Reported Earnings • Apr 30
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: NT$2.00 (up from NT$1.87 in 1Q 2025). Revenue: NT$624.8m (up 21% from 1Q 2025). Net income: NT$68.1m (up 21% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the IT industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 28
Dividend increased to NT$9.00 Dividend of NT$9.00 is 50% higher than last year. Ex-date: 25th June 2026 Payment date: 23rd July 2026 Dividend yield will be 5.5%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 11% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 27
Acer Cyber Security Inc. announces Annual dividend, payable on July 23, 2026 Acer Cyber Security Inc. announced Annual dividend of TWD 9.0000 per share payable on July 23, 2026, ex-date on June 25, 2026 and record date on June 28, 2026. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: NT$10.22 (vs NT$10.13 in FY 2024) Full year 2025 results: EPS: NT$10.22 (up from NT$10.13 in FY 2024). Revenue: NT$2.43b (up 13% from FY 2024). Net income: NT$306.7m (up 36% from FY 2024). Profit margin: 13% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the IT industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Feb 26
Acer Cyber Security Inc., Annual General Meeting, May 27, 2026 Acer Cyber Security Inc., Annual General Meeting, May 27, 2026. Location: 8 floor no,9, sec.3 nan kang rd., nangang district, taipei city Taiwan Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: NT$2.70 (vs NT$2.75 in 3Q 2024) Third quarter 2025 results: EPS: NT$2.70. Revenue: NT$626.2m (up 12% from 3Q 2024). Net income: NT$80.9m (up 34% from 3Q 2024). Profit margin: 13% (up from 11% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in Taiwan. Reported Earnings • Aug 05
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: NT$2.50. Revenue: NT$597.7m (up 13% from 2Q 2024). Net income: NT$75.0m (up 34% from 2Q 2024). Profit margin: 13% (up from 11% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the IT industry in Taiwan. Upcoming Dividend • Jun 26
Upcoming dividend of NT$6.00 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 29 July 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.9%). Annonce • May 28
Acer Cyber Security Inc. Approves Board Appointments Acer Cyber Security Inc. approved the election of Directors and Independent Directors, at its AGM held on May 27, 2025. The Newly-Elected Directors are: Director: Acer Incorporated Legal Representative: Maverick Shih, Director: Acer Incorporated Legal Representative: Meggy Chen and Director: Acer Incorporated Legal Representative: Jack Tsai. The new Independent Directors are Chie-Shiang Tong, Grace Lung, Dong-Chun Tsai and Jih-Chu Lee. Annonce • Apr 22
Acer Cyber Security Inc. to Report Q1, 2025 Results on Apr 29, 2025 Acer Cyber Security Inc. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to NT$145, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the IT industry in Asia. Total returns to shareholders of 35% over the past three years. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to NT$166. The fair value is estimated to be NT$213, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Reported Earnings • Mar 03
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: NT$10.13 (up from NT$8.66 in FY 2023). Revenue: NT$2.15b (up 16% from FY 2023). Net income: NT$225.8m (up 19% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 12% growth forecast for the IT industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year. Annonce • Feb 17
Acer Cyber Security Inc. to Report Fiscal Year 2024 Results on Feb 24, 2025 Acer Cyber Security Inc. announced that they will report fiscal year 2024 results on Feb 24, 2025 New Risk • Jan 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (75% accrual ratio). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks High level of debt (41% net debt to equity). Paying a dividend despite having no free cash flows. Annonce • Dec 20
Acer Cyber Security Inc. has completed a Follow-on Equity Offering in the amount of TWD 1.6 billion. Acer Cyber Security Inc. has completed a Follow-on Equity Offering in the amount of TWD 1.6 billion.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 6,400,000
Price\Range: TWD 200
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,600,000
Price\Range: TWD 200
Transaction Features: Reserved Share Offering; Rights Offering New Risk • Nov 12
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (75% accrual ratio). Minor Risks High level of debt (41% net debt to equity). Paying a dividend despite having no free cash flows. Reported Earnings • Nov 12
