from 2Q 2023). Net income: NT$44.7m (up NT$57.8m from 2Q 2023). Profit margin: 12% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annonce • Jul 25
Leadtrend Technology Corporation to Report Q2, 2024 Results on Aug 01, 2024 Leadtrend Technology Corporation announced that they will report Q2, 2024 results on Aug 01, 2024 Upcoming Dividend • Jul 05
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 11 July 2024. Payment date: 15 August 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.0%). Annonce • Jun 19
Leadtrend Technology Corporation Announces Stock Cash Dividend, Payable on August 15, 2024 Leadtrend Technology Corporation announced TWD 0.1998060137 stock dividend per common share totaling TWD 11,637,570 and TWD 0.39961197 capital reserves distributed per common share totaling TWD 23,275,137. Ex-rights (ex-dividend) trading date: July 11, 2024; Ex-rights (ex-dividend) record date: July 17, 2024; Payment date of common stock cash dividend distribution: August 15, 2024. Declared Dividend • Jun 15
Dividend of NT$0.40 announced Shareholders will receive a dividend of NT$0.40. Ex-date: 11th July 2024 Payment date: 15th August 2024 Dividend yield will be 0.5%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 41%. Cash payout ratio: 12%. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: NT$0.50 (vs NT$2.66 in FY 2022) Full year 2023 results: EPS: NT$0.50 (down from NT$2.66 in FY 2022). Revenue: NT$1.14b (down 30% from FY 2022). Net income: NT$28.9m (down 81% from FY 2022). Profit margin: 2.5% (down from 9.3% 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 33% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Annonce • Mar 01
Leadtrend Technology Corporation, Annual General Meeting, May 28, 2024 Leadtrend Technology Corporation, Annual General Meeting, May 28, 2024. Location: Taiyuan 1st Street, Zhubei City, Hsinchu County (2nd Floor, Multifunctional Conference Room, Phase III) Zhubei City Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's report of the 2023 audited financial reports; to consider report 2023 employees' profit sharing bonus and directors' compensation; to Audit Committee's report of the 2023 audited financial reports; to accept 2023 Business Report and Financial Statements; to accept The Company's 2023 earnings distribution; and to discuss other matters. Reported Earnings • Aug 11
Second quarter 2023 earnings released: NT$0.23 loss per share (vs NT$0.98 profit in 2Q 2022) Second quarter 2023 results: NT$0.23 loss per share (down from NT$0.98 profit in 2Q 2022). Revenue: NT$264.0m (down 45% from 2Q 2022). Net loss: NT$13.1m (down 123% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. New Risk • Jul 27
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 6.2% 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 High level of non-cash earnings (32% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Upcoming Dividend • Jul 06
Upcoming dividend of NT$0.91 per share at 1.7% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.2%). Annonce • Jun 07
Leadtrend Technology Corporation Announces Executive Changes Leadtrend Technology Corporation announced the promotion of Chi Heng Chung to General Manager, effective May 2, 2023. The new appointment took effect and at the same time Chairman Kao Yu kun dismissed the position of acting general manager. Reason for the change: The board of directors approved the promotion from VP to General manager. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: NT$2.74 (vs NT$5.95 in FY 2021) Full year 2022 results: EPS: NT$2.74 (down from NT$5.95 in FY 2021). Revenue: NT$1.63b (down 24% from FY 2021). Net income: NT$152.4m (down 54% from FY 2021). Profit margin: 9.3% (down from 15% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$68.90, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 217% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.19 (vs NT$1.91 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.19 (down from NT$1.91 in 3Q 2021). Revenue: NT$316.5m (down 46% from 3Q 2021). Net income: NT$10.7m (down 90% from 3Q 2021). Profit margin: 3.4% (down from 18% 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 85% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. No experienced directors. 8 highly experienced directors. Deputy GM & Director Yu Kun Kao was the last 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: Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.19 (vs NT$1.91 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.19 (down from NT$1.91 in 3Q 2021). Revenue: NT$316.5m (down 46% from 3Q 2021). Net income: NT$10.7m (down 90% from 3Q 2021). Profit margin: 3.4% (down from 18% 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 85% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 20% share price gain to NT$54.40, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$44.15, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 133% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$1.01 (vs NT$1.36 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.01 (down from NT$1.36 in 2Q 2021). Revenue: NT$481.4m (down 6.7% from 2Q 2021). Net income: NT$56.2m (down 25% from 2Q 2021). Profit margin: 12% (down from 14% 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 97% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 22