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: NT$2.75 (up from NT$2.33 in 3Q 2023). Revenue: NT$561.4m (up 18% from 3Q 2023). Net income: NT$60.5m (up 18% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 17% growth forecast for the IT industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 21% per year. Annonce • Nov 09
Acer Cyber Security Inc. announced that it expects to receive TWD 300 million in funding from Acer Incorporated Acer Cyber Security Inc. announced a private placement to issue common shares for the gross proceeds of TWD 300,000,000 on November 7, 2024. The transaction will incldude participation from returning investor ACER INCORPORATED with 100% stake. The transaction has been approved by shareholders of investors. Annonce • Oct 23
Acer Cyber Security Inc. to Report Q2, 2024 Results on Oct 29, 2024 Acer Cyber Security Inc. announced that they will report Q2, 2024 results at 9:00 AM, Taipei Standard Time on Oct 29, 2024 Reported Earnings • Aug 03
Second quarter 2024 earnings: Revenues exceed analyst expectations Second quarter 2024 results: Revenue: NT$529.8m (up 19% from 2Q 2023). Net income: NT$56.0m (up 23% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue exceeded analyst estimates by 5.3%. Annonce • Jul 23
Acer Cyber Security Inc. to Report Q2, 2024 Results on Jul 30, 2024 Acer Cyber Security Inc. announced that they will report Q2, 2024 results on Jul 30, 2024 Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$202, the stock trades at a trailing P/E ratio of 22.7x. Average forward P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 98% over the past three years. Upcoming Dividend • May 30
Upcoming dividend of NT$5.20 per share Eligible shareholders must have bought the stock before 06 June 2024. Payment date: 10 July 2024. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.9%). Reported Earnings • May 09
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: NT$2.03 (up from NT$1.75 in 1Q 2023). Revenue: NT$451.6m (up 13% from 1Q 2023). Net income: NT$44.6m (up 16% from 1Q 2023). Profit margin: 9.9% (in line with 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.8%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annonce • Apr 25
Acer Cyber Security Inc. to Report Q1, 2024 Results on Apr 30, 2024 Acer Cyber Security Inc. announced that they will report Q1, 2024 results on Apr 30, 2024 Declared Dividend • Feb 29
Dividend increased to NT$5.20 Dividend of NT$5.20 is 16% higher than last year. Ex-date: 6th June 2024 Payment date: 10th July 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (54% 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 9.3% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: NT$8.66 (vs NT$7.92 in FY 2022) Full year 2023 results: EPS: NT$8.66 (up from NT$7.92 in FY 2022). Revenue: NT$1.84b (up 15% from FY 2022). Net income: NT$190.6m (up 23% from FY 2022). Profit margin: 10% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: NT$2.33 (vs NT$2.03 in 3Q 2022) Third quarter 2023 results: EPS: NT$2.33 (up from NT$2.03 in 3Q 2022). Revenue: NT$474.4m (up 18% from 3Q 2022). Net income: NT$51.2m (up 14% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: NT$2.07 (vs NT$1.94 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.07 (up from NT$1.94 in 2Q 2022). Revenue: NT$447.2m (up 14% from 2Q 2022). Net income: NT$45.6m (up 35% from 2Q 2022). Profit margin: 10% (up from 8.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 25
Upcoming dividend of NT$4.50 per share at 2.4% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$220, the stock trades at a trailing P/E ratio of 31.4x. Average forward P/E is 20x in the IT industry in Taiwan. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$142, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 15x in the IT industry in Taiwan. Total returns to shareholders of 53% over the past three years. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: NT$1.94 (vs NT$1.21 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.94 (up from NT$1.21 in 2Q 2021). Revenue: NT$391.3m (up 91% from 2Q 2021). Net income: NT$33.9m (up 65% from 2Q 2021). Profit margin: 8.7% (down from 10.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 20