Upcoming dividend of NT$3.30 per share Eligible shareholders must have bought the stock before 29 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Taiwanese dividend payers (6.6%). In line with average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$95.20, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Semiconductor industry in Taiwan. Total returns to shareholders of 401% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 17% share price gain to NT$117, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 15x in the Semiconductor industry in Taiwan. Total returns to shareholders of 518% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$1.81 (vs NT$0.64 in 1Q 2021) First quarter 2022 results: EPS: NT$1.81 (up from NT$0.64 in 1Q 2021). Revenue: NT$548.7m (up 28% from 1Q 2021). Net income: NT$94.0m (up 186% from 1Q 2021). Profit margin: 17% (up from 7.6% 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 100% per year but the company’s share price has only increased by 74% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. No experienced directors. 8 highly experienced directors. Deputy GM & Director Yu Kun Kao was the last 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: Insufficient board refreshment. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$2.04 (vs NT$0.37 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$588.4m (up 51% from 3Q 2020). Net income: NT$105.2m (up 453% from 3Q 2020). Profit margin: 18% (up from 4.9% 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 77% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 22% share price decline to NT$111, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 19x in the Semiconductor industry in Taiwan. Total returns to shareholders of 445% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 15% share price gain to NT$135, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 530% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 22% share price gain to NT$141, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total returns to shareholders of 472% over the past three years. Upcoming Dividend • Aug 26
Upcoming dividend of NT$0.60 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 08 October 2021. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (2.2%). Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$1.60 (vs NT$0.24 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$515.9m (up 45% from 2Q 2020). Net income: NT$75.0m (up NT$64.0m from 2Q 2020). Profit margin: 14% (up from 3.1% 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 51% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 16% share price gain to NT$134, the stock trades at a trailing P/E ratio of 70.9x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 420% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 17% share price gain to NT$95.90, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 281% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 20% share price gain to NT$66.00, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 20x in the Semiconductor industry in Taiwan. Total returns to shareholders of 153% over the past three years. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.70 (vs NT$0.12 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$429.4m (up 46% from 1Q 2020). Net income: NT$32.8m (up NT$27.4m from 1Q 2020). Profit margin: 7.6% (up from 1.9% 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 29% per year whereas the company’s share price has increased by 33% per year. Annonce • May 08
Leadtrend Technology Corporation Announces Cash Dividend for the Year Ended December 31, 2020 Leadtrend Technology Corporation announced cash dividend for the year ended December 31, 2020. For the year, the company announced earnings in cash dividends to shareholders is TWD 0.60300000. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$73.60, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 204% over the past three years. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$1.30 (vs NT$0.50 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.45b (up 38% from FY 2019). Net income: NT$60.5m (up 159% from FY 2019). Profit margin: 4.2% (up from 2.2% 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 17% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 15
New 90-day high: NT$69.90 The company is up 65% from its price of NT$42.30 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 33% over the same period. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improved over the past week After last week's 16% share price gain to NT$69.60, the stock is trading at a trailing P/E ratio of 72.3x, up from the previous P/E ratio of 62.3x. 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 165%. Is New 90 Day High Low • Dec 29
New 90-day high: NT$66.00 The company is up 94% from its price of NT$33.95 on 30 September 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 23% over the same period. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 22% share price gain to NT$56.50, the stock is trading at a trailing P/E ratio of 58.7x, up from the previous P/E ratio of 48.3x. 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 134%. Is New 90 Day High Low • Dec 09
New 90-day high: NT$51.40 The company is up 45% from its price of NT$35.35 on 10 September 2020. The Taiwanese market is up 13% 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. Is New 90 Day High Low • Nov 20
New 90-day high: NT$43.75 The company is up 21% from its price of NT$36.30 on 21 August 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 16% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.41 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$388.8m (up 42% from 3Q 2019). Net income: NT$19.0m (up 104% from 3Q 2019). Profit margin: 4.9% (up from 3.4% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 14
New 90-day high: NT$41.60 The company is up 3.0% from its price of NT$40.45 on 16 July 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 20% over the same period. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 18% share price gain to NT$41.60, the stock is trading at a trailing P/E ratio of 55.1x, up from the previous P/E ratio of 46.6x. This compares to an average P/E of 23x in the Semiconductor industry in Taiwan. Total returns to shareholders over the past three years are 67%.