Upcoming dividend of NT$3.70 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.1%). Lower than average of industry peers (4.6%). Buying Opportunity • May 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.7%. The fair value is estimated to be NT$144, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 3.6%. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: NT$1.67 (vs NT$0.98 in 1Q 2021) First quarter 2022 results: EPS: NT$1.67 (up from NT$0.98 in 1Q 2021). Revenue: NT$359.0m (up 100% from 1Q 2021). Net income: NT$28.4m (up 70% from 1Q 2021). Profit margin: 7.9% (down from 9.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Annonce • Apr 16
Acer Cyber Security Inc. Announces General Manager Changes Acer Cyber Security Inc. announced General Manager changes. Name of the previous position holder: Ken Lin. Resume of the previous position holder: COO of EDC. Name of the new position holder: Rex Wu. Resume of the new position holder:General Manager of ACSI. Circumstances of change: Retirement. Effective date of the new appointment: April 15, 2022. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$5.11 (up from NT$4.83 in FY 2020). Revenue: NT$852.4m (up 6.1% from FY 2020). Net income: NT$86.9m (up 5.7% from FY 2020). Profit margin: 10% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS NT$1.35 (vs NT$1.21 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: NT$208.1m (up 5.7% from 3Q 2020). Net income: NT$22.9m (up 11% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Aug 12
Upcoming dividend of NT$3.30 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 24 September 2021. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (3.6%). Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$1.23 (vs NT$1.08 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: NT$204.9m (up 12% from 2Q 2020). Net income: NT$20.5m (up 15% from 2Q 2020). Profit margin: 10.0% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$102, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 12x in the IT industry in Taiwan. Total loss to shareholders of 20% over the past year. Reported Earnings • May 05
First quarter 2021 earnings released: EPS NT$1.00 (vs NT$0.96 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$180.0m (up 9.1% from 1Q 2020). Net income: NT$16.7m (up 4.9% from 1Q 2020). Profit margin: 9.3% (in line with 1Q 2020). Annonce • Mar 17
Acer Cyber Security Inc. Proposes Dividend Distribution for the Year Ended December 31, 2020 Acer Cyber Security Inc. proposes dividend distribution of TWD 3.3 per share for the year ended December 31, 2020. Total amount of cash dividends to shareholders TWD 54,999,091. Annonce • Mar 16
Acer Cyber Security Inc., Annual General Meeting, Jun 16, 2021 Acer Cyber Security Inc., Annual General Meeting, Jun 16, 2021. Location: 8F., No.560, Sec. 4 Zhongxiao E. Rd Taipei Taiwan Agenda: To consider business report for 2020; to consider audit committee's review report; to consider report on the distribution of cash dividend, execution of profit sharing bonus to employees and compensation to the directors for 2020; to consider ratification of business report and financial statements for 2020; to consider ratification of profit appropriation for 2020; and to consider approval of new shares issuance due to capital increase from earnings. Reported Earnings • Mar 16
Full year 2020 earnings released: EPS NT$4.93 (vs NT$5.01 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$803.4m (up 25% from FY 2019). Net income: NT$82.2m (up 21% from FY 2019). Profit margin: 10% (in line with FY 2019). Is New 90 Day High Low • Jan 28
New 90-day low: NT$123 The company is down 18% from its price of NT$150 on 30 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: NT$136 The company is down 13% from its price of NT$156 on 15 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: NT$144 The company is down 8.0% from its price of NT$156 on 24 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 28
New 90-day low: NT$149 The company is down 15% from its price of NT$176 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is flat over the same period. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS NT$1.24 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$196.8m (up 14% from 3Q 2019). Net income: NT$20.6m (up 33% from 3Q 2019). Profit margin: 11% (up from 9.0% in 3Q 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Nov 03
New 90-day low: NT$149 The company is down 18% from its price of NT$181 on 05 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: NT$155 The company is down 11% from its price of NT$174 on 17 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 IT industry, which is up 1.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$156 The company is down 7.0% from its price of NT$169 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 1.0% over the same period.